Andfjord Salmon Completes $39 Million Sale-Leaseback of Harbor Area Near Kvalnes Site
The Andfjord Salmon Group AS (Andfjord Salmon) recently announced the completed sale-leaseback of the harbor area proximate to its Kvalnes production site in Andøya, Norway, which is currently undergoing a five-stage build-out.
This comes after the stock exchange announcement on February 26 regarding the potential sale- and leaseback of the Kvalnes site.
Per the salmon farmer’s June 19 announcement, all sale and leaseback agreements for the harbor property have been executed, including an 80-year contract at 7.5% yield, adjusted for CPI, making...
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