Aker Property Group to invest in Public Property Invest and Samhallsbyggnadsbolaget i Norden AB.

Aker Property Group, a real estate company, agreed to invest in Public Property Invest, a Norwegian property company, and Samhallsbyggnadsbolaget i Norden AB, a residential property managers company. Financial terms were not disclosed. "The transaction with PPI aligns with Aker's strategy to concentrate our portfolio on fewer, cash-generative investments. PPI is a solid company with a strong management team, diverse portfolio, and opportunistic growth strategy focused on value-accretive transactions. Its low-risk profile and predictable dividend payment strategy further underscores the strong fit with Aker's plans to increase the real estate exposure over time," Øyvind Eriksen, Aker ASA President and CEO.