Magnolia Bostad sells the first project within the framework agreement with Heimstaden Bostad
Magnolia Bostad has signed an agreement to sell the Ferdinand 9 property in Spånga, Stockholm municipality, comprising 141 residential units, 80 residential care units and a large supermarket at street level. The building will be certified with the Sweden Green Building Council’s Silver certificate. The estimated property value at completion is around SEK 755 million.The project is the first sale within framework agreement signed by Magnolia Bostad and Heimstaden Bostad on 20 June 2018. The framework agreement means that Heimstaden Bostad will acquire housing projects comprising 14 projects