Entra

M&A Activity • Mar 22, 2021

Hinna Park AS acquires Kanalpiren in Stavanger

Hinna Park AS acquires Kanalpiren in Stavanger

22.3.2021 10:00:00 CET | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Hinna Park AS, a company owned 50/50 by Entra and Camar Eiendom AS has signed an

agreement to acquire the property Kanalpiren at Hinna Park in Stavanger for NOK

375 million.

Kanalpiren is located adjacent to our existing management properties at Hinna

Park and complements the existing portfolio providing shared services and

increased flexibility.

The property of 25.900 sqm is 60 % let with an average lease contract duration

of 7 years.

The transaction is expected to close 15 April 2021.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Sonja Horn, CEO, + 47 905 68 456, sh@entra.no

ABOUT ENTRA ASA

Entra is a leading owner, manager and developer of office properties in Norway.

Entra owns and manages around 90 buildings totalling approximately 1.3 million

square meters, located in Oslo and the surrounding region, Bergen, Stavanger and

Trondheim. Entra has a solid customer portfolio with a high proportion of public

tenants. The company's strategy is focused on delivering profitable growth, high

customer satisfaction and environmental leadership

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/400/495/Download%20announcement%2

0as%20PDF.pdf