Bonava sells 36 rental apartments in Bergen, Norway

Bonava is selling 36 rental apartments in Bergen, Norway, to the property company Fondare. The project is expected to be recognised in profit and transferred to the customer in the fourth quarter of 2021.

- We are continuing to grow in Bergen and see great potential in the Norwegian housing market. Rental apartments account for an important part of our business and this sale is aligned with our strategy, says Joachim Hallengren, President and CEO of Bonava.

Biskopshavn is a well-established neighbourhood that features schools, preschools and a number of recreational options. The residential area is located in Ytre Sandviken close to central Bergen.

For more information, please contact:

Louise Tjeder, Head of Investor Relations
louise.tjeder@bonava.com
Tel: +46 707 826 374

Fredrik Hammarbäck, Group Head of Press and Public Affairs
fredrik.hammarback@bonava.com
Tel: +46 739 056 063

Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,300 co-workers and operates in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 15.5 billion in 2019. Bonava’s shares are listed on Nasdaq Stockholm.

For more information about us, visit: www.bonava.com