Magnolia Bostad sells 454 apartments to SEB’s newly established housing fund Domestica Bostäder III
Magnolia Bostad sells 454 rental apartments on part of the property Uppsala Kungsängen 25:1 (second block of the Senapsfabriken project) to SEB’s housing fund Domestica III. The letter of intent concerning the agreement was signed on December 23, 2015. The sale is made through company transfers at a price of approximately SEK 340 million. The property value at completion will be approximately SEK 1 billion. The deal is conditional upon the buyers’ financing.The property is situated in central Uppsala and the whole neighbourhood is being developed into a residential area. The new homes will