Statoil European headquarters in Oslo sells for €430 million (NO)

Jones Lang LaSalle and Norwegian affiliate partner firm Akershus Eiendom confirm that they have advised ITFP, a Norwegian company, on the sale of the Statoil European HQ in Oslo, Norway.


The 65,000 m² office building was acquired by a syndicate of investors, arranged by Arctic Securities, a Norwegian investment bank. The completed sale in the region of €430 million was Norway's second largest single-asset real estate transaction in 2012.

US investor Madison International Realty assumed a senior role in the purchasing syndicate and provided 35% of the equity.

Peter Hensby, Director, European Capital Markets, Jones Lang LaSalle said: "Oslo is one of the fastest growing and wealthiest cities in Western Europe. Norway real estate has a very compelling investment story for both international and domestic buyers."

The building was completed in September 2012 and is 100% leased to Statoil on a 15-year term.

Source: Jones Lang LaSalle

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