• Arion Bank launched a sale process on July 10, 2026 for its stake in Blikastaðaland, a major development site in Mosfellsbær.
• The asset spans about 98 hectares, earmarked for a mixed-use residential district under a new zoning framework agreed with Mosfellsbær.
• The bank is seeking financially strong investors with relevant development execution experience to take over the project and continue buildout.

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. Arion banki hf. published the original content used to generate this news brief on July 10, 2026, and is solely responsible for the information contained therein.