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Investor Presentaiton

Blikastadir is a part of Landey portfolio and is one of the Bank's non-strategic assets (Book value ISK 6.7bn) O 675 44 B 43 Local planning in progress This first phase area is expected to be approximately 30-35 ha. with around 1,200 units, divided between family housing and apartments. A new school will also be constructed in this phase. Our role Arion's development role is to focus on coordination and to ensure leading standards throughout the process. A mix of local and internationally renowned design teams work closely with the municipality. The municipality of Mosfellsbær promotes the importance of nature and a healthy lifestyle in the community. The aim of the design team is to ensure those values through a "nature-based design❞ approach, while pursuing BREEAM Communities certification. Next steps Local plan for this first part of the land is expected to be finalized and approved in the second half of 2025. We are now in the process of exploring multiple options regarding future ownership of the land. 16 1. Blikastaðir - 1st phase
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