Entra ASA : Acquisition of Kristian Augusts gate 13 in Oslo

Entra has signed an agreement to acquire the property Kristian Augusts gate 13 in Oslo for NOK 155 mill. The property is approximately 3,300 sqm and is let on short contracts.

Kristian Augusts gate 13 is located in the Tullin quarter and is adjacent to the properties where Entra will develop the new university building for the Faculty of Law (21,000 sqm) and the new office property in Universitetsgata 7-9 (19-21,000 sqm). The acquisition of Kristian Augusts gate 13 will secure a more comprehensive development of the Tullin quarter and the property has a development potential.

Closing is expected to take place in Q1 2017.

For further queries please contact: Arve Regland, CEO Entra ASA, tel: +47 479 07 700, email: ar@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 OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Entra ASA via GlobeNewswire