Norwegian Property (NPRO) said on Monday its board of directors has decided to cease negotiations with the consortium of unnamed buyers regarding the sale of Norgani Hotels. In a statement, NPRO said it plans to maintain ownership of Norgani but added it will continue to investigate disposal possibilities as the company has been contacted by several potential 'attractive' partners and/or buyers of Norgani.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
