Ground floor: Approx. 198,2 sq. m
First floor: Approx. 210 sq. m
Basement: Approx. 192 sq. m
Total Approx. 601 sq. m
12 months after signature of the lease agreement
The greater Oslo area is the home for 25 % of Norway’s population, and Oslo is one of Europe’s fastest growing cities. Population is expected to increase by 31 % over the next 25 years, and total purchasing power per capita is almost double the average in the EU. This, combined with every Norwegian above the age of 16 making 4 trips annually to Oslo, makes Prinsens Gate 25 a rear opportunity for international retailers looking for a new establishment in Oslo.
Located in the Oslo high street district, Prinsens Gate 25 is in close proxy to high-end stores such as Louis Vuitton, Burberry, Gucci, Bottega Veneta and soon Europe’s largest Zara store. The past years has shown a rapid growth of international retailers in Oslo, with several others being on the verge of signing new flagship stores.
Originally built in 1899 with a luxurious façade over five floors. With a total area of 600 sqm., the premises will be redeveloped to fit the requirements of high-end retailers. Large windows provides great exposure and the building is easy accessible by public transportation. Prinsens Gate is under a development and when completed in 2017, the street will be a tram and pedestrian only street, strengthening the position of the property.