The property is an iconic building in Kvadraturen, on the corner of Rådhusgata and Kongens gate. The building was designed by architect Carl Christian August Michalsen and was built in 1898. Among Michaelsen's other significant works are Oslo Cathedral School, the Student Society in Trondheim, the former Hotel Astoria in Oslo and Sandefjord Church.

"Kongens gate 7 is a property that fits perfectly into our strategy for expanding our property portfolio in Kvadraturen," says CEO of Anthon B Nilsen Eiendom, Peder Chr. Løvenskiold. "It has a good size to be a property in the square, a fantastic architecture and a quality and regulation that provides flexibility for further development."

The property is currently fully leased to Saga Hotell Oslo Central on a contract that expires in 2023.

Akershus Eiendom has been a broker in the transaction. Legal advisers have been Haavind for Anthon B Nilsen Eiendom and Selmer for Oslo Opportunity.