Capital/Financing Update • Dec 9, 2014
Capital/Financing Update
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Entra ASA: Sale of Skansegaten 2 in Stavanger and St. Olavs gate 4 in Oslo
Entra has sold the property Skansegaten 2 in Stavanger to Tollboden Eiendom
Stavanger AS, a company fully owned by Camar Eiendom AS. The property is 4,379
sqm and the transaction price is NOK 110 million which is close to current book
value in Entra. Closing will take place on 9.1.2015
Entra has also sold the property St. Olavs gate 4 in Oslo to St. Olavs gate 4
AS. The property is 4,100 sqm and the transaction price is NOK 82 million which
is close to current book value in Entra. Closing takes place on 9.12.2014.
The transactions are in accordance with Entra's strategy of growth in the four
largest cities in Norway and to divest non-core assets.
For further queries, please contact:
Arve Regland, CFO
Entra ASA
Tel: +47 479 07 700
Email: [email protected]
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1878498]
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