The facility management company NEAS has signed an agreement with the Australian company Valad Property Group for management of nine properties of which eight are in Stavanger and one in Oslo.
Valad Property Group is an active Australian fund manager with about €9 billion under management. The Group focuses on multi-use properties within office and industrial property.
The agreement is valid until terminated and has start-up on 1 January 2009, with an annual value of about NOK 2 million, exclusive brokerage services and operations.
"Our core business is to increase the return on our investors' investments throught value-added activities and the agreement with NEAS contributes to achieve this," says Arne Christian Landsvik, Manager for Valad in Norway.
"We are of course very satisfied with the fact that a considerable company like Valad has chosen our services for management of their properties. This also contributes to strengthening our position and growth in the Stavanger area," says Tor R