Norwegian property company Entra has announced the acquisition of a three-property strong office portfolio in Oslo for a price of NOK 2.5 mln (€270 mln.
The assets, which provide a total of 61,000 m2 of space, were acquired from listed firm Norwegian Property.
Verkstedveien 1, Verkstedveien 3 and Drammensveien 134 are all located in the Skøyen area of the Norwegian capital and are 95% leased on average with an average remaining lease term of 6,2 years.
The transaction is in line with Entra's strategy to grow in central areas of the largest cities in Norway.
'Entra has a very positive outlook on Skøyen and is pleased to take up a significant position through this acquisition. This central and modern portfolio ticks the boxes for Entra strategically and provides significant portfolio and earnings growth going forward,' said Arve Regland, Entra's CEO.
