Norway, April 22 -- 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. The transaction will be paid in cash and will close on the 25th of April.
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