NPRO: Norwegian Property enters into ten-year lease with DNO at Aker Brygge
Norwegian Property has entered into a long-term lease agreement with DNO International ASA ("DNO") for office accommodation in Stranden 1 at Aker Brygge. The lease agreement has duration of ten years from expected takeover in the fourth quarter of 2014. The lease encompasses a total area of approximately 2 400 sqm. Annual rent amounts to NOK 4 250 per sqm and is regulated once a year in accordance with the increase in the consumer price index. Norwegian Property plans an extensive reconstruction and modernization of the buildings at Aker Brygge. This process includes Stranden 1 (