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    R8P   NO0010859689

R8 PROPERTY ASA

(R8P)
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R8 Property ASA : - Agreement to enter new lease contract in development project 'Skien Brygge'

07/02/2021 | 02:01am EDT
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).

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2019 113 M 13,0 M 13,0 M
Net income 2019 48,8 M 5,61 M 5,61 M
Net Debt 2019 1 530 M 176 M 176 M
P/E ratio 2019 -
Yield 2019 -
Capitalization 673 M 77,5 M 77,3 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees 27
Free-Float -
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Managers and Directors
Marianne Lie Independent Director