Shares in Scandinavian Property Development (SPDE) started trading on Oslo Stock Exchange on Thursday last week. 'This is an important step towards our aim of becoming a leading Scandinavian property development player,' said CEO Stein Haugbro. SPDE was established in 2006 and is managed by Aberdeen Property Investors. The market capitalisation of the company is about NOK 3 bn (EUR 383 mln). The listing was arranged by SEB Enskilda and ABG Sundal Collier. The company's target is a pre-tax Internal Rate of Return of 20% plus over time.
Premium subscriber content – please log in to read more or take a free trial.
