Date of settlement and possession will be 1 July 2004. The accounted gain for Orkla will be NOK 181 million for the real estate and NOK 7 million for the interest in the car park. The buyer will take over a long-term leasing contract with PriceWaterhouseCoopers (PWC), in addition to several minor leasing contracts.

 

Fearnley Finans has syndicated the property through the company Karenslyst allé 12-14 KS.

 

- Signals have been giving for a while regarding a sale of this property, and we are pleased with the agreement we now have signed, says Kristian Eriksen, Manager of Real Estate in Orkla.