Magnolia Bostad annuls contracts concerning the Huvudkontoret project in Uppsala
The Huvudkontoret project, 90 tenant-owned residential units, consists of a three-dimensional property development that has been acquired by Magnolia Bostad. The buildings are to be constructed upon an existing garage, which will continue to be owned by Bergsporten AB, the seller of the three-dimensional properties. Bergsporten AB has prevented Magnolia Bostad from performing foundation works, which are a prerequisite for the construction of the buildings included in the project. For some time, Magnolia Bostad has attempted to solve the situation, but is now forced to acknowledge that