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The Directorate of Norwegian Customs ("Norwegian Customs") has signed 15-year lease contracts for a total of 17,500 sqm in the properties Strømsveien 96 and Tollbugata 1 in Oslo.
Norwegian Customs is currently letting 100 % of Entra's properties in Schweigaardsgate 15 and Tollbugata 1, totalling approximately 31,500 sqm. The current lease contracts expires 31 December 2020.
Entra has had a long dialogue with Norwegian Customs to find an optimal solution, and the parties have now agreed on the following:
Following the Directorate of Norwegian Customs moving into Tollbugata 1, Schweigaardsgate 15 will be vacated in 2019, two years prior to current contract expiration. Schweigaardsgate 15 has a prime location close to the Oslo Central Station. The property is in need of renovation, and Entra aims to upgrade the property into a modern and efficient office building completed in 2020/2021.
"We are very pleased with the continued long term relationship with Norwegian Customs as one of Entra's core tenants. Our properties in Strømsveien 96 and Tollbugata 1 will be fully let on long leases, and we look forward to offer a high quality office building in Schweigaardsgate 15 to the market" says CEO Arve Regland in a comment.
For further queries please contact: Arve Regland, CEO, tel: +47 479 07 700, email: firstname.lastname@example.org.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Nyheten er levert av GlobeNewswire.