Myresjöhus acquires land in Helsingborg, Sweden

BWG Homes ASA subsidiary Myresjöhus AB has acquired a large land area in the outskirts of Helsingborg, southern Sweden. Most of the land area of 27 hectare, is regulated for residential purposes, and will have capacity for 200 to 250 residential units.

The land has a long-term development horizon, and detailed plans for parts of the area are expected within five years. The land will be used for single-family homes, row housing and apartments.

"The purchase of this land is in line with our objective to develop residential projects on our own and provide attractive housing for our customers. We see a great potential over a long time through this purchase. We have for many years been active in Helsingborg, and experience the municipality as a positive driving force for developing new residential areas to create good growth in the region," comments CEO Mikael Olsson in Myresjöhus AB.

Further information from:

CEO Mikael Olsson, Myresjöhus AB, Tel: +46 70 602 15 77

CEO Lars Nilsen, BWG Homes ASA, Tel: +47 23 24 60 00

About Myresjöhus

Myresjöhus AB is one of Sweden's leading producers of wooden houses. Together with its sister company AB SmålandsVillan approx. 1,100 dwellings delivered annually, through self-developed projects, in partnership with professionals and for customers with their own plot of land. The company has about 45 sale channels all over Sweden. Myresjöhus and SmålandsVillan combined have about 11 per cent market share and had revenues of NOK 1.4 billion in 2010. Myresjöhus and SmålandsVillan are owned by BWG Homes ASA.