NPRO: Changes to the board of Norwegian Property ASA

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Kjell Sagstad has informed the chair of the board in Norwegian Property ASA (NPRO) that he wants to resign from the board of the company. 

Sagstad is Senior Director and Chief Investment Officer of the real estate private equity firm NIAM and the manager of NIAM's Norwegian business. Following NIAM's disposal of all NPRO shares, Kjell Sagstad chose to withdraw from the board in September 2019. Sagstad has been a board member in Norwegian Property ASA since April 2016. 

For further information, please contact: 
Merete Haugli, chair of the board, tel +(47) 99 60 7000

Norwegian Property is a focused and fully integrated office property company with properties located in the Oslo area and Stavanger in Norway. The portfolio is characterized by central location and attractive premises high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.

Norwegian Property is listed on Oslo Stock Exchange with the ticker NPRO.