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Orkla ASA : Corporate Centre and Orkla companies in Sandakerveien to be grouped at a single location



   Orkla ASA : Corporate Centre and Orkla companies in Sandakerveien to be
                         grouped at a single location

Orkla has entered into an agreement with the company Evry to lease office
premises at Nedre Skøyen vei 26 in Oslo.

The purpose is to group most of Orkla's operations in the Oslo area under the
same roof. In the autumn of 2013, Orkla's Corporate Centre and the
headquarters of the Orkla companies Lilleborg, Lilleborg Profesjonell, Nidar,
Sætre, KiMs, Pierre Robert Group and Axellus will be grouped at a single
location. The lease at Nedre Skøyen vei 26 will run until the scheduled
completion of Orkla's new headquarters at Drammensveien 149 and 151.

All in all, the real estate projects entailing the grouping of Orkla
operations in Nedre Skøyen vei and the construction of a new headquarters in
Drammensveien will generate a gain for Orkla, estimated at between NOK 250 and
300 million.

"Concentrating Orkla's Oslo operations at one location is an important factor
in the Group's strategic development. We want to gather as many of our
activities as possible in the Oslo area already now. This will facilitate
greater interaction and exchange of experience across our companies, business
areas and corporate functions," says President and CEO Åge Korsvold.

Work has begun on the process of finding alternative applications and
solutions for Orkla's office premises at Sandakerveien 56.

"We are freeing up office buildings at Sandaker with considerable development
potential. At the same time, we are bringing the Corporate Centre and the
companies together in one place in modern, physically attractive office
premises centrally located in Skøyen. We are certain that this will be a good
solution for the period until our new headquarters is ready," says Korsvold.

Nedre Skøyen vei 26 is a modern, flexible office building with an area of
18,600 square metres. The building has a conference room centre, a large
canteen, a gymnasium with changing rooms and parking spaces for more than 250
cars. The office building is located just a five minutes' walk from the Skøyen
station for buses, trams, trains and the Airport Express Train.

Stabburet's organisation at Mastemyr will not be affected by the move to Nedre
Skøyen vei 26.

Orkla ASA
Oslo, 12 March 2013

Ref.:
EVP Corporate Communications and Corporate AffairsHåkon Mageli
Mobile +47 928 45 828

 

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information contained therein.

Source: Orkla ASA via Thomson Reuters ONE
HUG#1684630
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