Magnolia Bostad has acquired land in Ystad for developing housing and a school
Magnolia Bostad has acquired land in Ystad for the development of around 32 800 m2 GFA con-sisting of 450 residential units and a school. The property is located in the residential area of Erikslid in the western part of Ystad.The acquisition is taking place as a corporate transaction and relates to part of Lotsen 1 and to Lotsen 2 and Lotsen 9 properties. The acquisition is conditional on the zoning plan coming into force, which is expected in the second half of 2021. The area is scenic and close to the sea, and is located just under three kilometres from central Ystad where Malmö can be