PropertyEU

SPD buys office project near Oslo for EUR 36m

By A staff reporter 2007-09-26T00:00:00

Scandinavian Property Development ASA (SPD) has agreed to acquire the development project K2 in the western outskirts of Oslo. The 28,000 m[sup]2[/sup] office project was acquired for NOK 280 mln (EUR 36 mln) from Telenor Eiendom Holding. The project is estimated to yield an Internal Rate of Return (IRR) of ...

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