Norwegian Property ASA has entered into an agreement for the sale of Oksenoyveien 3 at Fornebu, Bærum. The property value is NOK 175 million (approx. 21.8 mln.), which is equal to the current valuation after remeasurement and reclassification of the property area in line with prevailing market standards.
The buyer is HBK Invest AS. The sale is in line with Norwegian Property's strategy to actively develop the portfolio.
The transaction is estimated to be completed during March 2010.