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NPRO - AGREEMENT TO SELL STORTINGSGATA 6

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Norwegian Property has entered into an agreement to sell Stortingsgata 6 to Deka Immobilien GmbH. Agreed property value in the transaction is NOK 506.5 million, compared to NOK 489.8 million in the most recent valuation as of end of second quarter 2016. The transaction will be completed mid October 2016 in the form of sale of the property owning company.

The sale is in line with Norwegian Property's strategy of active portfolio development, and the transaction underpins the values of the company's property portfolio. No employees are part of the transaction.

Key numbers for the property:

  • Gross space (sqm) 6,689
  • Run rate gross rents (mnok, Q2) 21

Other key information for the property as of 30 June 2016 are included in the quarterly presentation as of second quarter 2016.

For additional information, please contact:

Norwegian Property ASA
Svein Hov Skjelle, Chief Executive Officer,
phone +47 930 55 566
Email: shs@npro.no

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