Kaldalón agrees to acquire Hólshraun 1 property owner 1717

• Kaldalón agreed to acquire 100% of 1717, owner of Hólshraun 1 in Hafnarfjörður, for a total transaction value of ISK 2.39 billion.
• The property is valued at approximately ISK 2.16 billion net of deferred tax liability; planned improvements total ISK 350 million.
• Samkaup signed a long-term lease covering the entire property, where it will take over operations following its acquisition of Fjarðarkaup.
• The acquisition is expected to add approximately ISK 195 million to annual operating profit, largely reflected in the second half of 2027.
• Closing is expected in late 2026 or first-quarter 2027, subject to Samkaup completing its Fjarðarkaup acquisition and Icelandic Competition Authority approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaldalon hf. published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.