Olav Thon Eiendomsselskap acquires central Oslo property

Olav Thon Eiendomsselskap ASA has announced the acquisition of Storgata 5-7 in Oslo from Malling & Co Eiendomsfond. The property, situated between Jernbanetorget and Stortorvet, encompasses two buildings totaling approximately 6,500 square meters, featuring office, retail, and restaurant spaces.

According to Dag Tangevald-Jensen, chief executive of Olav Thon Eiendomsselskap ASA, this purchase aligns with the company's strategy to strengthen its portfolio of central city properties with development potential, highlighting the location's high exposure and accessibility. Malling Investments' senior asset manager, Anders Ombudstvedt, expressed satisfaction with developing Storgata 5-7 into a modern and attractive commercial building in an area experiencing positive growth.

Malling & Co Eiendomsfond is pleased to have secured a long-term owner committed to continuing the property's management and development.