Magnolia Bostad acquires land in Kungsbacka
Magnolia Bostad has signed an agreement with Lindbäcks Boende AB for the acquisition of ready-to-build-on land for the development of around 350 residential units of about 23,000 m[2] of GFA.The property, which is located in the area around Lindens torg in central Kungsbacka, has a zoning plan in force and the acquisition will take place through a corporate transaction. The existing characteristics in Kungsbacka will be preserved through carefully designed buildings well rooted in both older and newer buildings. The new blocks will have varying facades in brick and wood and different floor