Selvaag Bolig ASA: Buys land for 420 homes in Oslo and Stockholm
Selvaag Bolig has acquired three sites in Oslo and Stockholm which can collectively accommodate about 420 homes. The first of these could be ready for sale in 2021-22. “We’ve been selling homes at a rapid pace during the fourth quarter and expect to go on doing so,” reports CEO Sverre Molvik. “Although we have a solid land bank, we’re therefore working continuously to acquire attractive development properties. “That applies particularly in Oslo and Stockholm, which both have a big need for new housing driven by high population growth and urbanisation, as well as insufficient