Magnolia Bostad forms new joint ventures with Heimstaden Bostad and Derome
Magnolia Bostad has signed agreements with Heimstaden Bostad regarding the joint development of land for the construction of apartment blocks next to Hede station in Kungsbacka. The project consists of around 1,600 apartments with a total area of about 100,000 m[2] GFA. The seller is Derome, which will continue to have a large share of land in the total development area after the transaction. In connection with Derome selling the land next to Hede station in Kungsbacka, Heimstaden Bostad, Magnolia Bostad and Derome have signed a agreement regarding a jointly-owned company where the