Magnolia Bostad sells 180 residential units in Göteborg
Magnolia Bostad is selling 180 rental apartments in the new district of Nya Hovås in Göteborg to Heimstaden Bostad. The project consists of around 11,060 m[2] GFA for residential units and around 2,500 m[2] GFA for retail units and a garage. The estimated property value upon completion will be around SEK 450 million.The sale will take place as a corporate transaction and concerns the property Hovås 451: 67. The project is part of the framework agreement with Heimstaden, which was signed in June 2018, has a zoning plan in force and a turnkey contract has been signed with Consto AB.
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