Reitir stock: Development and construction units to merge
Published on 11/12/2026 at 00:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSReitir reshapes project operations
- Reitir will combine development and construction under one management structure.
- Birgir Thor Birgisson will lead the merged division, while Gunnar Pall Stefansson joins from Cowi in Iceland.
- The company has scheduled its 2026 annual results for February 15, 2027.
Reitir hf. will merge its development and construction divisions after construction division chief Jon Kolbeinn Gudjonsson asked to leave the company, according to a November 10 announcement published by GlobeNewswire.
One management structure for projects
The reorganization places Reitir's activities from development through construction and maintenance under one management structure. The company said the change is intended to simplify decision-making, use specialist expertise more effectively and support the continued development of its project portfolio.
Birgir Thor Birgisson, previously head of development, will lead the combined division as chief development and construction officer. Reitir is also creating a construction manager position for Gunnar Pall Stefansson, who joins from Cowi in Iceland and has experience with large construction projects.
Next reporting date approaches
Reitir's investor calendar lists the company's 2026 annual results for February 15, 2027. The latest scheduled reporting milestone was the third-quarter 2026 release on November 2, according to the company's investor page.
Reitir corporate update
- Company: Reitir hf.
- Announcement date: November 10, 2026
- Change: Development and construction divisions to merge
- Next scheduled report: 2026 annual results on February 15, 2027
