Magnolia Bostad acquires land in Östersund
Magnolia Bostad has signed an agreement with Tegelplan Utveckling to acquire land in Östersund for the development of around 190 residential units of about 11,500 m[2] GFA and around 2,000 m[2] GFA for non-residential premises, including a supermarket.The acquisition of the Rödhaken 6 and 7 properties will take place through a corporate transaction. The property has a zoning plan in force and is centrally located in Östersund by Tegelplan, close to both the university and Östersund's central station.
Östersund has several business initiatives in progress and is an expanding city with a