Entra Divests in Tromsø

Norway — Entra has sold the property Strandveien 13 in Tromsø to Nordic Investment AS.<br /> The property is 11.560 sqm and the transaction is based on a property value of MNOK 158 (€ 17 M).<br />

2015-12-28

The property value is approximately 5 % above current book values in Entra. The transaction is structured as sale of shares in the company Strandveien 13 AS. Closing will take place in January 2016.

The sale is in accordance with Entras strategy of growth in the four largest cities in Norway and to divest non-core assets.

Nicklas Tollesson

[email protected]