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Property sale completed

Kongsberg Gruppen has sold some of the property within Kongsberg Næringspark (Kongsberg Industrial Park) in Kongsberg for the sum of MNOK 265, resulting in a profit of appr. MNOK 125. Kongsberg Gruppen has at the same time entered into a long-term lease agreement with the buyer.

The properties have a rental area of 35.000 square meters with an annual rent of appr. MNOK 25. 38 % of the properties are in use by the Group`s own companies, while 62% is rented out to external tenants.

"The reason for this sale is to release capital for further investments within the core businesses of the corporation - Maritime and Defence, says CEO Jan Erik Korssjøen.