Location: Frydenberg is an open and sunny location in the eastern part of Oslo. The surrounding areas are partially detached houses, and some light industrial areas that are under development to residential areas. Skanska has set up several high-rises and completed its 600 apartments in 2014. The property is easily accessible from major road infrastructures, and Løren tube station is just around the corner.
The Building: Around 8,000 m² for commercial purposes.
Lease agreements: There are established office spaces in a variety of sizes for smaller companies on the 2. - 4. floor, on the ground floor a new Kiwi store opened in 2017. The property is being upgraded on a continuous basis and the majority of the office spaces have been renovated within the past 3 years.
Valuation: The property is valued at around 116.1 million NOK.
Location: Ryensvingen 3 is located centrally at an attractive location close the Ryen junction. The area consists of offices, warehouses, shops and apartments. The property is situated in the very busy south east part of Oslo, with easy access to the highway to the north, south, west and east.
The Building: Built gross land area is 1,731 m², which gives a gross floor area of approx. 6,900 m², divided into the basement and three floors. Basement, ground floor and a half the first floor is built in 1982 and was extended in 1987 with the rest of the first floor and second floor and two "external" staircases. One stairwell also includes a 1,500 kg passenger and goods lift. The building's basement contains a large grocery shop, as well as some technical rooms. The ground floor contains retail and warehouse and a loading ramp, while the two upper floors are offices, meeting rooms and a showroom.
Lease agreements: It is per sept 2017 about 400 m² available space in the building's first floor. Annual rental income approx. 7 million NOK.
Valuation: The property is valued at around 111,8 million NOK.
Location: ANS Gresvig owns the property Sagveien 25 in Askim municipality. The property is easily accessible with good exposure to E18 near the center of Askim. E18 is the main road leading from Oslo to Goteborg and Sweden.
The plot: is 52,617 m² and has large paved areas in order to accommodate large trucks and a large parking lot, as well as a swimming pool.
The Building: The plot is developed with a total of 25,849 m² modern offices and warehouse. Totally 6,600 m² of the warehouse was built in 1996. The facility consists partly of a large storage room, and partly of smaller automatic storage facilities. The swimming pool is the water reservoir for fire extinguishing system, but is used daily by the employees and their families.
Lease agreements: The property is fully leased by Gresvig, which has offices and their main warehouse on the property. Gresvig is the largest sport equipment chain store in Norway. The lease runs until 2026. Annual rental income 20 million NOK. The rent is adjusted annually by 80% of the CPI.
Valuation: The property is valued at around 267,2 million NOK.
Acquired properties in Norway and Denmark
Centennial has taken a share in three co-owned properties in Oslo, Norway and Copenhagen and Kolding in Denmark.
The Oslo property contains two buildings, partly let out to the authorities as offices for public services, and partly to one of Norway's leading chains of grocery stores.
The Danish properties are both giant cold storages. Both are let out to a subsidiary of the Norwegian Post Authorities.