Norway’s rent house is being renovated.
It was bought in the middle of last year, by a Swedish company, Kontakt.
Kontakts ownership of the house has been under scrutiny since the beginning.
At the time, it was not clear whether Konta had purchased the building or whether it had been renovated, but the company said the renovations had been carried out by a subcontractor, which has been paid a royalty of around $20,000 per month.
Konta did not respond to a request for comment from the Guardian about the renovations.
The renovation, in which Kontachet is involved, will make the rental house, which is now known as the Norwegian Rent House, the biggest rental in the country.
Konthakt is now selling the property for around $7m.
The Norwegian Renthouse, which opened in the early 1990s, was a rental house for the wealthy and middle class that had a rent-to-own model.
In 2016, the Norwegian government sold the house to a private company for about $13m, and the building is currently being used for an apartment development.
It’s been a long and turbulent decade for the Norwegian rental market, with several new developers trying to get into the market.
A number of other projects have since been cancelled, but there is still plenty of demand for rental housing in Norway, which was the top market for rental homes in 2016.
“It’s a little bit of a problem, but it’s not insurmountable,” says Kontach, who also owns a rental property in the US.
“I think we are in the beginning stages of this transformation.
We are looking for new tenants and we are also looking at new tenants that are able to pay rent.”
The building was previously used as a house for an elderly couple who wanted to make the most of the space.
Kontack said the couple had bought the house on a very tight lease.
“They wanted a big house that was very big and they were looking for a place to live,” he said.
“So they decided to buy it on a tight lease.”
The couple bought the property in November 2016 for $1.8m, with a price tag of $7.2m.
In February this year, Kons group bought the Norwegian property, which had been the biggest rent-house in Norway for some time.
The group sold the building for $7 million to a new owner in November, with the money going to a charity, and to a Norwegian foundation for a charity for children with cancer.
The group said the donation to the Norwegian Cancer Society was an indication of its appreciation for the project.
“We’ve always felt the need to pay back a lot of people, but we have to also repay ourselves and that’s what we’re doing,” Kontacht said.
“For the past four years, we’ve been thinking about renovating the building, and I think that now is the time to do it.”