Bonava acquires land in Babenhausen and plans for 530 apartments
Bonava is acquiring land in Babenhausen, Germany. The site is located in an area where Bonava plans to create a new neighbourhood with around 530 homes. The first housing units are expected to be recognised in profit and transferred to the customer in the second quarter of 2022.- Germany is our largest market and the acquisition in Babenhausen is in line with our strategy to expand further in the German market. We see high demand for affordable housing for people on a normal income, says Joachim Hallengren, President and CEO of Bonava.Babenhausen is located just south-east of Frankfurt.