Public Property Invest ASA ("PPI") has acquired the property Kystveien 30 in
Arendal for a total property value of NOK 57 million. The property is
approximately 2,400 sqm and the main tenants are the Norwegian Coastal
Administration and the Norwegian Food Safety Authority with an average
remaining lease contract duration of 10 years. The annual rent is
approximately NOK 4.8 million. The transaction will be paid in cash and is
expected to close on 9 July 2025.
Contact
Ilija Batljan
CIO
ilija@publicproperty.no