Magnolia Bostad signs agreement to acquire property in Upplands Väsby

Magnolia Bostad signs agreement to acquire the property Grimsta 5:2 in Upplands Väsby comprizing approximately 21 000 sqm of land located just south of Infra City.

The local plan presently allows for industries and Magnolia Bostad is planning to apply for a local plan which allows for residential development.

The area is today an area of businesses, offices and retail and belongs to a part of Upplands Väsby that will greatly expand over the coming years. The proximity to Stockholm and Arlanda, a good range of trade and services make the area very attractive as a residential area.

The sale will be conducted through company transfers and access will take place on 23 January 2017.

For more information, please contact:

Fredrik Westin, CFO
+46 709 43 73 31, fredrik.westin@magnoliabostad.se 

Mikaela Senator, IR Manager
+46 707 75 57 57, mikaela.senator@magnoliabostad.se 

Magnolia Bostad develops efficient, attractive and functional residential properties, including rental apartments, tenant-owned apartments and hotels, in attractive locations primarily in Sweden’s growth areas. 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 share (MAG) is listed on Nasdaq First North. Erik Penser Bank is the Certified Adviser for the Company. More information is available at www.magnoliabostad.se

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