Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Entra ASA ( (GB:0R3Y) ) has shared an announcement.
Entra ASA has entered into a 50/50 joint venture with Skanska to redevelop the Christian Krohgs gate 2 property in central Oslo, a 21,200 sqm project located near Oslo Central Station, in a capital-efficient structure that aims to enhance the attractiveness of the area. As part of the deal, Entra will sell a 50% stake in the property-owning company to Skanska at a gross property value of NOK 550 million, slightly above book value, while Skanska assumes the role of turnkey contractor and becomes a key anchor tenant through a new 10‑year lease for about 7,500 sqm that brings the project to 35% pre-let; closing of the transaction, planned for the first quarter of 2026 with project start in the second quarter, remains subject to Norwegian competition authority approval, underlining the project’s significance for both companies’ long-term positioning in Oslo’s office market.
The most recent analyst rating on (GB:0R3Y) stock is a Sell with a NOK102.00 price target. To see the full list of analyst forecasts on Entra ASA stock, see the GB:0R3Y Stock Forecast page.
More about Entra ASA
Entra ASA is a leading Norwegian owner, manager and developer of office properties, with a portfolio of about 80 buildings totaling roughly 1.3 million square metres in the Greater Oslo region, Bergen and Stavanger. Its tenants are mainly public-sector bodies and high-quality private companies on long-term leases, and the company pursues a strategy of profitable growth, being a preferred office provider and maintaining environmental leadership.
YTD Price Performance: -1.33%
Average Trading Volume: 66,707
Current Market Cap: NOK20.58B
Find detailed analytics on 0R3Y stock on TipRanks’ Stock Analysis page.