PropertyEU

SPD sells two development projects at Fornebu

By A staff reporter 2009-03-06T00:00:00

Scandinavian Property Development has entered into a contract to sell two development projects, Fornebu Senter and Arena Handel, near Oslo to Kommunal Landspensjonskasse (KLP). The transaction, which is subject to approval by both boards, is valued at NOK 275 mln (almost EUR 31 mln) with additional earn-out potential of NOK ...

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