Reir Þróun

17.5% shares

Interesting development properties at different stages with a focus on residential properties.

Reir þróun was founded in 2022 by Fasta and SKEL, who have an equal ownership. The company owns interesting development properties at different stages with a focus on residential properties.

Hnoðraholt Garðabær

Construction is starting in Hnoðraholt in Garðabær. The building volume is 24 thousand square meters and the estimated number of apartments is 220. Estimated completion of this project is in the year 2027/2028.

Rental properties - future trends

Four plots of land in the capital area that are currently leased to Orkan. The estimated building volume is 22 thousand square meters. Estimated completion of this project is in the year 2029/2030.

SKEL sold 32.5% of it´s shares in 2023.

1000

Building volume
m2

1

Assets
million ISK

1

Equity value
million ISK (50%)

Portfolio