Entra ASA : Acquires land plot in Bergen

Entra has acquired a land plot in Lars Hillesgate 25 in Bergen for NOK 53 million. The land plot has a prime location opposite Lars Hilles gate 30 where Entra is developing the property MediaCity Bergen through Entra OPF.

Entra will as soon as possible start a zoning process with an ambition to build a new office property on the land plot, supplementing the project in Lars Hilles gate 30 and further strengthening Entra's position in Bergen. Current zoning allows a new-build of approximately 5,800 sqm but Entra has an ambition to increase this to around 10,000 sqm.

Oslo, 29 April 2016
Entra ASA

For further queries please contact: Anders Olstad, CFO Entra ASA, tel: +47 900 22 559, email: ao@entra.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act


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Source: Entra ASA via GlobeNewswire