Entra to acquire Oslo Areal from Gjensidige and AMF Pensionsforsakring for $1.47bn.

Entra, an owner, manager and developer of office properties in Norway, agreed to acquire Oslo Areal, a Norwegian real estate firm, from Gjensidige, an insurance company, and AMF Pensionsforsakring, a Swedish pension provider, for $1.47bn. “Oslo Areal holds an attractive office portfolio with a project pipeline which is complimentary to Entra’s existing portfolio. We see Oslo Areal as a smaller version of Entra and the company will significantly strengthen Entra’s market position in Oslo. The transaction will create shareholder and tenant values far beyond regular single-asset transactions," Sonja Horn, Entra CEO.