Entra has sold the property Lervigsveien 32/Tinngata 8 in Stavanger. The property is 6,400 sqm and has been vacant since the Norwegian Mapping Authority moved to Entra's property in Professor Olav Hansens vei in 2015. The buyer is a company controlled by Camar Eiendom AS and Runestad Investering AS. The transaction value is close to current book values. Closing is expected to take place on 30 November 2016.
The transaction is in accordance with Entra's strategy to focus the portfolio on large, flexible office buildings close to public transportation hubs and to divest smaller, non-core assets.
For further queries please contact: Anders Olstad, CFO Entra ASA, tel: +47 900 22 559, email: firstname.lastname@example.org
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.