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Provider: Reuters Investment Profile

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Selvaag Bolig ASA to Develop Central Area in Sandnes in Cooperation with AVA Eiendomspartner AS and Varner Kapital AS

Thursday, 7 Mar 2013 01:01am EST 

Selvaag Bolig ASA announced that the Company has entered into an agreement to develop a central area in the town of Sandnes south of Stavanger together AVA Eiendomspartner AS and Varner Kapital AS. The part of the site designated for housing could accommodate 450-600 homes. The agreement has been signed following a satisfactory due diligence process with Sandnes Eiendom Invest, the company which owns the development land. Parts of the site will be separated out into a new company where Selvaag Bolig will hold 80% of the shares, and AVA Eiendomspartner AS and Varner Kapital AS will hold 20% of the shares. 

Company Quote

0.4 +2.15%
19 Dec 2014