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ARTICLES TAGGED WITH "Anders Olstad"

Entra appoints Ole Anton Gulsvik as new CFO

Norway Norway — Entra appoints Ole Anton Gulsvik as new finance director, CFO. He will take office no later than August 1 this year.

Entra struggling on the stock market – cancels dividend for H1

Norway Norway — Norway's largest real estate company Entra is owned by almost three quarters of Balder and Castellum, an investment that has dropped in value since they started investing in the company almost three years ago. The share is now down to levels for which it was last traded in January 2017. Wednesday's Q3 report did not have any significant impact in any direction, but the company's CEO Sonja Horn emphasizes that the company still focuses on strengthening the balance sheet and continues with its divestment program, but they will not sell properties at any discounts.

Entra's CFO Anders Olstad resigns

Norway Norway — CFO Anders Olstad has today informed that he will resign from his position with effect from May 1, 2024. Olstad joined Entra in October 2015 as CFO, and he has had an instrumental role in Entra’s management team and development since then.

Entra Discussing Divestment Target after Credit Downgrade

Norway Norway — Yesterday Entra's credit rating was lowered by Moody's by one step from Baa1 to Baa2. The new rating also has a negative outlook, similar to the previous one. Entra's CFO Anders Olstad tells Nordic Property News that the downgrade has resulted in the company discussing its divestment target.

Out with the Old and the New in Entra's latest Major Divestment

Norway Norway — Entra has sold two properties in Oslo for almost NOK 1.5 billion. The buyer is NREP and the disposals were made at approximately one percent below book value according to Entra. For Nordic Property News, Entra's CFO Anders Olstad talks more about the background to the deal, why the property were sold below book value and what the ambition for their assets looks like going forward.

The Major Investment Challenges Ahead for Entra

Norway Norway — CEO Sonja Horn: “We haven’t seen the effects of the increased construction costs yet.”

Why Entra are Well Prepared for Future Office Challenges

Norway Norway — Entra saw limited effects from covid-19 on their business operations and financials during the second quarter. CEO Sonja Horn tells Nordic Property News how the company successfully navigated through the challenging quarter and why their office diversity makes them well prepared for the future.

Why Entra’s CEO Is Optimistic About the Market Conditions in Oslo

Norway Norway — Sonja Horn, CEO of Norway’s largest listed property company Entra, on the Q3 results and why the company has not been that active on the transaction market the last year.

“The Transaction Market Is Still Strong”

Norway Norway — The largest Norwegian real estate company Entra’s CFO Anders Olstad on their Q1 results, what impact the raise of the Central Bank's key rate has on the Norwegian real estate market and their main targets.