Bonava sells 42 rental apartments in Berlin
Bonava is selling 42 rental apartments to the property company Hemsö Fastighets AB in Berlin, Germany. The housing units are part of a retirement home project and are expected to be recognised in profit and transferred to the customer in the first quarter of 2021.- Considering demographic trends, with more seniors in need of affordable housing, we’re pleased that our first transaction with Hemsö in Germany is creating a residential concept for seniors, says Joachim Hallengren, President and CEO, Bonava.There is substantial demand in the German market, where an estimated 400,000 new