Magnolia Bostad signs an agreement to acquire land in Nya Hovås, Göteborg

Magnolia Bostad has signed an agreement for the acquisition of land, with the zoning plans in force, in Hovås, Göteborg. Around 180 residential units are planned for the property Hovås 451:67 with around 11,200 sq.m. of GFA.

The acquisition will take place as a corporate transaction and the seller is Veidekke Eiendom. The property is located in Nya Hovås, close to the sea and countryside and close to central Göteborg.

“The property is pleasantly located in Nya Hovås and close to the countryside, and also has good communications. This is one of the first areas we have developed in Göteborg and we are pleased to be part of the successful Nya Hovås urban development project” says Niklas Ohldin, Western Regional Director.

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