Bonava sells 232 apartments in Berlin

Bonava is selling a rental project in Berlin to the property company INDUSTRIA. The transaction encompasses 232 rental apartments and the price amounts to 50 MEUR. The project is expected to be handed over to the customer and recognised in profit during the second quarter of 2021.

- Berlin is growing and we’re part of it, developing affordable homes. The location of this neighbourhood in the Marzahn-Hellersdorf district offers proximity to the city centre, schools and green areas, says Joachim Hallengren, President and CEO of Bonava.

Bonava has already begun preparations for creating the new Märkische Allee neighbourhood, which will include 579 residential units, of which 376 will be rental units.

For more information, please contact:

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

Bonava’s media line
ir@bonava.com
+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: bonava.com

About Us

Bonava is a leading residential developer in Northern Europe that creates homes and neighbourhoods where people have the highest quality of life. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 2,100 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia, Latvia and Lithuania, with net sales of approximately SEK 17 Bn in 2020. Bonava’s shares and green bond are listed on Nasdaq Stockholm.

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