Regulatory Filings • Mar 3, 2015
Regulatory Filings
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Storm Real Estate ASA - information about rental agreement
Storm Real Estate has via its subsidiary LLC Martex
agreed to adjust the terms for the next year with anchor
tenant LLC Gazprom Tsentrremont.
In line with the market development in Russia it is agreed
a change in rent level for the rental period February 2015
to February 2016.
The change includes a reduction of gross rent of approx
2.2 million USD measured with today's currency rates. In
return it has been agreed increased security, inter alia 6
months' prepayment of rent in addition to the existing
deposit.
This is approximately in line with market rent, which was
the basis for independent valuation of the investment
property as at 31 December 2014.
For further information, please contact:
Erik Mathiesen, CEO
Phone: +44 (0) 207 409 3375
Einar Pedersen, CFO
Phone: +44 (0) 207 409 3369
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