Magnolia Bostad signs land allotment agreement with Örebro Municipality

In May 2015, Magnolia Bostad was awarded a land allocation in the new neighbourhood Södra Ladugårdsängen in Örebro. Now that the land allotment agreement is in place, the project’s next steps –building permits and construction start – can be initiated. The project involves approximately 220 rental apartments and construction is scheduled to start in the second half of 2016.

Örebro Municipality applies a process based on flexible zoning plans, whereby the municipality sets up a requirements specification for the new neighbourhoods based on the municipality’s quality program. Property developers are subsequently invited to participate in a pilot study for the project. The pilot study results in a reservation agreement when the property developer has met the requirements set for the project by the municipality.

For more information, please contact:
Fredrik Lidjan, CEO
+46 70 223 43 47, fredrik.lidjan@magnoliabostad.se

Magnolia Bostad develops efficient, attractive and functional residential properties, including rental apartments, tenant-owned apartments and hotels, in attractive locations primarily in Sweden’s growth areas. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's share (MAG) is listed on Nasdaq First North. Erik Penser Bank is the Certified Adviser for the Company. More information is available at www.magnoliabostad.se

Tags:

About Us

Magnolia Bostad AB, CIN 556797-7078 develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden's growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se

Subscribe

Media

Media

Documents & Links