Karl Johan Quarter N e w R e ta i l S pa c e , O s l o / N orway
Karl Johan
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Karl Johan
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Oslo – CONCENTRATED SHOPPING
Karl Johan
Oslo is Norway’s capital and its largest city. In size and population, Oslo is a small city compared with other European capitals. Oslo’s advantage is that most of the shopping lies within a 2 kilometre radius. Oslo’s main street, most of which is pedestrianised, runs from the Royal Palace right through the centre, ending at Oslo Central Station, which is the city’s transport hub. Karl Johan is Norway’s prime shopping street, with many well-known retail chains and concepts.
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CO N TENTS Norway is different
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New retail space in Oslo Facades and area Layout drawings
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Oslo is developing
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Shopping in central Oslo
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About the Olav Thon Group Contact information
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Norway is different Norway is in the midst of its fastest ever population growth, in percentage terms the fastest in Europe. Unemployment is low: only 3%. Steady growth in real incomes combined with long-term low interest rates are increasing buying power. The Norwegian economy is oil-based and the state has sound long-term finances. All of this makes the Norwegian consumer attractive to foreign concepts and brands.
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WHY NORWAY? • Norway’s population 5,032,565 as at 01.09.2012. Estimated to reach 6 million by 2030 • Norway has the lowest unemployment in Europe, just 3% as at May 2012 •
5% growth in retail trading from 2001-2009
• Consumption per head of population in 2011 is one of the highest in Europe at NOK 193,026 / Euro 27,575
WHY OSLO? • Oslo has 618,378 residents in 2012, which will probably increase to 832,000 by 2040 • 1,717,900 people live within 100 kilometres of the centre of Oslo; that is 35% of Norway’s population! • Sales in Oslo in 2011 amounted to about NOK 47 billion/Euro 6.7 billion. This is a growth of 3.2% over 2010 (figures include all sales, excluded motor and service sales)
WHY KARL JOHAN QUARTER? • The property is located in Oslo’s number 1 shopping street • 150,000 people pass through Oslo Central Station every day, many of them passing the property as they walk along Karl Johans gate to and from work • 160,000 people commute into Oslo every day • Tourists visiting Oslo from July 2011 to July 2012 totalled about 2,009,000 (bed night statistics)
Karl Johan
Figures and statistics have been obtained from Statistics Norway. Figures for Oslo Central Station were provided by Rom Eiendom.
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NEW R ETAIL SPACE I N OSLO
The Olav Thon Group rebuilds the Karl Johan Quarter (Karl Johans gate 6b) which is situated in the pedestrian zone in Oslo`s parade street. The properties Karl Johans gate 6b and Dronningens gate 34 is totally rehabilitated, while Dronningens gate 32 is demolished and replaced by a new building.
T
he quarter which is located right opposite the Arkaden Shopping Centre offers business premises comprising a total area of 2.460 sqm. The area can be divided into 2-3 units, and is suitable for most types of concepts. This is a unique opportunity for retailers looking for an optimum location on Oslo’s best shopping street. Several well-known concepts have already been established, and there are many more due to arrive in the area. The 2nd floor and above in the property will contain residential suits, and ground floor and 1st floor will be retail space.
Karl Johan
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Expected completion is March 2013.
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• Neighbour of Arkaden Shopping Centre, which has many young and urbane concepts • Plenty of life in the area: cafes, restaurants and bazaars in Kirkeristen • Karl Johans gate is the major artery between Oslo West and Oslo East • Only 2 minutes’ walk to Oslo Central Station Karl Johan
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Karl Johan
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Dronningensgate
Karl Johans gate Lower part
Upper part
Karl Johan
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Skippergata
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Expected completion is March 2013
• Possibility for several entrances
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KARL J OH A N S GATE – A RTE RY B ETWEEN OSLO WEST A N D T HE NEW OSLO EA ST
O
ur property at Karl Johans gate 6b is situated in the lower part of Oslo’s main street, directly opposite the Arkaden shopping centre. This part of Oslo city centre is a gateway to Bjørvika, the new city within a city. There will be around 5,000 residential units, approx. 20,000 new jobs (primarily within finance) and several restaurants and cultural attractions in the new city, all within a 5 minute walk of the lower part of Karl Johans gate. The new Opera House in Bjørvika is already a major attraction and both tourists and local inhabitants find their way to Bjørvika to take a look. Oslo Central Station, which is situated between Bjørvika and Karl Johans gate, is Oslo’s main traffic hub with trains/airport express trains, Oslo Metro, trams and buses. Thousands of people pass through here daily.
Karl Johan
Another area adjacent to Karl Johans gate is Kvadraturen. Here you will find several shops, restaurants, hotels and residential dwellings that have made the area more attractive.
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Illustration by Mir arkitektur AS Karl Johan
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Most of the major retail chains are represented in Oslo ata city g r to centre, as well as Sniche shops and specialist shops. In recent years, high-end shops such as Luis Vuitton, Hugo Boss and Hermes have found their way to Oslo city centre.
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Why l e a s e from th e O l av Thon G ROU P?
• Norway’s largest private property owner • Owns 450 properties in Norway and 25 abroad • Has been in business for more than 60 years • Owns 6 of Norway’s 10 largest shopping centres • Had sales of NOK 7.5 billion in 2011 and at year end employed 2,939 people (FTEs)
Karl Johan
• Annual rent income from retail premises in 2011 was approximately NOK 2,320 million, which is 61% of the Groups’ total rent income. Just under NOK 2,120 million of this comes from shopping centres
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• Other retail property generates just over NOK 200 million
T
hon Eiendom is the property division in the Olav Thon Group, and is one of Norway’s primary suppliers of business premises and retail premises. The largest proportion of the properties is located in Oslo city centre. The Olav Thon Group also has other well-sited properties in the Oslo area, in addition to centrally located properties in other cities in Norway and abroad. The group also owns and operates hotels, restaurants and retail outlets.
INTERESTED IN BUSINESS PREMISEs IN KARL JOHAN QUARTER? Contact Property Manager Ha lvo r Ă˜ ste r l i
www.olavthon.no
Olav Thon Gruppen Stenersgata 2, P.o.Box 489 Sentrum N-0105 Oslo, Norway. Tel.: +47 23 08 00 00
Karl Johan
Tel.: +47 23 08 01 10 Mobile: +47 926 97 688 E-mail: halvor.osterli@olavthon.no
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Karl Johan Quarter N e w R e ta i l S pa c e , O s l o / N orway
www.olavthon.no