Magnolia Bostad has signed an agreement to sell 232 residential units in Kalmar
During Q2, Magnolia Bostad has signed an agreement to sell the Kalmar Björnbäret 1 property in Snurrom, Kalmar municipality, consisting of 232 rental units of around 11,000 m[2] of leasable area.The sale takes place as a corporate transaction and the buyer is a company formed by Arctic Securities. On completion, the underlying property value will be SEK 369 million and is in line with the fair value according to the valuation that was the basis for the financial statement for Q1 2020. Construction started in 2019 and the first occupancy was in Q1 2020.The estimated annual rental value,