Investor Presentaiton
Blikastadir is a part of Landey portfolio and is
one of the Bank's non-strategic assets
(Book value ISK 6.7bn)
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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.
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1. Blikastaðir - 1st phaseView entire presentation