Bonava sells 74 apartments in Helsinki

Bonava is selling a rental project in Helsinki, Finland, to the investor ICECAPITAL Housing Fund V. The project comprises 74 rental apartments located in the new residential area of Postipuisto, close to Central Park. The project is expected to be recognised in profit in the fourth quarter of 2020.

- With this transaction, we are continuing to contribute to developing well-planned and attractive city districts in Helsinki and thus strengthening our position in the region. The project is aligned with our strategy to develop more rental apartments in Finland, says Joachim Hallengren, President and CEO of Bonava.

This project is located in the residential area of Postipuisto in the northern districts of Helsinki. The area is adjacent to Central Park, close to nature where a wide variety of outdoor activities are available.

For more information, please contact:

Louise Tjeder, Head of Investor Relations

louise.tjeder@bonava.com

Tel: +46 707 82 63 74

Bonava’s media line

ir@bonava.com

Tel: +46 739 05 60 63

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 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.

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