The property
Nedre Slottsgate 5
Nedre Slottsgate 5 is centrally located in Kvadraturen. The building has five floors and was built in 1895. It is a period building with a Neo-Renaissance facade in brick and simple stucco and stone details. The 2nd to 5th floor consists of office space. Plan 1 has been built with a mezzanine over parts of the area and will now be developed and tailored for a new tenant.
Specifications
Unique opportunities
The property is 2 201,5 sqm over 5 floors, including mezzanine and basement. The areas from the 2nd to the 5th floor, including the mezzanine and basement, underwent an extensive rehabilitation in 2017/2018. The floors generally have good ceiling heights, and the areas are perceived as open and airy.
unique surroundings
Development of Kvadraturen
In recent years, Kvadraturen has undergone a major transformation, both in terms of infrastructure and quality of the buildings. As a result from this, Kvadraturen has become Oslo’s main area for culture and fashion with a number of unique and charming shops, in addition to a number of restaurants.
Nedre Slottsgate 5, Oslo
Oslo is in the process of completing major maintenance work in Prinsens gate and Tollbugata. This has given the streets a solid facelift and emphasizes Kvadraturen’s intended role as a natural focal point between Bjørvika and Aker Brygge. The promenade has very successfully built a shopping destination in Nedre Slottsgate towards Karl Johans gate. Several international high-end brands are established here, and for the most attractive premises, prices have been pushed up to NOK 25,000 per square meter.
The demand for retail premises exceeds the supply in Nedre Slottsgate towards Karl Johans gate, and therefore the future expansion will most likely be towards Prinsens gate and Tollbugata. In 2017, a number of stores were established in Prinsens gate, including Isabel Marant, A.P.C, Rag & Bone, FWSS, Ganni and Kamikaze. Several brands will also appear, and Moncler, Jacob Cohen and Swims have already signed leases.
