NPRO; Lease contract with DnBNOR at Aker Brygge extended>
NPRO; Lease contract with DnBNOR at Aker Brygge extended
(Thomson Reuters ONE) - Norwegian Property and DnBNOR have agreed to extend the existinglease contract at Aker Brygge until 31.3.2013. The new contract whichis valid from 28.9.2011 encompass an office area of 23.015 sqm and astorage area of 2.428 sqm, where the agreed rental price is 3.300NOK/sqm for office and 1.600 NOK/sqm for storage. The rent is 100%CPI adjusted yearly using the CPI index as of 15.6.2009. Theextension is agreed based upon "as-is" terms, i.e. no investmentobligations for the lessor. The extension implies a yearly rentincrease of about MNOK 10.1 (14,5%) measured by using 2009 figures,to a new yearly total of MNOK 79.8."It is well known that DnBNOR is moving from Aker Brygge to their newheadquarters in Bjørvika when their new headquarters are completed ina few years' time. When entering into this agreement, we wanted tooffer our tenant DnBNOR an extension at an attractive level, where wein return get an even more predictable cash flow for our total officeportfolio through a contract with a very solid tenant. NorwegianProperty's office portfolio has currently a very low vacancy level(less than 1%), but the number of contracts for re-negotiation isexpected to increase somewhat towards 2011/2012. We put off aconsiderable part of this total area to 2013 through this agreement,"says CEO Petter Jansen.For more information, please contact:Petter Jansen, tel. +47 90 09 87 28Aili Klami, COO, tel. +47 95 26 45 55This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 02.07.2009 - 05:56 Uhr
Sprache: Deutsch
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