Gjerpensgate

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Obligo

Real Estate

Gjerpensgate - 20k sqm multi-let public property in Skien– WALT from 4Y to 10Y & NOI boost

Sector: Office - Courthouse

Location: Skien, Norway

Opportunity & Background

Property located in Skien, a regional town located ~130km from Oslo

Two anchor tenants had different needs for their leased areas, but not the financial capacity to execute due to budget limitations

~250 parking spaces were provided free of charge to tenants

Business Plan & Execution

Present a capital investment program accommodating the differentneeds

Move around some of the smaller tenants to accommodate increased space need from the anchor tenants

Evaluate rental potential from parking

Results

Re-geared with two anchor tenants 4 years ahead of expiration increasing WALT from 4 to 10Y

Capital investment of SEK ~30m

Boosted the NOI significantly due to increased rent & reducedopex

Teamed up with a parking operator increasing the NOI with SEK ~1m

Sector: Office - Courthouse

Location: Skien, Norway

Opportunity & Background

Property located in Skien, a regional town located ~130km from Oslo

Two anchor tenants had different needs for their leased areas, but not the financial capacity to execute due to budget limitations

~250 parking spaces were provided free of charge to tenants

Business Plan & Execution

Present a capital investment program accommodating the differentneeds

Move around some of the smaller tenants to accommodate increased space need from the anchor tenants

Evaluate rental potential from parking

Results

Re-geared with two anchor tenants 4 years ahead of expiration increasing WALT from 4 to 10Y

Capital investment of SEK ~30m

Boosted the NOI significantly due to increased rent & reducedopex

Teamed up with a parking operator increasing the NOI with SEK ~1m

Opportunity & Background

Property located in Skien, a regional town located ~130km from Oslo

Two anchor tenants had different needs for their leased areas, but not the financial capacity to execute due to budget limitations

~250 parking spaces were provided free of charge to tenants

Business Plan & Execution

Present a capital investment program accommodating the differentneeds

Move around some of the smaller tenants to accommodate increased space need from the anchor tenants

Evaluate rental potential from parking

Results

Re-geared with two anchor tenants 4 years ahead of expiration increasing WALT from 4 to 10Y

Capital investment of SEK ~30m

Boosted the NOI significantly due to increased rent & reducedopex

Teamed up with a parking operator increasing the NOI with SEK ~1m

No items found.

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Obligo

Real Estate

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Triangelgården

Sågen 4

Lysbomben

Obligo

Real Estate

Gjerpensgate - 20k sqm multi-let public property in Skien– WALT from 4Y to 10Y & NOI boost

Sector: Office - Courthouse

Location: Skien, Norway

Opportunity & Background

Property located in Skien, a regional town located ~130km from Oslo

Two anchor tenants had different needs for their leased areas, but not the financial capacity to execute due to budget limitations

~250 parking spaces were provided free of charge to tenants

Business Plan & Execution

Present a capital investment program accommodating the differentneeds

Move around some of the smaller tenants to accommodate increased space need from the anchor tenants

Evaluate rental potential from parking

Results

Re-geared with two anchor tenants 4 years ahead of expiration increasing WALT from 4 to 10Y

Capital investment of SEK ~30m

Boosted the NOI significantly due to increased rent & reducedopex

Teamed up with a parking operator increasing the NOI with SEK ~1m

No items found.

More case studies from

Obligo

Real Estate

See all case studies

14.1.2025

Triangelgården

14.1.2025

Sågen 4

14.1.2025

Lysbomben

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