Youngstorget 5

From the news archive

October 2025

Youngstorget 5 sold

Heilo Eiendom has assisted SpareBank 1 Østlandet with the sale of the office property Youngstorget 5 in central Oslo. The buyer is Storebrand Eiendomsfond Norge KS, and the transaction is structured as a sale-and-leaseback comprising 100% of the shares in Youngstorget 5 AS.

Youngstorget 5 is an iconic corner building with façades onto both Youngstorget and Torggata – strategically located a stone's throw from the new Government Quarter. Built in 1898 and comprising 5,279 sq m, the building has undergone several refurbishments and today presents as a modern property. SpareBank 1 Østlandet has at the same time signed a long-term lease securing the bank's presence for many years to come.

In a press release on behalf of the buyer, portfolio manager Andreas Henriksen Lerøy states: "We are a diversified fund across the office, logistics, retail and hotel segments. We are very pleased to increase our office weighting in Oslo with Youngstorget 5. We look forward to working with SpareBank 1 Østlandet and taking over the management of this fine property."