Bonava sells 155 rental apartments in Lübeck
Bonava has sold 155 rental apartments in Lübeck, Germany, to the property company INDUSTRIA WOHNEN. The transaction amounts to approximately EUR 45 M. The housing units will be completed in three phases, with the first of these units expected to be handed over to the customer and recognised in profit in the third quarter of 2022.– Germany is a strategically important market for us and the need for affordable housing there remains high. Accordingly, there is healthy demand from investors to invest in rental apartments, as demonstrated by this transaction, says Joachim Hallengren, President