Norway —
Selvaag AS has sold the rental portfolio owned by Selvaag Utleiebolig, including all underlying companies, to KLP. The portfolio consists of 17 projects with approx. 1,000 modern apartments in attractive locations across Greater Oslo and Bergen. The total property value is NOK 3.3 billion, including Mathildetunet in Lørenskog, which will be completed before year-end. This is the largest rental housing (multifamily) transaction ever in Norway.