Public Property Invest has entered into an agreement to acquire 82.6 percent of the capital in Njord Syndicate Bergen Etatbygg, a company that owns the property Strandgatan 229 in Bergen.

The deal is based on a total property value of NOK 330 million. The property covers 8,750 square meters and is fully leased to public authorities. Annual rental income is NOK 26 million.

The deal is financed with debt and own shares.