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Second Party Opinion: Norwegian Property Green Bond Framework

We assess Norwegian Property's green bond framework as Light green. Norwegian Property is a real estate company whose business involves development, administration, daily operation, and maintenance of properties. On March 31, 2024, Norwegian Property owned 31 office, commercial, and residential properties in Norway. These are primarily located in Oslo and, measured by rental income, the properties comprise primarily offices, warehouses, and parking (85 %) as well as retail (15 %).

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