NPRO: Takeover of Snarøyveien 30 AS has been completed
Reference is made to the notification sent on 20 October 2020 regarding the purchase of Snarøyveien 30 at Fornebu from Telenor Real Estate AS. The acquisition has been completed today, and Norwegian Property has taken over all the shares in Snarøyveien 30 AS from Telenor Real Estate AS. Gross property value was agreed at NOK 5,450 million. The acquisition is financed with a combination of a 10-year bilateral loan with a mortgage on the property (65% of gross property value), a bond loan with a mortgage on the group's properties at Aker Brygge issued during the quarter and new equity of