Baltic Sea Properties

Regulatory Filings • Feb 18, 2022

Baltic Sea Properties AS agrees expansion project of apx. 2,800 sqm with existing tenant

Baltic Sea Properties AS agrees expansion project of apx. 2,800 sqm with existing tenant

Baltic Sea Properties AS has received notification from existing tenant, Oribalt Group, with a request for expansion according to the existing lease agreement. The expansion of the existing pharmaceutical logistic terminal will be approximately 2,800 sqm.

Upon completion, the pharmaceutical logistic terminal will be approx. 9,600 sqm.

The expansion right of the tenant is on similar conditions as for the existing logistic center.

The project budget is approx. mEUR 2.5 and expected handover date will be during Q3 2023.

For more information, please contact:

Lars Christian Berger

CEO

phone: +47 930 94 319

Lcb@balticsea.no

The information in this announcement is subject to disclosure requirements under the EU Market Abuse Regulation and Euronext Growth listing rules.

Baltic Sea Properties AS is a Norwegian real estate company focusing on development and property management in the Baltics. The company is among the Baltics’ leading real estate investors and developers – owning a portfolio of logistics, industrial and retail assets.

Company website: balticsea.no