Sale of Hurtigruten Group’s real-estate portfolio on Svalbard (NO) to Store Norske Spitsbergen Kullkompani AS (NO) – NOK 690 million

Carnegie acted as financial adviser to Hurtigruten Group in the sale of its real-estate portfolio on Svalbard to Store Norske Spitsbergen Kullkompani. The real-estate portfolio comprises c. 18 000 square meters, including three hotels, office facilities, 40 apartments and two large retail premises. Hurtigruten Svalbard, a fully owned subsidiary of Hurtigruten Group, will continue to operate the three hotels, several bars and restaurants and retail facilities on Svalbard under a lease agreement with Store Norske, in addition to offering a broad selection of unique experiences and excursions. Store Norske has a long history of development and operation of the coal mines and other real estate in Longyearbyen and Svea.
September 2021.