Magnolia Bostad signs agreement on acquisition of land in Borås
Magnolia Bostad has signed an agreement for the acquisition of land in Öresjö Ängar, Borås for the development of residential units and a nursery school, of around 30,000 m2 GFA.Acquisition of part of the property designated Torpa Sjöbo 2:24 will take place as a corporate transaction. The deal is conditional on the zoning plan being in force, which is expected to take place at the turn of 2020/2021. The land is located in a completely new district in Borås, where Magnolia Bostad is planning a residential development in the form of apartments and a nursery school. The area is close to