NPRO: 4Q 2019 – Strategic acquisitions and divestments increase the profit in the quarter
During the fourth quarter Norwegian Property has acquired Lille Grensen 7 in Oslo City center, situated near by the Norwegian Parliament, Stortinget. The property’s gross value was NOK 710 million. Settlement of the sale of properties at Gardermoen took place as planned in December. The divestment of the remaining 50% share in Badehusgata 33-39 AS in Stavanger was also finalized in December. The transactions are in accordance with Norwegian Property’s strategy to focus the company’s capital to areas with synergies or other comparative advantages. Vinslottet at Hasle opened in fourth