Norwegian Property is to issue NOK 2.1 bn (EUR 260 mln) worth of bonds on the Norwegian capital markets to refinance five of its properties, including two acquired as part of a NOK 2.1 bn acquisition in late 2006. The bond issuance is one element of an overall refinancing plan the company in the fourth quarter of 2006.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).
