Entra Eiendom – GC Powerlist
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Nordics Teams 2016

Entra Eiendom

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Nordics Teams 2016

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Entra Eiendom

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Since 2013 Hallgeir Østrem, executive vice president legal and commercial, has led the legal team at Entra Eiendom, one of Norway’s leading real estate companies. In a drive to reduce cost and achieve value for money, the team has introduced a new model for the procurement of legal services. One source states that it effectively ‘secures Entra the access to legal competencies which it does not possess internally, but on favourable commercial terms’. In addition to this model, Entra has also seen an entirely new legal and commercial model for the letting out of its flexible and environmentally friendly, high-quality office buildings to public institutions. This unique model has been described as working ‘very well both from a private and a public law perspective, and sets a new standard for such lettings for the whole real estate sector’. The legal support behind this move has allowed the company to leverage its existing assets in another way, effectively providing new revenue streams.

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