Magnolia Bostad enters framework agreement with Heimstaden
As of today, Magnolia Bostad enters a framework agreement with Heimstaden. The framework agreement includes that Heimstaden has agreed to acquire residential projects from Magnolia Bostad with a value of around 9,6 billion SEK. The project portfolio is concentrated to Greater Stockholm and the Öresund region.The project portfolio comprises of 14 projects with around 5,300 apartments. While the cooperation is based primarily on the construction of rental units, the parties have the shared intention of developing a part of the apartments as tenant-owned units. The parties have the right to