Magnolia Bostad sells another project within the framework agreement with Heimstaden Bostad, of about 780 residential units in Lund
Magnolia Bostad has signed an agreement to sell the Slipsen stage 1 and stage 2 project consisting of the properties Stora Råby 33:23 and others in Södra Råbylund, Lund municipality. The project involves the development of about 780 residential units of 45,000 sq.m. GFA and production started in December 2019. The estimated property value at completion is SEK 1.4 billion.The project is the second sale within the framework agreement signed by the parties on 20 June 2018. The framework agreement means that Heimstaden Bostad will acquire housing projects comprising 14 projects of about 5,300