Case study

Future-proofing Grev Wedels plass 9

Situated in the historic Kvadraturen, Grev Wedels plass 9 has walls that tell many stories. The building is now transformed into one of Oslo’s most sought after office spaces.

Property background

The property was built in 1992/93 to house offices and museum for the Norwegian firm Astrup Fearnley.

Astrup Fearnley Museum of Modern Art, opened 9 October 1993 in the award-winning Astrup Fearnley Museum in Grev Wedels plass 9. The architect was LPO architecture and design. 

The museum was created on the initiative and with contributions from Thomas Fearnley's Contribution and Gift Fund, Nils Astrup's Contribution Fund, Heddy and Nils Astrup's Memorial Fund, H. R. Astrup's Foundation and Astrup Fearnley A/S.

In 2012, the museum was moved to a new building on Tjuvholmen.


High environmental ambitions

  • Breeam certification: Excellent (up from "Pass")
  • Energy: class B (up from class D)
  • Innovative solar panel system on the roof
  • Minimum 90% waste separation and max 25 kg of waste per sqm
  • Fossil-free construction period
  • Minimum 30% reduction of deliveries to/from the construction site
  • Must be considered a green investment according to EU taxonomy
  • No chemicals with harmful substances are used in the building

From museum to modern office space

Through an extensive renovation, Storebrand will create a new and innovative commercial building. Timeless materials, a strong identity, good technical solutions and a low climate footprint are elements in the development of a future-oriented office building.

Ongoing refurbishment on top floor at Grev Wedels plass 9. Photo by Einar Aslaksen.




Waste sep.


EU taxonomy

A new standard for green business management

Storebrand is an ambitious developer with a strong drive for a more sustainable society. Grev Wedels Plass 9 is going to be something far more than just a good workplace. The aim is to reuse the existing building and turn it into a new and innovative commercial building, where timeless materials and new, efficient technical solutions will contribute to a low climate footprint.


The project has high environmental ambitions, and aims for an energy reduction of at least 30 percent.

Henrik Tolfsby
Project Manager at Storebrand


Innovation Norway is moving in

Innovation Norway was the first tenant to sign a contract for its headquarter in the building, and a prerequisite was that Grev Wedels Plass 9 becomes a pilot to set a new standard for green business management.

Innovation Norway shall represent innovation and the future. It was therefore extremely important that the office building we are moving to satisfies as many of our needs as possible, says Beatrice Pignatel, Director Acquisitions, Property and Services at Innovation Norway.


Innovation Norway shall represent innovation and the future.

Beatrice Pignatel
Director Acquisitions, Property and Services at Innovation Norway

Property highlights

Glass roof replacement

Solar glass ceiling

The unique PV solar integrated glass roof is replaced to increase energy efficiency.


Reusing thousands of bricks

Instead of replacing with new bricks, the orignials are disassembled, cleaned and re-installed.

Construction site


The construction period is fossil-free. Minimum 30% reduction of deliveries and 90% waste separation.

Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, the fund's risk profile and management fees. The returns can be negative as a result of price losses. There is risk associated with investments in the fund due to market movements, developments in currency, interest rates, economic conditions, industry- and company-specific conditions. Before investing, customers are advised to familiarize themselves with the fund's key information and prospectus, which contains further information about the fund's characteristics and costs.

© Storebrand Asset Management 2023