Magnolia Bostad sells project within the framework agreement with Heimstaden Bostad, of 116 residential units in Norrköping
Magnolia Bostad has signed an agreement to sell the Björkalund project consisting of the property Föreställningen 1 in Björkalund, Norrköping municipality. The project involves the development of 116 residential units and production started in December 2019. The estimated property value at completion is about SEK 200 million.The project is the fourh sale within the framework agreement signed by Magnolia Bostad and Heimstaden on 20 June 2018. The framework agreement means that Heimstaden Bostad will acquire housing projects comprising about 5,300 residential units from Magnolia Bostad worth