NPRO: Acquiring Snarøyveien 30 in Fornebu
Norwegian Property has today entered into an agreement to purchase Telenor's building at Snarøyveien 30 in Fornebu outside Oslo. This agreement is between NPRO Holding AS and Telenor Real Estate AS, whereby NPRO Holding AS will acquire 100 per cent of the shares in Snarøyveien 30 AS. The takeover will take place during December 2020, after approval has been received from the competition authorities. The agreed gross property value is NOK 5,450 million. Sixty-five per cent of the purchase price will be financed by a 10-year bilateral loan. The group has unsecured property at Aker Brygge