Storm Real Estate ASA is a Norway-based investment company active in the real estate sector. It is engaged in both direct ownership and management of commercial property in Russia and the European Economic Area (EEA) and in indirect ownership by taking positions in other companies through the purchase of shares or commercial papers. As of December 31, 2013, the property portfolio of the Company consisted of two office buildings: Gasfield in Moscow and Grifon House in St. Petersburg, with a total lettable area of approximately 20 000 square metres. Both buildings are let to companies within the oil, gas and pharmaceutical industries. As of December 31, 2013, the Company had nine wholly owned subsidiaries based in Russia and Cyprus, such as OOO Martex, CJSC Grifon, Tiberton Yard Ltd, Tiberton Yard Holding 2 Ltd, Tiberton Yard Finance Ltd, Gasor Consulting Ltd, Pete Ltd, Avonglade Ltd and Storm Real Estate Ltd.