Magnolia Bostad deepens its collaboration with SBB by forming a JV for the development of 2,550 residential units and the sale of two care homes
Magnolia Bostad and Samhällsbyggnadsbolaget i Norden (SBB) are forming a 50/50 Joint Venture (JV) for the development of investment properties. The JV will acquire four projects consisting of around 2,300 residential units from Magnolia Bostad and one project consisting of around 250 residential units from SBB. Magnolia Bostad is also selling two residential care homes located in Nacka and Östersund to SBB.Magnolia Bostad is selling four projects located in Huddinge, Nacka, Sollentuna and Helsingborg to the JV. The project in Huddinge comprises around 1 800 residential units and the sale is