Acquires properties at Skøyen with 44.000 sqm
Norwegian Property ASA (NOTC: NPRO) has entered into a contract with Høegh Invest Eiendom AS for the acquisition of Drammensveien 134 (building 2-6) and 149 ("the Esso-building"). The acquisition price is approximately 1 billion NOK. Norwegian Property ASA will acquire Drammensveien 134 (building 2 - 5), Drammensveien 134 (building 6 - the parking area) and Drammensveien 149 ("the Esso building"). The properties have a total area of approximately 44.000 sqm. Yearly gross rent is currently 59.9 million NOK. The average duration of the lease contracts is 4.9 years. The acquisition