Aker ASA Enters $212 Million Sale Leaseback on New Oslo Headquarters

Forbes.com / AFX - Oslo, Norway - November 3, 2005

Aker ASA said it has agreed to sell all the shares in its real estate company which owns the property and the building project for a new Aker headquarters, to Naeringsbygg Holding 2 AS for 1.4 bln nkr. Naeringsbygg Holding 2 is owned by the customers of investment company Acta ASA. Aker will book a gain of around 400 mln nkr on the transaction in the fourth quarter.

Aker will rent back the offices for a period 12 years once the building process is completed. Næringsbygg Holding 2 AS has the necessary equity to finance part of the purchase, but the transaction is pending sufficient financing, Aker said. Sphere: Related Content