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Lands­bank­inn build­ing in Sel­foss sold to Sig­tún Develop­ment

Landsbankinn has accepted the offer of Sigtún Development for the Landsbankinn building in Selfoss, signing a purchase contract today. Four offers were submitted for the building, with Sigtún’s offer being of the highest value.
27 November 2020 - Landsbankinn

The Landsbankinn building in Selfoss was constructed in 1949-1953, following blueprints by Guðjón Samúelsson. The Bank had previously operated out of Tryggvaskáli and Austurvegur 21. The building was put up for sale at the end of October. Four offers were submitted; one was later retracted. The sale price is ISK 352 million. Landsbankinn will rent part of the building for its Selfoss branch until its operation is relocated.

Lilja Björk Einarsdóttir, CEO of Landsbankinn: “The Landsbankinn building in Selfoss is a beautiful house, full of character, and tightly linked to the Bank’s history. Due to changes to banking services, the building is now too large for our operation and it is time for the Bank to relocate to new, more suitable quarters. Sigtún Development is working to shape and build a new town centre in Selfoss and will undoubtedly find an exciting new role for the building.

Leó Árnason, Director of the Board of Sigtún Development: “This purchase is part of our endeavour to redevelop Selfoss and is a testament to our belief in the town’s future potential. The building is an intricate part of Selfoss’ history and image, and a valuable cultural asset. Sigtún Development is cognisant of its preservation value and will emphasise maintaining its dignity for future generations and that its doors will remain open to the people of Selfoss and their guests.”

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