Nordisk Renting enters into strategic partnership with Interwell in Stavanger through acquisition of property

Image: Interwell’s newly built head office and production facility in Stavanger.

Nordisk Renting is growing in Norway with a recently completed property of 26,000 square meters in Stavanger.

The global high-tech company Interwell is selling its newly built headquarters in Stavanger and at the same time signing a new 15-year agreement with Nordisk Renting. The new lease agreement also includes a purchase option to ensure control and long-term cooperation regarding their newly built headquarters and production facility.

Interwell AS develops and delivers high-tech tools and services that are used to improve the efficiency, safety and environmental performance of oil well operations, both during production and at cessation. The company operates in 35 countries and has a strong focus on sustainability.  Nordisk Renting is pleased to be able to offer future investments that Interwell may need, in order to support the company’s focus on its core business. Through the collaboration with Nordisk Renting and Interwell, the company will have the opportunity to consolidate its operations, which were previously spread over seven locations, into an asset fit for purpose and future needs.

The facility is equipped with modern solutions that meet today’s ESG requirements with EPC rating A. Interwell has gathered approximately 350 employees from seven locations to the new facility in Stavanger, which consists of offices, production, logistics and R&D. The strategic location strengthens collaboration and efficiency to key energy hubs and infrastructure at sea. The commercial building is tailored to the tenant and developed in symbiosis with the company.

Nordisk Renting’s call option solution suits us well and we look forward to a long-term and good collaboration. The facility has a strategic location for our operations and a good technical construction and future-oriented standard,” says Thormod Langballe, CEO, Interwell AS. 

We continue our strong growth in Norway with a new customer and a strategic, long-term and energy-efficient real estate asset. This collaboration is in line with our strategy where our role is to be a capital partner to larger companies and public institutions,” says Anna Hallsten, CEO of Nordisk Renting.

Nordisk Renting offers rental solutions for properties to large companies and the public sector in the Nordic region. With our model, customers can release capital while maintaining control over strategically important real estate assets. We take a long-term perspective and offer flexible buyback options, which allows us to adapt to customer needs. The result is a safe, transparent and customer-oriented solution.

For further information, please contact:

Anna Hallsten, CEO, anna.hallsten@natwest.com, +46 72 726 16 72

Jakob Person, Head of Transactions, jakob.persson@natwest.com, +46 72 211 35 31