Movinn Sverige AB launches third Swedish market

Movinn Sverige AB is launcing its third Swedish market in the city of Ludvika

Company Announcement nr. 32 - 2023
This company announce contains inside information.
21 September 2023 20.00 (CEST)
 

Copenhagen, Denmark - Movinn Sverige AB, a subsidiary fully owned by Movinn A/S, is doing a soft launch into the third swedish market in the city of Ludvika. 
Following the plan to increase the unit number and geografichal market coverage in Sweden, Movinn is set to do a soft launch in Ludvika at october 15th. Ludvika is an important market due the current limited supply and high demand for corporate housing. Movinn Sverige will do a soft launch (5) 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.
Johanna Engströmer states: "Ludvika is an interesting market for Movinn Sverige, as demand is very high and supply remains limited. Ludvika is driving distance from our Stokholm-office and we will be able to partly remotely manage the market from our base in the capital. I expect a lot from Ludvika and in partnership with our real estate partner, the ambition is to grow the portfolio in a controlled way to secure strong unit economics. We are also showing the strategically important clients that when they call, Movinn answers".

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”.