Norwegian Property ASA has entered into an agreement to sell Maridalsveien 323 located in Nydalen in Oslo. The buyer is a company established by Ness, Risan & Partners. Agreed property value in the transaction is NOK 344.7 million (approx. €41.96 million).
The transaction will be completed in the beginning of September in the form of sale of the property owning company with market adjustment for form of ownership. The agreed value is in line with the book value from the second quarter 2014. The property is located in the northern part of Nydalen in Oslo.
The office bulding totals 19,700 m², of which offices comprise 11,600 m² and the rest is related to retail and parking space. The building was built in 2001. The property has no vacancy and annual run rate for rent was NOK 23.8 million (approx. € 2.9 million) at the end of second quarter 2014.
Source: Norwegian Property