Zirconia completes the 100 percent acquisition of Haugesund’s landmark “Gullhuset” (Haraldsgata 162)

28 November 2025 — Transaction closed
Zirconia’s wholly owned subsidiary Gullhuset H162 AS has completed the purchase of the ground, first and basement floors (approx. 355 m²) in the landmark Gullhuset building at Haraldsgata 162 in central Haugesund.

• Seller: Alginor ASA, which has relocated its head office to Avaldsnes in Karmsund Havn, where its kelp biorefinery is under construction.
• Consideration: NOK 8.5 million (section 9), including all fixtures, fittings and technical infrastructure.
• Broker: Meglerhuset Relé.

Significant recent upgrades (by the seller)
Following its 2021 acquisition of the property company Royal Palm Eiendom AS, Alginor undertook a comprehensive refurbishment of the office floors now acquired by Gullhuset H162 AS:

• ~NOK 18 million invested in a full upgrade of ~355 m² of office space.
• Works delivered by Byggmester Erik Våga (general contractor), in collaboration with Chartered Architect Tor Helge Valen and Interior Architect Caroline Smedsvig.
• Key suppliers included Haugesund Elektriske (electrical), Tor Gismarvik (fireplace & flue), Espen Askeland (stone & tiling), Malermester Erik Selle (finishes), Rørleggerne AS (plumbing) and Vest Ventilasjon (ventilation).
• ~NOK 1.5 million invested in additional furniture and fittings, including deliveries from Hadeland Glasverk, Ekornes, Erik Jakobsen AS, and Senab Eikeland, plus bespoke carpentry by Erik Våga.
• Modern building systems include balanced mechanical ventilation with temperature control, cooling and heat pumps, and fully integrated electronic lighting, HVAC zoning, and access control.

Property context & next steps

• Four modern apartments are located on the building’s fourth floor; the remaining three apartments has been transfered from Alginor ASA on 28 November 2025, for 3.9 mnok.
• After completion of that handover, Gullhuset H162 AS owns 100% of the building, totaling ~655 m².
• The asset forms a mix of Gullhuset H162, a mixed-use hub for offices, ground-floor retail and collaborative meeting spaces in the heart of Haugesund.