Magnolia Bostad sells 360 homes in Sundsvall
Magnolia Bostad sells the first phase of the Norra Kajen project in Sundsvall to Heimstaden Bostad. The project involves the development of around 360 residential units of around 21,000 GFA. The estimated property value upon completion will be around SEK 670 million.The sale concerns part of the Norrmalm 3:18 & 4:2 properties in Sundsvall and is part of the framework agreement with Heimstaden, which was signed in June 2018. The project will be developed into a new residential area in Sundsvall. The zoning plan for the entire project came into force in January 2019. A turnkey contract was