Norwegian Property has entered into an agreement for the sale of Okernveien 9 at Toyen, Oslo. The gross property value is NOK 215 mln (EUR 27 mln). The buyer DTZ Realkapital Corporate Finance will syndicate the property to a consortium of investors. Confirmed satisfactory financing is condition precedent to closing. The transaction is planned to be completed at the end of May 2008.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
