Magnolia Bostad sells 380 residential units in Ursvik
Magnolia Bostad has sold an additional project to Heimstaden Bostad, this time in Ursvik, Sundbyberg’s municipality. The sale is consisting of around 380 residencies, a nursery school, 8 retail premises and 168 garage spaces. The estimated property value at completion will be around SEK 1,0 billion.The sale is taking place as a corporate transaction and refers to the Brygghuset 1, 2 & 3 properties, a total of about 32,970 m[2] GFA. The project has a zoning plan in force and was acquired during the quarter. Revenue recognition will take place during Q2 2020.The area is located in Västra