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 housingThe 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