Norwegian Property acquires Drammensveien 144
Norwegian Property ASA has acquired Drammensveien 144 in Oslo for NOK 356 million. This property is fully occupied by a solid lessee on a long-term lease. A favourable financing arrangement is taken over, which means that the investment satisfies Norwegian Property's required rate of return on equity. The property lies in the Skøyen area, where the company already has large holdings. Drammensveien 144 covers some 11 000 square metres and is leased to Hafslund ASA until the end of 2018. The annual rent is about NOK 19 million, subject to an annual adjustment of 2.5 per