Bli medlem
Bli medlem

Du är här

2020-06-16

Norwegian Property ASA: NPRO: Norwegian Property acquires Veidekke Eiendom together with partners

The Investor Group will together fund NOK 2.6 billion in new equity, and Veidekke Eiendom will be financed with 5.7 billion of debt. The transaction is expected to be completed during September 2020.

At the end of 2019, Veidekke Eiendom had 1,557 apartments under construction and a land bank of about 15,500 units in Norway and Sweden. The main part of the landbank is situated in the largest cities in Norway and Sweden, with an emphasis on Eastern Norway and the Mälardalen.

CEO Bent Oustad states: "The investment is in line with Norwegian Property's communicated ambitions and strategy for growth, and the Group's low LTV is a good platform for investments. We consider this a good opportunity for Norwegian Property to further develop the business in collaboration with industrial and financial partners with whom we can share the development risk. We are very pleased with the acquisition of a company with competent employees and a large site bank with many, well-advanced projects in both Norway and Sweden."

For further information, please contact:

Bent Oustad, CEO
phone +47 480 16 082
e-mail: bo@npro.no

Haavard Rønning, CFO
phone +47 400 20 019
e-mail: hr@npro.no

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.