The property consists of about 6,000 square meters of retail space and about 4,000 square meters of parking. The buyer is scheduled to take possession of the property on May 28, 2009.
The agreement will generate a profit gain for the ICA Group of NOK 40 million in the second quarter of this year.
“The sale of this property is in line with our strategy to sell fully developed properties,” says Rolf Hansteen, CEO of ICA Eiendom Norge AS.