Norwegian Property reports sale of office property, hotel project

Norwegian Property has entered into an agreement to sell a 10,800-m[sup]2[/sup] office property in Oslo for NOK 324 mln (EUR 37 mln), almost EUR 2 mln above the current valuation. The buyer is Arivest AS, a company owned by the Havila Ariel group. The current external financing of the property at Drammensveien 144 will be continued under the new ownership, on renegotiated terms. Oslo-based Norwegian Property said the sale is in line with its strategy to actively develop its portfolio.

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