Íbúðalánasjóður - Company Announcement

The Housing Financing Fund sells 153 apartments

The Housing Financing Fund and BK-eignir ehf. have reached an agreement for the
latter to purchase 153 apartments  from the Housing Financing Fund and was the
agreement signed this evening. Total selling price is ISK 3.740.248.000. 

On December 14th  2015 the Housing Financing Fund offered in an open and
transparent manner 15 groups of apartments for sale. These apartments were
situated in different parts of Iceland. In this instance 5 of these groups are
sold. The total number of apartments in these 15 groups were 504 so in this
sale about 30,4% of the apartments offered for sale are sold.  Agreements for
the sales of further groups of apartments which the Housing Financing Fund has
a binding offer for, will be signed in the next weeks in accordance with the
conditions of the sales. 

The sale of these apartments will have a lasting favourable effect on the
running of the Housing Financing Fund. 

For further information please contact Hermann Jónasson ceo of the Housing
Financing Fund.