Inin Group AS: Qben Infra subsidiaries reach 65% sales rate for launched property projects

18 Nov 2024 10:24 CET

18 November 2024 – Team Bygg AS and Holtekilen Bolig AS, both subsidiaries of
Qben Infra AB, which has launched a voluntary share exchange offer directed to
all shareholders in ININ Group AS, today announces that it has reached an
average sales rate of 65 percent for all launched projects in the companies’
respective property development portfolios.

In October alone, Team Bygg and Holtekilen Bolig generated sales revenue of
close to NOK 170 million.
Notably, Team Bygg has pre-sold 64 percent of the apartments at its
Vesthellingen project in Asker, south of Oslo. The Vesthellingen project is a
newbuild project that consists of 22 apartments – 2,000 square metres in total –
plus basement with parking spaces. The successful sale includes a price record
for apartments at Slemmestad in Asker, reaching an average price of NOK 108,000
per square metre for the three penthouse apartments that are part of the
project.

Team Bygg and Holtekilen Bolig are part of the Qben Construction platform and
together manage Qben Infra’s Norwegian real estate development projects.

On 4 November 2024, Qben Infra launched a voluntary share exchange offer at all
shareholders in ININ Group AS. Please see the stock exchange announcements dated
4, 12 and 18 November 2024 for further details.

(ENDS)

For further information, please contact:
Øivind Horpestad, CEO of Inin Group, Tel: +47 910 00 626

About Inin Group AS
Inin Group is a listed investment company operating as an industrial owner with
investments in companies within infrastructure and industry services niches in
the Nordics. The group create value by identifying investment opportunities
within profitable niches with potential for development, consolidation and
growth, working in collaboration with the platform companies to deliver
sustainable growth and superior profitability. For more information, please
visit: www.inin.no

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