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Storm Real Estate ASA (STORM.OL)

STORM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Storm Real Estate Q4 total operating result swings to loss $2.8 mln
Tuesday, 14 Feb 2017 02:30am EST 

Storm Real Estate Asa : Q4 rental income $1.6 million versus $2.2 million year ago .Q4 total operating loss $2.8 million versus profit $5.4 million year ago.  Full Article

Storm Real Estate: termination of lease from anchor tenant
Thursday, 13 Oct 2016 03:00am EDT 

Storm Real Estate ASA : Says has received notice from LLC Gazprom Tsentrremont, the anchor tenant in the Gasfield building since 2009, to terminate the lease .Tenant has requested to vacate at end of Q1 2017.  Full Article

Storm Real Estate Q2 total operating result swings to profit $572,000
Friday, 12 Aug 2016 02:30am EDT 

Storm Real Estate ASA : Q2 rental income $1.6 million versus $2.9 million year ago .Q2 total operating profit $572,000 versus loss $7.6 million year ago.  Full Article

Storm Real Estate Q1 pre-tax loss narrows to $2.1 million
Thursday, 26 May 2016 02:45am EDT 

Storm Real Estate ASA : Q1 rental income $1.4 million versus $2.7 million year ago .Q1 pre-tax loss $2.1 million versus loss $3.6 million year ago.  Full Article

Storm Real Estate sells entire shareholding of in TK Developments A/S
Tuesday, 10 May 2016 02:45am EDT 

Storm Real Estate ASA : Sold its entire shareholding of 10,865,175 shares in TK Developments A/S at price of 6.25 Danish crowns ($0.9570) per share .Says total proceeds are 67,907,334 crowns.  Full Article

Storm Real Estate intra-group merger
Friday, 6 May 2016 07:59am EDT 

Storm Real Estate ASA : Storm Real Estate ASA, acquiring parent company, decided to merge with wholly owned subsidiary Tiberton Yard Finance Limited .Merger will be undertaken as a cross border parent- subsidiary merger.  Full Article

Storm Real Estate sells all its shares in TK Development
Wednesday, 4 May 2016 09:40am EDT 

Storm Real Estate ASA:Sold shares in TK Development A/S.Has as of May 4 sold entire holding of 10,865,175 shares in TK Development A/S at 6.25 Danish crowns per share.  Full Article

Storm Real Estate carries out intra-group merger
Friday, 18 Mar 2016 07:15am EDT 

Storm Real Estate ASA:Says the company and its wholly-owned subsidiary Tiberton Yard Finance Limited, have signed a joint merger plan for a merger between the two companies.Storm Real Estate ASA will be the recipient company.  Full Article

Storm Real Estate sells Grifon House in St. Petersburg
Tuesday, 8 Dec 2015 02:40am EST 

Storm Real Estate ASA:Says has via subsidiaries entered into an agreement to sell its shares in Pete Ltd which owns CJSC Grifon and thus the Grifon building in St Petersburg.Total consideration is $13.2 million, which implies a gross property value for Storm Real Estate of $14.1 million , when liquid assets are subtracted and recognized deferred tax is added.Says this is $2.1 million lower than the book values as at Sept. 30.Closing date of the transaction is set to Dec. 15.  Full Article

Storm Real Estate announces intra-group merger
Friday, 18 Sep 2015 09:00am EDT 

Storm Real Estate ASA:Board of Directors of Storm Real Estate ASA, and the wholly-owned subsidiary Tiberton Yard Limited, have in a meeting held on 18 September 2015 signed a joint merger plan for a merger between the two companies, with Storm Real Estate ASA as the recipient company.  Full Article

More From Around the Web

BRIEF-Storm Real Estate: Extension with anchor tenant

* Received notice from LLC Gazprom Tsentrremont, anchor tenant in Gasfield building since 2009, to terminate lease