Wednesday, January 22, 2020

Norad saves rent worth NOK 120m

The Norwegian aid agency Norad has moved a few hundred metres away from the Ministry of Foreign Affairs in downtown Oslo. The new 10-year rental contract reduces Norad’s costs by NOK 120 million over the next ten years. 

Director of the Department for Human Resources and Administration at Norad Henning Stirø says the new contract reduces rental costs for the agency by 30 per cent to NOK 28 million annually.

Earlier Norad was located across the street from the Foreign Ministry at Ruseløkkveien, while it has now moved 500 metres northwest to the former headquarters of Norway’s industrial flagships Norsk Hydro in Bygdøy Allé. The premises have been fully renovated.

“We are utilising the space better and have less common space,” says Stirø to Development Today.