Public Property Invest ASA ("PPI") has acquired a property in Skien for a
total property value of NOK 89.7 million. The property is approximately 4,240
sqm and is fully let to Ibsen Theater, which is owned by Vestfold and Telemark
County municipality and Skien municipality. Annual rental income is NOK 6.5
million, with an unexpired lease term of 21 years.
"PPI has a clear strategy to grow by being a leading consolidator of social
infrastructure properties in the Nordics. This specialized property with a
public counterparty on a long lease contract fit our portfolio strategy very
well", says Ilija Batljan, CIO of PPI.
The transaction will be paid in cash and will close on the 25th of April.
Contact
Ilija Batljan
CIO
ilija@publicproperty.no