The property is located in the city centre of Stavanger. The property totals approximately 13.600 sqm and is fully let to the Southwestern Police district with a remaining lease of approximately 1.1 yrs (option to extend the lease 5 years on same terms).
Entra plans to develop the asset into an attractive office product together with the current tenant. The transaction is in accordance with Entra's strategy of growth in central areas of the largest cities in Norway. The transaction was completed in January 2021.