Magnolia Bostad and Alecta forms joint owned company that acquires Stinsen shopping center
Magnolia Bostad and Alecta have entered an agreement for the acquisition of the property Stinsen 2 in Sollentuna. Seller is CBRE Global Investors. Magnolia Bostad plans to develop approximately 2,000 appartments on the property. The acquisition is made through company transfers and the purchase price is approximately SEK 700 million.Magnolia Bostad and Alecta pensionsförsäkring, ömsesidigt, acquire the property through a joint company owned in equal parts. The transaction is unconditioned and financed with the buyers’ own funds. Closing is planned for December 2016. Previous owners have