Extended lease contract with The Courts of Norway in Lillehammer until 2048

PPI has extended a lease contract with The Courts of Norway for approximately 1,560 sqm in Jul Pettersens gate 2 in Lillehammer. The lease contract has a duration until October 2048.

“This extension is another declaration of confidence from The Courts of Norway, which is one of our largest tenants and a tenant in 11 of our buildings. When the contract expires in 2048 the District Court of Lillehammer will have occupied these premises for 50 years. As a landlord we experience that tenants to a greater extent choose to renew their leases in existing premises. This is fully in line with the development the industry needs to significantly reduce its carbon footprint” says André Gaden, CEO of PPI.