(Oslo, 11 January) Block Watne presentation at SEB Enskilda Nordic Small & Mid Cap Seminar, 11 January 2007. 

 

The presentation "The leading residential developer in Norway" is given by Lars Nilsen, CEO Block Watne Gruppen ASA and Ole Feet, CEO Block Watne AS.

 

Ranked as one of Norway's leading residential developers, Block Watne embraces the purchase and development of land as well as the construction and sale of houses to private buyers.

Block Watne has built over 84 000 houses in all, and annually completes 1 000 new houses. 400 of its 600 employees are skilled carpenters working in specialised teams. Each house is built from scratch using well-proven and cost-effective methods developed over many years.

Block Watne has 21 offices around Norway, with the emphasis on attractive residential developments outside the most densely-populated areas. Its 2005 turnover was NOK 1.5 billion.

 

Block Watne AS is a subsidiary of Block Watne Gruppen ASA. Block Watne Gruppen ASA was listed at Oslo Børs in March 2006.

 

Lars Nilsen, president and CEO, Block Watne Gruppen ASA, tel: +47 23 24 60 00

Ketil Kvalvik, chief financial officer, Block Watne Gruppen ASA, tel: +47 23 24 60 42, +47 90 77 13 15