Entra ASA : Sale of Wergelandsveien 29 ("Litteratu
Post# of 301275
Entra has sold Wergelandsveien 29 in Oslo to the Fritt Ord Foundation. The transaction is based on a property value of NOK 160 million representing a premium of 23 % compared to book values as of 31.03.17. The transaction is structured as a sale of shares in the company Wergelandsveien 29 AS. Closing is expected to take place on or before 30 September 2017.
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: ao@entra.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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