Magnolia Bostad signs declaration of intent to sell approximately 450 rental apartments

Magnolia Bostad signs a letter of intent with a Swedish institution to sell approximately 450 rental apartments in the Senapsfabriken project in central Uppsala. The apartments have a property value of approximately SEK 1 billion at completion.

The property is situated in central Uppsala and the whole neighbourhood is being developed into a residential area. The new homes will be developed with a clear focus on sustainability and energy efficiency and will undergo environmental certification. Construction start is estimated to take place in Q3 2016.

“This is yet another step in our efforts to strengthen Magnolia Bostad’s cooperation with major Swedish institutions. I see it as proof that we are establishing ourselves as a stable partner in this type of agreement,” says Fredrik Lidjan, CEO of Magnolia Bostad.

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

   
Magnolia Bostad was founded in 2009 with the vision of creating modern homes and residential environments through smart functions and attractive architecture. The company develops new housing, both rental apartments and tenant-owned apartments, mainly in attractive locations in Sweden’s larger cities and regional capitals. We operate with a holistic view that aims to achieve long-term sustainable development for the society at large.
Magnolia Bostad is listed on Nasdaq First North. Erik Penser Aktiebolag is engaged as the Certified Adviser for the Company.
   
More information about Magnolia Bostad can be found at www.magnoliabostad.se

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