Bonava Sells 71 Rental Apartments in Berlin

Sweden Sweden Bonava is selling a residential project in Berlin, Germany, to the housing company Gewobag. This is the first project sold to Gewobag and consists of 71 rental apartments and four commercial premises. The sale price totals about MSEK 120 (EUR 12M). 

2017-11-23

Share via e-mail

”The development of qualitative and affordable rental units is an important and growing part of our business. This combined with the substantial demand in the German housing market, where an estimated 400,000 new housing units need to be built each year for the next ten years, creates many opportunities for us, and is in line with our strategy to increase our business in the German market,” says Joachim Hallengren, President and CEO, Bonava.
 
Of the 71 rental apartments, 55 apparments are dedicted to Berlins new model for people with lower incomes. The area which Bonava is devloping is a part of Schöneberg and is close to green areas but also to the pulse of the inner city, with Berlin only 20 minutes away by public transport.
 
The project is expected to be handed over to the customer and recognised in profit in the second quarter of 2020.
 




Axel Ohlsson
axel@nordicpropertynews.com




Why Pandox Reject the Swedish Market

Sweden Sweden With the completion of another major British hotel purchase Pandox CEO Anders Nissen tells Nordic Property News why the Swedish market is not an alternative for Pandox at the moment and his views of the European markets.


Corem Acquires from Stendörren

Sweden Sweden Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

Akelius Lowers the Risk

Sweden Sweden Akelius adjusts the finance policy. The new policy highlights the ambition to have a credit rating of BBB+ or better. The credit rating shall be minimum BBB.

Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”

Castellum Sells to Stendörren

Sweden Sweden Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).


Niam Appoints Director

Sweden Sweden Niam has appointed Christian Ekberg Director, Acquisitions.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Willhem Purchases for EUR 46M

Sweden Sweden Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

SBB Acquires Saab Kockum's HQ

Sweden Sweden SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.

”Swedish Companies Act Too Cowardly”

Sweden Sweden Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?