Fastighets AB Balder: Balder acquires property in Norway for 700 MNOK

GÖTEBORG, Sweden--()--Regulatory News:

Balder has today acquired the property that contains Hedmark University College. The majority of the property is rented to the Norwegian state on a 24 year lease. The building was completed in 2010 and has over 8 000 students.

Balder has during the last years explored the Norwegian property market as we already own properties in Denmark, Finland and Sweden. We hope this will be the first step in becoming an important landlord in all Nordic countries.

Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 68,5 billion as of 31 December 2015. The Balder share is listed on Nasdaq Stockholm, Large Cap.

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Contacts

Fastighets AB Balder
Erik Selin, +46 706 074 790
CEO
or
Marcus Hansson, +46 768 369 848
Head of Finance
www.balder.se

Contacts

Fastighets AB Balder
Erik Selin, +46 706 074 790
CEO
or
Marcus Hansson, +46 768 369 848
Head of Finance
www.balder.se