Bonava sells 64 rental apartments in Schönefeld, Germany
Bonava is selling 64 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 second quarter of 2022.
- The development of affordable and attractive rental apartments is important in our efforts to realise our vision of creating homes and happy neighbourhoods where people have the highest quality of life. We are delighted to finalise another transaction with Bewag in Schönefeld, says Joachim Hallengren, President and CEO of Bonava.
This is the ninth transaction Bonava has conducted with Bewag and the third collaboration in the newly developed residential area “Wohnen am Park” in Schönefeld at the southern Berlin border. Production is expected to start in the first quarter of 2020.
There is substantial demand in the German market, where an estimated 400,000 new housing units need to be built each year over 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
Tel: +46 707 826 374
Fredrik Hammarbäck, Group Head of Press and Public Affairs
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