Part of Skeljungur hf.’s real estate and

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On June 23rd Skeljungur published a notice to the effect that the Board of Directors of the Company had made a decision to assess the advantages of the Company’s future ownership of its real properties, and that the Company would be advised on the matter by Íslandsbanki’s corporate advisory team.

Since that time, work has been in progress on valuating the company’s real estate assets in the metropolitan area of the capital, and also in Westland and Reykjanes.

The Board of Directors of the Company has now made a decision to place following assets in a process of divestment with a view to leasing the properties back (sales and lease back), either in full or in part. These are the following selected assets (note the below list is not exhaustive):

– Austurströnd 7 (Suðurströnd), 170 Seltjarnarnes
– Birkimelur 1, 107 Reykjavík
– Baulan, 311 Borgarnesi
– Brúartorg 6, 310 Borgarnes
– Bústaðavegur 20, 108 Reykjavík
– Dalvegur 20, 201…

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