Magnolia Bostad signs agreement to acquire property in Spånga

Magnolia Bostad has signed an agreement to acquire the property Ferdinand 9 in Spånga, Stockholm municipality. The property, located between Bromstensvägen and the Mälaren Line, comprises about 18,500 square meters of gross habitable area. Around 200 residences and a grocery store are planned.

The vendor is KF Fastigheter and the deal is conditional upon the zoning plans coming into force, which is expected in autumn 2018. 

The property is in an area undergoing major changes. The area around the property is an old industrial zone which is now being transformed into a mixed town with housing, offices, shops and other services. The property is close to commuter railway and bus services.

Wigge & Partners is the legal adviser to Magnolia Bostad.

For more information, please contact:
Fredrik Lidjan, CEO Magnolia Bostad
+46 (0)70 223 43 47, fredrik.lidjan@magnoliabostad.se

Marita Björk, IR manager
+46 (0)72 720 00 06, marita.bjork@magnoliabostad.se

Magnolia Bostad AB (publ), CIN 556797-7078 develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden’s growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se 

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Magnolia Bostad AB, CIN 556797-7078 develops new residential properties, including rental apartments and tenant-owned apartments, community service properties and hotels, in attractive locations in Sweden's growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a way that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se

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