30.09.2009 - Norwegian property to cut debt, may sell assets as rents drop

From Bloomberg: Norwegian Property ASA, the biggest owner of commercial real estate in Oslo’s main financial district, plans to cut debt and may sell assets to ride out falling rents. “We’re no longer seeking to be such a highly geared company,” Chief Financial Officer Mari Thjomoe said in an interview at her company’s headquarters in Oslo. “At some point we will reach that lower debt level and will hopefully be even more attractive to investors.” ....................Full Article: Source

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