NIB finances green office property in Oslo

NIB and the Norwegian real estate company Møller Eiendom Holding AS have signed a NOK 700 million (EUR 64.5 million) loan agreement to finance a green office property.

The seven-year-maturity loan finances Harbitz Torg in Skøyen, Oslo. The office building Harbitzalleen 5 will be certified in accordance with the “Excellent” rating under the BREEAM certification for sustainable buildings. It comprises 30,000 square metres of office space and has been completed in May 2020.

Harbitz Torg is one of the largest development projects in the Norwegian capital, where the premises of a former pharmaceutical factory have been transformed into an area with residential buildings, shops, a day care centre and office spaces.

During the construction, a lot of effort went into choosing high-quality materials, re-establishing ecological diversity by using seeds from native species to create meadows in flowerbeds and roof gardens, and re-using the steel from the old factory to build fountains, bicycle stands and other structures in the courtyard.

Møller Eiendom Holding AS is a real estate company with operations in Norway, Sweden, Lithuania, Latvia and Estonia.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Nordic Investment Bank:
Mr Patrick Nylund, Senior Client Executive, Lending, at +358 10 618 0329, patrick.nylund@nib.int
Mr Vytautas Brazaitis, Communications Unit, at +358 10 618 0235, vytautas.brazaitis@nib.int

Møller Eiendom:
Ms Dagny Stensgård Wik, CFO, at +47 950 65 885, dsw@mollereiendom.no