NPRO - Fokus Bank relocates to Aker Brygge

Fokus Bank has chosen Aker Brygge as the future location for a full fledged and customer focused house of finance in Oslo. Fokus Bank will enter a rental contract comprising approximately 6 400 square meters with a duration of 10 years from the expected relocation in January 2014. The rent is agreed on market terms and reflects both the attractiveness of Aker Brygge and the standard of the building after a planned refurbishment. Fokus Bank will be located in one of the four buildings that constitute the current head office of DnB NOR at Aker Brygge. DnB NOR will leave these areas in March 2013, and Norwegian Property plans a major upgrade of the property in order to offer modern functionality, space efficiency and environmental friendly offices. Parts of Fokus Bank's organisation is today located in Stortingsgaten 6, which is also owned by Norwegian Property. The lease contract for this property will be renewed on current terms from January 2013 to the expected relocation to Aker Brygge in January 2014.  "We have great ambitions for the future development and revitalisation of Aker Brygge. Aker Brygge has one of the best locations in Oslo, with proximity to public transportation and parking areas below the ground. Aker Brygge also offers one of Oslo's most attractive office locations, with a unique combination of offices, shops, restaurants and residential areas. We are very pleased to welcome Fokus Bank to Aker Brygge. With this contract Norwegian Property will secure a long term lease for more than 25 per cent of the areas DnB NOR is leaving in 2013," says CEO Olav Line. For further information, please contact: Olav Line, CEO phone +47 48 25 41 49 Aili Klami, Director Leasing and Marketing, phone +47 95 26 45 55 About Fokus Bank Fokus Bank is a brand organised in the Danske Bank Group. Fokus Bank has 41 branches spread throughout Norway with the headquarters based solidly in Trondheim. The Danske Bank Group is one of the leading financial institutions in the Nordic countries. Fokus Bank is the sole provider of financial services offered by the Danske Bank Group in Norway. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Norwegian Property ASA via Thomson Reuters ONE [HUG#1495239]