Olav Thon Acquires Shopping Center in Norway

Norway — Olav Thon Eiendomsselskap has signed letters of intent with Nordea Liv Norge AS and Steen & Strøm AS regarding the acquisition of the company Åsane Storsenter in Bergen, Norway, for approximately NOK 2 billion (EUR 220M).

2016-09-09

The company owns a commercial property of approximately 50.000 square meters in Åsane, around 13 kilometers north of Bergen center. The transaction will be based on a property value of around NOK 2 billion (EUR 220M). The parties aim to complete the transaction within a months time.

Axel Ohlsson

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