Aurora Eiendom AS (OB:AURA) entered into a share purchase agreement to acquire Buskerud Storsenter in Norway from Citycon Oyj (HLSE:CTY1S) for NOK 1.2 billion on February 7, 2022. In a related transaction, Oslo Opportunity II AS and Vedal Investor AS signed an agreement to acquire Magasinet centre from Citycon Oyj. The consideration will be financed by a mix of bank debt and equity. Buskerud Storsenter has 59 stores and generated a gross turnover of NOK 1.2 billion in 2021. The transaction is estimated to close during Q1/2022. Clarksons Platou Project Finance AS acted as the Aurora Eiendom real estate advisor in the transaction.

Aurora Eiendom AS (OB:AURA) completed the acquisition of Buskerud Storsenter in Norway from Citycon Oyj (HLSE:CTY1S) on February 28, 2022.