Norwegian Property has extended the existing lease contract with Skanska Norge AS for the whole building in Drammensveien 60 until 28 February 2017 (previous expiry was 31 August 2015). In the extension period the gross rent increases by in excess of 17 per cent compared to the existing contract. The extension is agreed upon "as-is" terms, i.e. no investment obligations for the lessor.

Drammensveien 60 is an attractive property with a good location close to Aker Brygge and Solli plass in Oslo West. The property was completely refurbished in 2005 and comprises a total space of 10 873 square meters with the addition of indoor and outdoor parking space. Skanska occupies the whole building.


For further information, contact:

Olav Line, CEO, phone +47 48 25 41 49
Aili Klami, Director customer relations and aftersales, phone +47 95 26 45 55

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)