Public Property Invest

PPI acquires Ibsen Theater with 21 years WAULT

Public Property Invest ASA ("PPI") has acquired a property in Skien for a

total property value of NOK 89.7 million. The property is approximately 4,240

sqm and is fully let to Ibsen Theater, which is owned by Vestfold and Telemark

County municipality and Skien municipality. Annual rental income is NOK 6.5

million, with an unexpired lease term of 21 years.

"PPI has a clear strategy to grow by being a leading consolidator of social

infrastructure properties in the Nordics. This specialized property with a

public counterparty on a long lease contract fit our portfolio strategy very

well", says Ilija Batljan, CIO of PPI.

The transaction will be paid in cash and will close on the 25th of April.

Contact

Ilija Batljan

CIO

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