Oasen

Oasen is one of Olav Thon Group’s principal western Norway retail assets, opened in 1972 in the Karmøy municipality along the E134 corridor in the Rogaland province. The 25,000-sqm regional centre houses approximately 70 stores across two retail levels, anchoring the Haugesund and Karmøy residential catchment that the Rogaland coastal islands and the broader Sunnhordland regional demographic concentrate.

The format combines a Coop supermarket anchor with mid-tier fashion volume across the retail floors and a dining and services cluster engineered for the Karmøy and broader Haugesund metropolitan demographic. International vertical apparel chains, Norwegian specialty retailers, and the accessible-mid-market fashion register populate the tenant lineup at the value-oriented positioning calibrated for the broad demographic across the southern Sunnhordland coastal belt.

The catchment combines the Karmøy and Haugesund residential population with the broader Sunnhordland and northern Rogaland regional demographic that the surrounding Tysvær, Vindafjord, and Sveio municipalities concentrate. The E134 corridor provides direct connectivity from across the Haugesund metropolitan area, with the Karmøy bridges connecting the islands to the mainland providing access from the broader Rogaland coastal residential belt.

Within Olav Thon Group’s portfolio, Oasen complements the larger Lagunen Storsenter southern Bergen flagship and the broader Oslo metropolitan cluster by serving the western Norway Sunnhordland catchment that those properties cannot reach. The asset’s commercial role within the Norwegian retail map is the dominant Karmøy and Haugesund regional, complementing the smaller Haugesund Storsenter pedestrian retail district at the central urban core.