Entra has sold the property Kristian Augusts gate 23 in Oslo for NOK 450 million, representing a premium of 26 % compared to book values as of 31 March 2019. The transaction is structured as a sale of shares in Kristian Augusts gate 23 AS and the buyer is Stiftelsen Nasjonalmuseet for Kunst (The National Museum). The National Museum is the current tenant of the property and had an option in their lease agreement to buy the property at pre-determined and contracted terms on which they decided to call. Closing is expected to take place 1 October 2019.
For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559, email: ao@entra.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.