Bonava sells 56 rental apartments in Schönefeld, Germany

Bonava is selling 56 rental apartments to the Bewag pension fund in Schönefeld, Germany. The housing units are expected to be recognised in profit and transferred to the customer in the third quarter of 2021. Bonava has already completed around 500 housing units in the area and is currently planning for a further 300.

- It is gratifying to present the eighth joint transaction we have conducted with Bewag, and the second partnership in the newly developed residential area in Schönefeld. Long-term relationships are important for us, says Joachim Hallengren, CEO and President, Bonava.

The rental apartments, in the centre of Schönefeld, constitute the seventh construction phase of the extensive new residential area around Bayangol Park. Production is expected to start in the first quarter of 2020.

There is a substantial demand in the German market, where an estimated 400,000 new housing units need to be built each year for the next ten years. In the spring, Bonava was named Germany’s most active housing developer for the seventh consecutive year according to the market location and analysis company bulwiengesa.  

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 2,100 employees and operates in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14.0 billion in 2018. Bonava’s shares are listed on Nasdaq Stockholm.

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