Wintershall Norge AS is the main tenant of the building and has called their option to acquire the property.
In addition to the office building, the transaction will also include part of an underground car park.
Wintershall will acquire the property when finalised in Q3 2016.
On expected closing in Q3 2016 the total transaction price is estimated to be around €77M. Book value, when including remaining building cost, is €65M as of 30.06.2015.
Entra will recognise part of the gain as value adjustment in Q3 2015 whilst the remaining will be recognised as income on closing.
Entra and Camar Eiendom in Stavanger Construction
Norway — Gullfaks is a 17,900 sqm office building under construction at Hinna Park in Stavanger. Entra and Camar Eiendom owns the property 50/50 through the joint venture Hinna Park AS.