Norway, June 3 -- Public Property Invest ASA ("PPI") has acquired a portfolio of seven nursing homes for elderly care for a total value of NOK 410 million, which partially will be settled in cash and partially in shares.The properties total approximately 18,230 sqm and are all located in Oslo and the greater Oslo area. Annual rent is NOK 30 million and the properties are fully leased to Skaar Omsorg on a triple net lease contract with a duration of 35 years. The transaction is expected to close on 1 July 2025.
Published by HT Digital Content Services with permission from Pivotal Sources....