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Entra ASA ( (GB:0R3Y) ) has provided an announcement.
Entra OPF Utvikling AS, jointly owned by Entra ASA and Oslo Pensjonsforsikring AS, has renewed a lease agreement with Schibsted Media AS for about 3,200 square meters at the Media City Bergen property in Bergen. The new lease term runs for roughly seven years starting in the third quarter of 2027, with Entra continuing to manage the building, reinforcing its role as a long-term property partner for major media tenants and supporting stable future cash flows.
The agreement underpins occupancy at a flagship media and technology hub in Bergen, helping to secure income visibility for Entra and its partner over an extended period. For Schibsted Media, the renewed lease ensures continuity of operations in a strategically important location that hosts significant media activities, highlighting the ongoing attractiveness of Media City Bergen as a cluster for media companies.
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 Norwegian commercial real estate company focused on owning, developing, and managing office properties. Through its jointly owned vehicle Entra OPF Utvikling AS with Oslo Pensjonsforsikring AS, it manages key assets such as the Media City Bergen complex in Bergen, positioning itself as a major landlord for corporate and media tenants in urban hubs.
YTD Price Performance: -1.73%
Average Trading Volume: 78,364
Current Market Cap: NOK20.69B
For detailed information about 0R3Y stock, go to TipRanks’ Stock Analysis page.