Selvaag Bolig ASA

Corporate Details

ISIN(s):

NO0010612450

LEI:

5967007LIEEXZXIHPK59

Country:

Norway

Address:

Silurveien 2, 0380 Oslo

Website:

https://www.selvaagboligasa.no/en/

Sector:

Real Estate

Industry:

Real Estate Management & Development

Description

Selvaag Bolig is a housing development company which controls the entire value chain from acquisition of land to sale of homes. The company offers a broad variety of property types and has several thousand homes under development at any given time. The company focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger, Trondheim and Stockholm. Selvaag Bolig is an industry leader in terms of profit margin, and aims to pay minimum 60 per cent of its annual net profit as dividend. Selvaag Bolig represents a continuation of the 70 years of history and experience accumulated in the Selvaag group, which has built nearly 60 000 homes since 1948. In 2008 Selvaag Bolig was established as a pure housing developer which puts all its construction contracts out to tender. This gives it a great competitive advantage, not least through lower building costs, reduced market risk and more flexible organisation.