The purchase price is 2,5 percent below the valuation from September 30th 2014.
Storebrands Eiendomsfond was meant to exit in 2015, but decided in 2012 to extend the fund period with three years. 75 percent of the assets were however meant to be sold before the end of 2015, a goal that has now been achieved.
The remaining ten properties have a value of MNOK 1,652 (€196M). They will now be developed further and sold in 2018 at the latest.
Partners Group is a global investment manager with more than €37 billion under management.
Swiss Investors Make Large Purchase in Norway
Norway — Swiss Partners Group has purchased 30 properties from Storebrand Eiendomsfond at a total value of MNOK 3,709 (€440M).