Public Property Invest - Private Placement - NOK 2935m

Arctic acted as sole manager and financial advisor in the NOK 1 044 million private placement in connection with the establishment of Public Property Invest (“PPI”), a real estate company owning public properties with a value of NOK 2 935 million.

The combined transaction include consolidation and acquisition of SBB i Norden ABs Citizen portfolio, Røynebergsletta, Søebergkvartalet, Offentlige Bygg Namsos, HGF Invest as well as ~33.6% of the shares in Offentlig Eiendom. The transaction comprises 31 properties which are primarily let to public tenants (~90%) with a combined value of NOK 4 735 million of which PPI’s share of the gross asset values are NOK 2 935 million

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