Magnolia Bostad Makes Land Acquisition in Borås
Fredrik Lidjan, CEO of Magnolia Bostad. Sweden — Magnolia Bostad has signed an agreement for the acquisition of land in Öresjö Ängar, Borås for the development of residential units and a nursery school, of around 30,000 sq.m GFA. Acquisition of part of the property designated Torpa Sjöbo 2:24 will … Click here to view original …
Magnolia Bostad Sells Residential Units in Gothenburg
Sweden — Magnolia Bostad is selling 180 rental apartments in the new district of Nya Hovås in Göteborg to Heimstaden Bostad. The project consists of around 11,060 m2 GFA for residential units and around 2,500 m2 GFA for retail units and a garage. The estimated property value upon completion … Click here to view original …
Heimstaden, Magnolia and Derome Forms JV
Sweden — Heimstaden AB’s subsidiary, Heimstaden Bostad AB has signed an agreement with Magnolia Bostad AB to jointly acquire land from Derome AB in Kungsbacka, Sweden. Together, the two companies will develop and construct approximately 1,600 apartments with a total area of 100,000 sq.m., subject to regulatory approval. The … Click here to view original …
