Saga Corporate Finance advised the owners of Mongstad Administrasjon in the sale to EQT Infrastructure
Mongstadbase was established in 1984 as a supply base for Hydro’s (now Statoil) activities on the Norwegian Continental Shelf. The base is strategically located along the coast outside Bergen, supplies about 20 installations in the North Sea and handles over 2500 ship arrivals annually.
Mongstad Administrasjon AS (MA) is the largest property actor at the base and controls approx. 75% of land and buildings on the base. Since the base was established in 1984, there has been significant investments in infrastructure in the area, which today covers a total of about 600,000m2 of developed land, 60,000m2 of building stock and 750m of quay structures.
The acquisition of Mongstadbase will be EQT’s platform investment in supply base infrastructure.