Shares in Arn­ar­land ehf. offered for sale

The owners of Arnarland ehf., Landey ehf., and Fasteignafélagið Akurey ehf., have decided to put all shares of the company up for sale. The company owns a plot of land on Arnarneshálsi in Garðabær known as Arnarland.

The development plan includes a prestigious residential area in Arnarland where up to 451 residential units can be built, totaling approximately 50,000 square meters of residential housing. There is also permission for up to 5,400 square meters of commercial space in the area, though some of the commercial development rights have already been sold by the company.

Arion Bank's Corporate Advisory is managing the sales process, which follows a bidding procedure. Investors who qualify under Act No. 14/2020 on securities prospectuses, or who have received a special invitation from the manager, may participate in the process.

Interested investors are encouraged to contact Arion Bank's Corporate Advisory at arnarland2025@arionbanki.is. Further information about the area and development plans can be found on the company's website: www.arnarland.is.

More about the sales process