Selvaag Bolig ASA

Selvaag Bolig ASA: Land purchase in Sweden

Selvaag Bolig has acquired a property from Järfälla local authority in

Stockholm, and intends to build 250 Pluss homes in Barkarbystaden.

Sales in this project are expected to start as early as 2022, and the company

now has some 600 homes under development in the Swedish capital.

"We have successfully become established in Stockholm," says CEO Sverre Molvik.

"This is our third land acquisition in short order, and we can start sales here

as early as next year.

"We look forward to further growth in Stockholm, which is a natural expansion

area for us. Barkarbystaden is particularly interesting because this one of the

city's largest transformation areas with metro station, 18 000 homes and 10 000

jobs. We're looking forward to offering Pluss homes there."

The trademarked Selvaag Pluss concept offers lifestyle homes for people of all

ages and circumstances, where every resident has access to a service area with

shared facilities.

These include a staffed reception, well-equipped gym, party room, meeting room

and lounge. Hosts are also employed to offer a number of services, and the

concept aims to make daily life simpler for residents.

Selvaag already operates three Pluss projects in Stockholm, at Sädesärlan, Svea

Fanfar and Svea Serenad.

The project in Barkarbystaden is being designed in cooperation with architects

Pörner+Pettersson.

Further information from:

Sverre Molvik, CEO, Selvaag Bolig ASA

Telephone: +47 40 10 05 85, e-mail: [email protected]

Kristoffer Gregersen, executive vice president communications and strategy,

Selvaag Bolig ASA

Telephone: +47 95 77 55 93, e-mail: [email protected]

Selvaag Bolig ASA is a residential property developer controlling the entire

value chain from acquisition of land to sale of homes. The company has several

thousand homes under development at any given time, and focuses on the growth

areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig

represents a continuation of Selvaag's 70-year history and experience. The

company is headquartered at Ullern in Oslo.

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