NPRO: 3Q 2019 – Acqusition of properties, efficient operations and refinancing
Norwegian Property has experienced another quarter with high activity and good demand in the office rental market in Oslo. The company has entered into contracts for NOK 33 million during the quarter. The cost base continues to fall and reflects the high operational activity and the steadily decreasing vacancy in the portfolio. The portfolio of properties in the core areas Aker Brygge and Nydalen was expanded in the third quarter through the acquisition of new commercial units in the Stranden property at Aker Brygge and the purchase of the Gjerdrums vei 3 and Gjerdrums vei 5 in Nydalen.