Norway, July 9 -- 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.
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