Selvaag Bolig ASA: Q3 2017: Land purchase in Oslo and good outlook for results
Selvaag Bolig sold homes with a sales value of NOK 2 867 million in the first nine months of 2017. "The market is substantially quieter than in earlier periods, but our sales have nevertheless been good. We have good homes in the right locations, and great faith in continued good progress. Among other moves, we have therefore entered into an agreement to buy sites associated with the Bjerke Travbane race track, one of the best remaining development plots in Oslo. This acquisition could provide more than 1 500 homes, says CEO Baard Schumann Selvaag Bolig had operating revenues of NOK 1.