Porsgrunn,January 10th 2022 . Reference is made to the stock exchange notice published on2 July 2021 regarding a new lease contract. Skien Brygge Utvikling AS has today signed a firm lease agreement withComfort Hotel Skien Brygge AS for approximately 6,300 sqm in the upcoming development project Skien Brygge. The lease contract will have a duration of 20 years, starting at project completion expected in Q4 2024. Skien Brygge Skien Brygge is a large city development project in the city center of Skien, whereR8 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).
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