Statoil has entered into an agreement with Colony Capital for the sale of its head office building in Norway.
The company will also sign a 15-year lease agreement with an extension option at the same time.
Statoil’s head office building is at Forus in Stavanger.
Senior vice president Kare Thomsen said:“The premises at Forus East remain our corporate head office, and with this agreement we ensure a long-term perspective for utilization of the property.
“The agreement is the result of a successful sales process, and we believe that Colony Capital is a long-term and good owner of the building. As lessee Statoil will still be responsible for operation and maintenance of the property, while the sale releases capital for developing our core activities.”
The office building, which covers around 100,000 square metres, has been subject to extension and upgrading several times since the first building stage was finished in 1979.
The last upgrade involved a new business and conference centre which opened last year.
The property value is in excess of NOK 2.5billion
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