Entra ASA: Sale of Holtermanns veg 1-13 phase 3 completed
Reference is made to the stock exchange release dated 22 March 2024 regarding the signed binding agreement to sell Entra ASA's Trondheim portfolio including the forward sale of the development project Holtermanns veg 1-13 phase 3 upon completion, and subsequent disclosures regarding the acquiring parties.
At Holtermanns veg 1-13 in Trondheim, Entra has developed a new office property totalling approximately 15,500 sqm. The property represents the third and final phase of the development of this land plot.
The project was completed in Q4 2025, and the sale of the completed property to the Norwegian Broadcasting Corporation (NRK) and E C Dahls Eiendom was closed through separate transactions in the same quarter.
The aggregate gross property value across the transactions was NOK 845 million. A gain of approximately NOK 100 million is expected to be recognised in Q4 2025.
Contacts
- Ole Anton Gulsvik, CFO, +47 995 68 520, oag@entra.no
About Entra ASA
Entra is a leading owner, manager, and developer of office properties in Norway. The company owns and manages around 80 properties, totalling approximately 1.3 million square metres, located in the Greater Oslo region, Bergen, and Stavanger. Entra’s tenant base primarily comprises public sector entities and high-quality private tenants on long-term leases. The company's strategy focuses on creating value through profitable growth, being the preferred office provider, and environmental leadership.