Brief: Entra To Sell Trondheim Portfolio

Entra ASA

22/03/2024 12:33

March 22 (Reuters) - Entra ASA  ENTRA.OL :
    * SIGNED BINDING AGREEMENT FOR SALE OF THE TRONDHEIM
PORTFOLIO
    * WILL SELL ITS TRONDHEIM PORTFOLIO CONTAINING 13 OFFICE
PROPERTIES TOTALING 187,268 SQM FOR APPROXIMATELY NOK 6.45 BN
    * TRANSACTION IS EXPECTED TO CLOSE ON 31 MAY 2024.
    * SALE OF DEVELOPMENT PROJECT IN HOLTERMANNS VEG 1-3 (PHASE
3) IS
EXPECTED TO CLOSE IN 2026
    * PROCEEDS WILL BE USED TO STRENGTHEN ENTRA'S BALANCE SHEET.
    * AGREED TO SELL ONGOING DEVELOPMENT PROJECT IN HOLTERMANNS
VEG
1-13 (PHASE 3) AFTER COMPLETION

Source text for Eikon:  ID:nObiw0bC0a 
Further company coverage:  ENTRA.OL 

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