Entra

M&A Activity • Jun 14, 2021

Acquisition of Fyrstikkalléen 1 at Helsfyr in Oslo

Acquisition of Fyrstikkalléen 1 at Helsfyr in Oslo

14.6.2021 09:00:00 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Reference is made to the stock exchange release dated 6 May 2021 regarding

exclusive negotiations to acquire Fyrstikkalléen 1 at Helsfyr in Oslo. Entra has

now signed an agreement to acquire the property for NOK 2.4 bn. Fyrstikkalléen 1

is a large, new-built office property completed in 2020 which is fully let to

three public tenants with a 9.4 years WAULT. The asset totals 39,640 sqm and is

located in Entra's existing property cluster at Helsfyr in Oslo. 12 months

rolling rent is estimated to NOK 94,7 million.

Fyrstikkalléen 1 consists of three buildings connected by a common atrium at the

ground floor. It is flexible, built with solid qualities and is certified

BREEAM-NOR Very Good. It was finalized in 2020 and Entra expects to be able to

certify the property BREEAM In-Use Excellent and to qualify for Entra's green

bond framework in the future.

"This is a high quality, modern and flexible office property which is of

strategic interest for us. It has an attractive location in our office cluster

at Helsfyr in Oslo and will further strengthen Entra's position as the leading

property owner, manager and developer. We believe the attractiveness of the area

will increase further going forward, and we see economies of scale from property

management" says CEO Sonja Horn

Helsfyr is a large and well-established office cluster located at a public

transportation hub with only 7 minutes metro ride from the Oslo Central Station.

Helsfyr has become one of the main hubs for public sector tenants in Oslo due to

its excellent access to public transportation. The surrounding area is under

development with a high degree of residential projects in progress, which is

believed to further increase the urban qualities and attractiveness of the

cluster in the future.

Entra owns three properties in the management portfolio totaling 71,000 sqm at

Helsfyr and eight properties totaling 71,000 sqm at the nearby location Bryn.

Entra also has a significant development portfolio at Helsfyr/Bryn totaling

135,000 sqm.

The transaction is expected to close on 25 June 2021.

DISCLOSURE REGULATION

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/16126567/640/852/Download%20announcement%2

0as%20PDF.pdf