Magnolia Bostad sells around 900 residential units in Karlstad to Trenum
Magnolia Bostad has signed an agreement to sell about 900 homes to Trenum AB. The estimated property value at completion amounts to SEK 1.7 billion. The sale is contingent on the zoning plan coming into force, which is expected to be obtained in June 2020, revenue recognition will take place when the zoning plan comes into force.The sale concerns part of the Tullholmssågen 4 property in Karlstad and consists of 53,500 sq.m. GFA. The property is very attractively located on Tullholmsviken, only a short walk from the city centre and close to both Stadsträdgården (botanical gardens) and water.