”I am pleased that we can expand our project and development rights portfolio in a prime residential location in Askøy. The acquisition means we are significantly expanding our portfolio in Bergen and is in line with our strategy of developing homes and happy neighbourhoods where people have the highest quality of life,” says Joachim Hallengren, President and CEO of Bonava.

Bonava will gain access to the land during the second quarter of 2017 and is planning to start selling the first homes in 2018.