Balder to acquire asset buyout partners
·Fastighets AB Balder (Balder) has signed an agreement to acquire Norwegian industrial real estate company Asset Buyout Partners (ABP), a portfolio company of HitecVision ·ABP is a leading independent Norwegian industrial real estate company with real estate assets located in mission critical energy and maritime clusters along the Norwegian coast The deal in briefProperty Value: 9,000 MNOK after deduction of deferred taxNumber of properties: 106 propertiesLettable area and land: 264,000 sqm and 1,781,000 sqm landEconomic occupancy rate: 98 %Average duration of lease