Philip Pedersens vei 1 is an office building located at Lysaker, in Bærum municipality. The property is fully let to Cisco Systems Norway. The property was built in 2001 and consists of 7 floors, including 2 lower ground floors. Gross leasable area is 14,342 sqm (excl. parking area of 8,422 sqm). The total parking capacity on the property is 313 spaces, including 25 spaces outside. The asset benefits from a strong micro location within walking distance from Lysaker transportation hub and is highly visible from the European Highway, E-18.
Lysaker Office: Strategic location near Norway's third-largest communication hub
Lysaker – a key urban city district for the future
The office cluster at Lysaker has historically been considered an area for the petroleum sector, however in recent years, the tenant mix have become more diversified with IT/communication, construction and consulting engineers as main sectors. Several infrastructure projects are underway, amongst others the new metro and bus line due for completion in 2027 improving connection between the city center of Oslo and Lysaker. Oslo and Bærum municipality have in collaboration identified Lysaker as a key urban city district for the future, and together with Fornebu, is intended to accommodate as much as 40 % of all new residential- and commercial development in the area until 2035.