PP 11 Invest AS - forward sale - NOK 310 million

Arctic Securities AS acted as Sole Manager for PP 11 Invest AS in connection with the acquisition of Philip Pedersens vei11, located at Lysaker in Bærum municipality, from NCC Property Development. Philip Pedersens vei 11 is a new office building to be completed ~Q2 2019. Total gross floor area of ~7 900 sq.m, of which ~6 000 sq.m secured against on Nemko on a 15Y lease. The transaction is structured as a forward sale based on a gross property value of NOK 310 million.

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