CORRECTED: Movinn Sverige AB launches forth Swedish market

Movinn Sverige AB is launcing its forth Swedish market in the city of Västerås

Company Announcement nr. 39 - 2024
This company announce contains inside information.
8 January 2024 17.10 (CEST)
 

CORRECTION: There was an error in the dating of Company announcement nr. 38. 

Copenhagen, Denmark - Movinn Sverige AB, a subsidiary fully owned by Movinn A/S, is doing a soft launch into the forth swedish market in the city of Västerås. 
Following the plan to increase the unit number and geografichal market coverage in Sweden, Movinn is set to do a soft launch in Västerås at february 1st. Västerås is an important market due the presence of several large, international companies with a structural need for corporate housing. Movinn Sverige will do a soft launch (8 properties) with the potential to increase the unit number in the short-to-mid term depending on the reception from clients. Managing Director in Movinn Sverige, Johanna Engströmer, has been responsible for the negotiations, client contact and she will oversee the logistics and launch.

Patrick Blok, CEO, states: "Following a positive reception of Movinn in Ludvika, launching Västerås is another good result from swedish management. Västerås is a high demand market that is driven by growing industries within renewable energy, e-commerce and defence manufacturing. It is strategically important for us to be present in these high-demand hubs, as it allows us to cover more ground while servicing our existing clients and strategic partners. We intend to grow our presence in the city further after we have seen a positive reception form the corporate clients in the market".  

Contacts

Patrick Blok
CEO, Movinn A/S
pb@movinn.dk
+45 28940879

Certified Advisor
Per Lönn
Västra Hamnen Corporate Finance AB
ca@vhcorp.se
+46 40 200 250

About Movinn

Founded in October 2014, Movinn A/S has grown to become one of Denmark's leading providers of fully serviced apartments, operating within the PropTech industry and delivering space-as-a-service to mainly large domestic and international corporations and organizations. To stay at the forefront of trends in the real estate and serviced living industry - and to diversify activities - the company has created a house of brands that cover both traditional and emerging client segments.
Inhouse, the company has created a highly integrated value chain and comprehensive tech-products (several software platforms & IoT hardware) to help provide the best possible service and quality to the company's clients and to help scale profitable growth. Movinn has a strong presence in Denmark, covering Aarhus, Odense and Copenhagen (the latter being the largest and primary market), and the company is planning to expand its operations into new European destinations.

Movinn A/S has received approval for admission to trading of its shares on Nasdaq First North Growth Market Denmark under the ticker “MOVINN”.