Recreate ASA — Regulatory Filings 2021

Jul 2, 2021

R8 Property ASA – Agreement to enter new lease contract in development project ‘Skien Brygge’

R8 Property ASA – Agreement to enter new lease contract in development project ‘Skien Brygge’

Porsgrunn, July 02th 2021 - Skien Brygge Utvikling AS has agreed in principle to a lease contract with Comfort Hotel Skien Brygge AS for 6,100 sqm in upcoming development project Skien Brygge. The lease contract will have a duration of 20 years, starting at project completion expected in Q4 2024.

The firm lease agreement is expected to be finalized and signed during H2-21.

Skien Brygge

Skien Brygge is a large city development project in the city center of Skien, where R8 Property owns 25% together with Bane NOR Eiendom (50%) and Skien Boligbyggerlag (25%). Once finalized, Skien Brygge will house approximately 450 new appartments, approximately 600 new jobs, 5,000 sqm culture, F&B and retail premises and 21,500 sqm public areas. The development is split into three stages, where the first stage of 20,000 sqm BTA is ongoing.

For further information, please contact:

Emil Eriksrød, CEO

emil.eriksrod@r8property.no

+47 415 22 463

Eirik Engaas, CFO

eirik.engaas@r8property.no

+47 934 99 340

Company in brief: R8 Property ASA is a full-service real estate company focused on the development, ownership and

management of centrally located and sustainable commercial properties.

Visit the company's website at r8property.no (http://www.r8property.no).