Movinn Sverige enters new market: Adding Lund (SE) to the geographical coverage.
The launch in Lund is key to the development of our swedish subsidiary. Stockholm and Goteborg is next.
Company Announcement nr. 17 - 2022
This company announcement contains inside information.
29 August 2022.
Copenhagen, Denmark - Today, Movinn has received the final approvals for launching in Lund. The property is located in a prime location in Stortorget, right in the historical city center. There are 11 units in total and it will be a mix of studios and one beds. The Company's coliving product, Movinn Coliving will also be launched in the property - a perfect option for the younger professionals and international students attending the world renowned Lund University.
There property is handed over on the 1st of october and will be put into operations immediately after.
CEO, Patrick Blok, states: "This launch is in line with our long term strategy for Sweden as we are now covering two key markets in the country. It also shows the market, that we are able to effeciently source the desired units internationally, which is an important part of implementing our going-alone strategy in Sweden. The launch is upping our geographical reach, it diversifies our activities further and it obvioulsy provides us with some parralel growth tracks. I would like to thank our local real estate partner for the trust and for an efficient negotiation process. We look forward to a long and mutual benifical relationship".
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”.