Karvesvingen 5 is an office building with a GBA of approx. 18,000 square metres, and ATEA, the principal tenant, moved into the building during the first quarter of 2020. The building has been constructed by AF Gruppen and achieved a BREEAM-NOR environmental classification of Excellent. Höegh Eiendom will continue to manage the building after the transaction is completed.

The sale is estimated to provide AF Gruppen with an accounting gain of NOK 95 million. 

“Over a short period of time, Hasle Linje has developed into a very vital district, centrally located and easily accessible. ‘K5’ is often referred to as Europe’s smartest building, and we are very pleased to have reached an agreement in direct negotiations with Clarkson Platou Real Estate. Apart from this, the parties have agreed not to comment on details until the sale is finally completed”, says Morten Grongstad, CEO of AF Gruppen.

The bid is subject to financing and satisfactory due diligence. It is expected that the transaction will be completed by the end of October 2020.