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Saturday, November 21, 2009 1:36 PM

Scandinavian Property Development ASA

Type: Company
Name: Scandinavian Property Development ASA
First Reported 11/16/2009 - Updated 11/17/2009 - 2 Documents
- Norwegian group Aker Solutions ASA (OSL: AKSO) said today that it will buy the commercial land properties NB2/3 at Hinna Park, Stavanger and the area K2, at Fornebu for NOK366m.The company has exercised an option with Scandinavian Property Development ... [Individual.com - 11/17/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 1 Documents (in Internet & IT)
: Scandinavian Property Development ASA(Millions of Norwegian crowns unless otherwise stated)Latest YearAgoNet Revenue 174.5 743.6EBIT 5.2 -668.2Pretax profit 12.7 -687.1Net profit 21.8 -515.6(Reporting by Krisztina Nagy, Gothenburg, Sweden).Keywords: ... [Forbes.com - 11/06/2009]
First Reported 11/06/2009 - Updated 11/06/2009 - 1 Documents
Scandinavian Property Development's (SPDE) subsidiary Hinna Park Utvikling AS has agreed to sell the residential properties B2 and B3 of approximately 12,390 sqm at area NB4 in Jaattavaagen to Kruse Smith Eiendom AS for MNOK 52. In addition, it is signed ... [HUGIN Online - 11/06/2009]
First Reported 06/25/2009 - Updated 06/26/2009 - 2 Documents
Further to the announcement yesterday regarding the contemplated private placement of up to NOK 700 million (the "Private Placement"), the Board of Directors of has been urged by certain of the shareholders to extend the application period for the Private ... [HUGIN Online - 06/26/2009]
First Reported 06/29/2009 - Updated 06/29/2009 - 1 Documents (in Corporate Deals)
regarding the contemplated private placement in ("Scandinavian Property Development" or the "Company"). Scandinavian Property Development has entered into application agreements with investors undertaking to subscribe for NOK 700 million in the private ... [HUGIN Online - 06/29/2009]
First Reported 07/02/2009 - Updated 07/02/2009 - 1 Documents
As part of the overall restructuring process, ("Scandinavian Property Development" or the "Company"), entered into a conditional amendment agreement to the sale and purchase agreement with Oslo Municipality on 9 June 2009.The amendment agreement has ... [HUGIN Online - 07/02/2009]
First Reported 07/13/2009 - Updated 07/13/2009 - 1 Documents
Reference is made to the notice of the extraordinary general meeting of ('SPDE') to be held on Tuesday 14 July 2009, in which amongst others the board's proposal for a share capital increase in the form of a NOK 700 million private placement will be ... [HUGIN Online - 07/13/2009]
First Reported 07/21/2009 - Updated 07/21/2009 - 1 Documents
Reference is made to the stock exchange notification dated 29 June 2009 regarding the conditional private placement (the 'Private Placement') in ('Scandinavian Property Development' or the 'Company') and the ex-date for the contemplated subsequent offering ... [HUGIN Online - 07/21/2009]
First Reported 07/23/2009 - Updated 07/23/2009 - 1 Documents
Reference is made to the stock exchange notification dated 21 July 2009 regarding the status on conditions for completion of the private placement (the 'Private Placement') in ('Scandinavian Property Development' or the 'Company') and the details of ... [HUGIN Online - 07/23/2009]
First Reported 07/27/2009 - Updated 07/27/2009 - 1 Documents
Reference is made to the stock exchange notification dated 14 July 2009 regarding the extraordinary general meeting held in ("Scandinavian Property Development" or the "Company") and the stock exchange notification dated 23 July 2009 regarding the approved ... [HUGIN Online - 07/27/2009]
First Reported 08/07/2009 - Updated 08/07/2009 - 1 Documents (in Corporate Deals)
Reference is made to the stock exchange notifications dated 29 June 2009, 21 July 2009 and 23 July 2009 regarding the subsequent offering (the "Subsequent Offering") of up to 50,000,000 new shares in ("Scandinavian Property Development" or the "Comp ... [HUGIN Online - 08/07/2009]
First Reported 09/14/2009 - Updated 09/14/2009 - 1 Documents
(SPDE) appoint new CFO Inger Lise Egeland takes on as CFO. (SPDE) has employed Inger Lise Egeland as CFO from 11 September 2009. Egeland has been working in the SPDE since the first of April 2009, on a management-for-hire contract from Price Waterhouse ... [HUGIN Online - 09/14/2009]

Quotes

- "We are very satisfied that we can today confirm the agreement with Oslo Kommune. The agreement is an integral part of the extensive restructuring process the company is currently undergoing. Together with the newly committed equity this agreement enables Scandinavian Property Development to start focusing on the extensive development to take place at Fornebu in the coming years. We would also like to commend Oslo Kommune for its very pragmatic and efficient approach to the renegotiations which allows future settlements to take place along our revised build out plan and revised cash-flow forecasts."
...15,000 sqm of yielding commercial properties. "SPDE is very satisfied with the transactions enabling us to focus upon achieving greater momentum in the development of the residential projects going forward. KLP already owns around 35,000 sqm commercial development potential at Fornebu and also a large residential development area. KLP is and will be a large and important player in the development of the Fornebu area. StatoilHydro's recent announcement to move their headquarter to Fornebu is expected to further lift the profile of the area and strengthen Fornebu's reputation as an attractive commercial and residential location" says CEO Kaare Frydenberg. Closing of the transaction is expected to take place in the beginning of May 2009...

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