Magnolia Bostad has sold a community service property in Borlänge to SBB
Magnolia Bostad has sold a community service property to Samhällsbyggnadsbolaget i Norden AB (SBB). The property includes a residential care home of 54 apartments, care housing consisting of 47 apartments, premises for day care, an office for home services and a nursery school with room for 120 children. In total, the project comprises around 10,000 m[2] of GFA. The estimated property value at completion will be around SEK 335 million.The sale will be a corporate transaction and relates to the Gyllehemmet 2 property in Borlänge. Revenue recognition will take place during Q2 2020. The