Solon Eiendom ASA : Sales in Q2 2017

Solon Eiendom ASA - Sales in Q2 2017

Oslo, July 3, 2017 - Solon Eiendom sold 68 homes with a total sales value of NOK 685 million during the second quarter of 2017 compared to 32 homes with a total sales value of NOK 177 million in the second quarter of 2016. The company had 257 units under construction at June 30, 2017.

The average price per home for the quarter was NOK 10.0 million, compared to NOK 5.5 million in the corresponding period last year. The increase in average price per home is due to sales for the Bygdøy, Kollentunet and Jegerveien projects.

During the quarter, 4 homes were completed, and 6 were delivered to the buyer.

For further information, please contact:
Andreas Martinussen, Chief Executive Officer, Solon Eiendom ASA
Tel:     +47 400 00 405, email:

Scott Danielsen, Chief Financial Officer, Solon Eiendom ASA
Tel:     +47 952 55 620, email:

About Solon Eiendom
Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region. Solon Eiendom was established in 2006 by founder Simen Thorsen and investor Tore Aksel Voldberg.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Solon Eiendom ASA via GlobeNewswire