Building permit approved for 164 rental apartments in Linköping
On 20 April 2018, Bonava announced the divestment of a rental project in Linköping, Södra Ekkällan, to Bantorget Hyresbostäder, a transaction that was conditional upon the approval of a building permit.
The divestment included 164 rental apartments across four buildings with a sales price of approximately SEK 311 million.
Bonava can now announce that the building permit has gained legal force. The project is expected to be recognised in profit from the first quarter of 2020.
For more information, please contact:
Ann-Sofi Danielsson, CFO and Head of Investor Relations
Tel: +46 706 740 720
Bonava’s media line:
Tel: +46 709 556 654
Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14.5 billion in 2017. Bonava is listed on Nasdaq Stockholm.
For more information about us, visit: bonava.com