Bonava sells project comprising 99 rental apartments in Finland and starts production of 250 housing units in total
Bonava is selling and starting production of a project comprising 99 rental state subsidised apartments in Turku, Finland, to the property company TA-Asumisoikeus Oy. The purchase consideration amounts to approximately EUR 20 M and the project will generate a positive cash flow from the very start. Meanwhile, Bonava is starting production of an additional 150 housing units in the Baltics and Sweden. The starts will be reported as production started units in the fourth quarter 2024.– Market conditions in Finland remain challenging, which is why we are especially pleased to present this