NPRO - insources property management
(Thomson Reuters ONE) -
Norwegian Property has entered into a revised agreement with NEAS implying that
Norwegian Property from 1 May 2011 insources the property management of the
office properties in Oslo. The agreement on property management of the
properties in Stavanger will be effective also after 1 May 2011, but with a 12
months mutual termination clause. Existing agreements on joint services will run
also after 1 May 2011.
The new agreement implies that NEAS current guarantee related to the current
agreements are terminated. For the services rendered Norwegian Property will pay
normal market based compensation.
Norwegian Property's maintenance- and property expenses are expected to be at
current level also going forward. Norwegian Property will pay a termination fee
of NOK 5 million.
Norwegian Property's ambition is to be a fully integrated property company with
high quality in all parts of the value chain. Norwegian Property is in the
process of establishing an organisation for property management to be prepared
for the take over of the operation from NEAS on 1 May 2011. In the transition
period a team consisting of three persons will relocate to Norwegian Property's
offices. The purpose is the secure transformation of competence and a good
service to the tenants during the transition period.
This information is subject to the disclosure requirements according to § 5-12
vphl (Norwegian Securities Trading Act).
For further information, please contact:
Olav Line, CEO, phone +47 48 25 41 49
www.norwegianproperty.no
www.npro.no
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1411199]
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2010 - 14:35 Uhr
Sprache: Deutsch
News-ID 20154
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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"NPRO - insources property management"
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Norwegian Property ASA (Nachricht senden)
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