E.C. Dahls Eiendom AS s signed a letter of intent to acquire Trondheim portfolio of Entra from Entra ASA (OB:ENTRA) for approximately NOK 6.5 billion on February 1, 2024. E.C. Dahls Eiendom entered into a binding agreement to acquire Trondheim portfolio of Entra from Entra on March 22, 2024. The portfolio contains 13 office properties totaling 187,268 sqm.

The proceeds will be used to strengthen Entra's balance sheet. The Transaction is subject to customary due diligence and clearance from the Norwegian Competition Authority. The conditions are expected to be lifted and a binding agreement signed by March 22, 2024.

The Transaction is expected to close during Q2 2024. The Transaction is expected to close on May 31, 2024.