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Thursday, 21 December 2017

Entra ASA : Sale of Middelthuns gate 29 in Oslo and Tungasletta 2 in Trondheim

Entra ASA    

Published: 16:24 CET 21-12-2017 /GlobeNewswire /Source: Entra ASA / : ENTRA /ISIN: NO0010716418

Entra ASA : Sale of Middelthuns gate 29 in Oslo and Tungasletta 2 in Trondheim

Entra has sold Middelthuns gate 29 in Oslo to Middelthuns gate 29 Holding AS, a company set up by NRP. The transaction is based on a property value of NOK 1.27 bn representing a premium of 7 % compared to book values as of 30 September 2017. The transaction is structured as a sale of shares in the company Middelthuns gate 29 AS. Closing is expected to take place on 28 December 2017.

Entra has sold Tungasletta 2 in Trondheim to Tunga Holding AS. The transaction is based on a property value of NOK 180 million representing a premium of 9 % compared to book values as of 30 September 2017. The transaction is structured as a sale of shares in the company Tungasletta AS. Closing is expected to take place on 31 January 2018.

The transactions are in accordance with Entra's strategy to focus the portfolio on large, flexible office buildings in selected clusters close to public transportation hubs and to divest non-core assets.

For further queries please contact: Anders Olstad, CFO Entra ASA, tel: +47 900 22 559, email: ao@entra.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Entra ASA, Biskop Gunnerus gate 14, Oslo 0185, Norway
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