SPDE sells property in Stavanger to Oslo Areal

By A staff reporter 2010-01-12T00:00:00+00:00

Hinna Park AS, a Scandinavian Property Development ASA subsidiary, has entered into an agreement with Oslo Areal AS, regarding the sale of Kanalpiren AS at Hinna, Stavanger. The property comprises approximately 16,000 m[sup]2[/sup] of office space and a parking garage. The transaction is based on a property value of NOK 410 mln (EUR 50.2 mln) . The transaction and settlement will take place in January 2010.

Hinna Park AS, a Scandinavian Property Development ASA subsidiary, has entered into an agreement with Oslo Areal AS, regarding the sale of Kanalpiren AS at Hinna, Stavanger. The property comprises approximately 16,000 m² of office space and a parking garage. The transaction is based on a property value of NOK 410 mln (EUR 50.2 mln) . The transaction and settlement will take place in January 2010.

Pangea Property Partners and SEB Enskilda acted as financial advisors for Scandinavian Property Development ASA.