25th March 2022: The annual report for 2021 was published today, 2021 was a historic year for R8 Property ASA. A key milestone was reached when the company was listed on Euronext Growth Oslo on 9 June together with a fully subscribed private placement of NOK 75 million. 

There are many highlights from the previous year: Several milestone transactions were completed; the company had 19 per cent growth in value adjusted equity; the sustainable flagship project Slottsfjell Park was launched; the company agreed on increasing the ownership of Evolve to 100 per cent – and last, but not least – R8 Property was listed on Euronext Growth Oslo. 

CEO and founder of R8 Property Emil Eriksrød comments on the results of 2021:

"2021 has been a historic year for R8 Property ASA. A key milestone was reached when the company was listed on Euronext Growth Oslo on 9 June together with a fully subscribed private placement of NOK 75 million. New and renegotiated contracts and positive development for our largest projects, Polymer Exploration Centre in Porsgrunn, Inkognito Park in Oslo and Fornebuveien 1-3 in Bærum, led to increased valuation of our investment properties. This contributed to a historic result with a profit before tax of NOK 111.9 million, well in line with our high growth ambitions. 

Our flex-space provider, Evolve, has also experienced a tremendous and impressive growth the last year, and the company's income and members almost doubled. Evolve is a market leader in its segment and a key driver of R8 Property's ongoing development and growth. 

Environmental footprint, innovation and technology are ever more important features for tenants' decision-making process. With our attractive portfolio of sustainable commercial properties centrally located in urban areas and city hubs in Norway, R8 Property is well-positioned to meet market demand. Going forward, our sustainability focus will become more visible through improved reporting on sustainable projects and properties.  As a first step we are excited to present our first sustainability report this Spring."

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