Magnolia Bostad signs agreements to acquire land in Borås

Magnolia Bostad has signed agreements to acquire properties in the Bergsäter area near Borås city centre. The company will develop 28,000 square meters of GFA for housing, and a turnkey contract have been signed with Derome for the construction of wooden housing

The acquisitions of the properties Åkermyntan 4,10,13,14 and 18 are being made through three corporate transactions and two property transfers. The deal is conditional on the properties having a zoning plan in force, which is expected to take place in June 2020.

The area is currently used for industrial purposes and the new zoning plan covering the properties will enable residential buildings in the form of apartment blocks, terraced and semi-detached houses, as well as certain service facilities. The buildings will be certified in accordance with the Sweden Green Building Council’s Silver certification. The area is close to a natural green area, the city centre and public transport hubs. It takes only 15 minutes by bike to Borås city centre.

It’s very pleasing that we’re planning our first project in the Borås area, which is an attractive growth region. We intend to build wooden housing that is produced and nearly completed at Derome's prefab factory, which means a shorter construction time and fewer deliveries to the building site. The design of the housing will tie in well with the natural environment,” says Niklas Ohldin, Western Regional Director at Magnolia Bostad.

For more information, please contact:
Niklas Ohldin, Western Regional Director
+46 76 838 00 99, niklas.ohldin@magnoliabostad.se

Marita Björk, IR and Financial Media Manager
+46 
72 720 00 06, marita.bjork@magnoliabostad.se.

 

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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