Entra — M&A Activity 2019

Dec 9, 2019

Entra ASA: Agreement regarding development project in Stavanger

Entra ASA: Agreement regarding development project in Stavanger

Entra, OBOS and Camar has reached an agreement with Stavanger Utvikling

regarding development of the area Jåttåvågen Fase 2 ("JF 2"). JF 2 is land plot

adjacent to Hinna Park with an estimated development potential of minimum

205,000 sqm, split on 60 % residential and 40 % office. The zoning and

development of the area has a long-term horizon and is expected to be realized

over the next 25 years. Entra's share of the partnership is 12.5 %. The up-front

payment for Entra's share of the equity is NOK 12.5 million.

For further queries please contact: Sonja Horn, CEO, tel: +47 90 56 84 56,

email: sh@entra.no