Its main venue is located at Rosenkrantz' gate 10, and the company is wholly owned by Oslo Municipality.

[1][2][3] The establishment opened as Det Nye Teater on 26 February 1929.

Architects Gudolf Blakstad (1893–1985) and Jens Gram Dunker (1898–1984) were engaged to design the building, creating a neoclassical structure.

From 1994 to 1995, the audience area was upgraded under the direction of the architects Kristin Jarmund and Ola Helle.

[citation needed] In September 1959, Oslo Nye Teater resulted from a merger between Det Nye Teater and Folketeatret, which had operated independently since 1952.