Brief: Entra - Increase In Construction Costs Creates Temporary Imbalance In Return Calculations

Entra ASA

12/07/2024 06:24

July 12 (Reuters) - Entra ASA  ENTRA.OL :
    * SAYS THE MARKET VOLATILITY CAUSED BY HIGH INFLATION AND
INCREASING  INTEREST RATES HAS REDUCED THE ACTIVITY IN THE
PROPERTY TRANSACTION MARKET OVER THE LAST 2 YEARS
    * SAYS THE SIGNIFICANT INCREASE IN CONSTRUCTION COSTS
CREATES A
TEMPORARY IMBALANCE IN RETURN CALCULATIONS
    * SAYS NEW PROJECTS HAVE BECOME EXPENSIVE RELATIVE TO
EXISTING
STOCK, CAUSING NEWBUILD PROJECTS TO CONTINUE TO BE POSTPONED

Source text for Eikon:  ID:nObit4kbNa 
Further company coverage:  ENTRA.OL 

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