Continued Divestment for Magnolia
Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.
The contractor is Serneke and the construction start is preliminarily scheduled to Q1 2018. Magnolia Bostad will develop and run the project until the apartments are ready for occupancy, which is estimated to take place gradually from Q3 2019 and Q2 2020.
The project is located direct proximity to Arlöv city center and close to Burlöv Center that offers a wide range of services and retail.
The project is drawn by Arkitektlaget i Skåne and will consist of five buildings.
Wistrand were Magnolia Bostad’s legal advisors.