Selvaag Bolig ASA - Sold homes to a value of NOK 830 million
Selvaag Bolig ASA sold 243 homes during the second quarter of 2012 with a combined value of NOK 834 million. The company had 1 059 dwellings under construction at 30 June.
"The solid demand we experienced in the first quarter continued in the second three-month period," reports Baard Schumann, chief executive of Selvaag Bolig.
"We experienced good sales in all our markets, and sold 487 homes with a combined value of NOK 1.66 billion during the first half. We're on target to reach our 2012 goals."
During the quarter, Selvaag Bolig commenced sales in housing projects covering 343 homes. These include the Nydalen, Løren and Mortensrud schemes in Oslo, Vestparken in Akershus and Nyhavn in Bergen.
The company began work on a total of 118 dwellings during the second quarter, when 187 units were completed. Of these, 176 were delivered to buyers.
For further information, please contact:
Baard Schumann, CEO, Selvaag Bolig ASA
Mobile: +47 940 80 000, e-mail: bas@selvaagbolig.no
Baard Schumann, CEO, Selvaag Bolig ASA
Mobile: +47 940 80 000, e-mail: bas@selvaagbolig.no
Haavard Rønning, CFO, Selvaag Bolig ASA
Mobile: +47 400 20 019, e-mail: hroe@selvaagbolig.no
Mobile: +47 400 20 019, e-mail: hroe@selvaagbolig.no
About Selvaag Bolig
Selvaag Bolig ASA is a residential developer that provides different housing concepts to suit aspirations of different households in and around main cities in Norway and over time in selected cities in Scandinavia. The Company's prime focus is the Greater Oslo area, Stavanger, Bergen and Stockholm; areas with large and growing populations. The Company acquires and develops new residential land plots, and controls the entire value chain from acquisition of the land plots to the sale and delivery of the residential units. The Company targets a delivery of 1,500 residential units per year, and has a land portfolio on which it can develop approximately 9,000 residential units. Selvaag Bolig targets broad customer groups through the residential living concepts Selvaag Start, Selvaag Hjem and Selvaag Pluss. The Company is headquartered at Løren in Oslo.
Selvaag Bolig ASA is a residential developer that provides different housing concepts to suit aspirations of different households in and around main cities in Norway and over time in selected cities in Scandinavia. The Company's prime focus is the Greater Oslo area, Stavanger, Bergen and Stockholm; areas with large and growing populations. The Company acquires and develops new residential land plots, and controls the entire value chain from acquisition of the land plots to the sale and delivery of the residential units. The Company targets a delivery of 1,500 residential units per year, and has a land portfolio on which it can develop approximately 9,000 residential units. Selvaag Bolig targets broad customer groups through the residential living concepts Selvaag Start, Selvaag Hjem and Selvaag Pluss. The Company is headquartered at Løren in Oslo.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.