Entra ASA to buy Fyrstikkalléen 1 property for NOK 2.3 billion

OSLO: Entra ASA is in exclusive negotiations to acquire the property Fyrstikkalléen 1 for approximately NOK 2.3 billion, a news releases said.

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 39,600 sqm and is located in Entra’s existing property cluster at Helsfyr in Oslo.  The transaction is subject to satisfactory due diligence and board approval.

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. https://entra.no