Magnolia Sells to Slättö

Sweden Sweden Magnolia Bostad signed an agreement for the sale to Slättö of around 650 residences in Bro, Upplands-Bro municipality. The value at completion is expected to amount to around EUR 113M.

2018-07-06

Share via e-mail

The sale to Slättö relates to the first stage of the new residential area Tegelhagen in Bro. The zonal plans have come into force. Construction is expected to start in the autumn of 2018 and the first occupancy is planned for 2020. Magnolia Bostad will develop and run the project until the houses are ready for occupancy. Revenue recognition will occur during the second quarter current year.

"We are really pleased to acquire energy efficient and attractive housing in Greater Stockholm, which has a major housing shortage regarding affordable rental apartments. We intend to seek the improved investment aid within the project, in order to offer newly created residences that can be demanded by the vast majority," says Johan Karlsson, CEO at Slättö.

"We are very pleased to develop, together with our partners, climate-smart residences with a pleasant design in this beautiful area," says Fredrik Lidjan, CEO at Magnolia Bostad.

Wigge & Partners has acted as legal adviser to Magnolia Bostad. Pangea Property Partners has acted as financial advisor and Wistrand Advokatbyrå has acted as legal advisor to Slättö.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




Ikano Sells to Trianon and Heimstaden

Sweden Sweden Ikano sells to Heimstaden and Trianon, which has signed an agreement to buy a property portfolio of a total of eight properties in Malmö and two properties in Lund. The portfolio comprises 388 apartments and a smaller number of commercial premises. The transaction price is EUR 69M.


Pelican Sells Five Plants in Sweden

Sweden Sweden Pelican Self Storage divests five of their eleven plants in Sweden. The plants which are concerned are located in Västerås, Örebro, Linköping, Norrköping and Åkersberga. The buyer is Shurgard, who takes over the plants including employees and customers.

Hemfosa Acquires Portfolio for EUR 106M

Sweden Sweden Hemfosa has signed an agreement to acquire a property portfolio in Sweden with a value of about EUR 106M. The portfolio consists of seven properties comprising predominantly office premises with tenants in the community services sector.

Balder in New Hotel Investment

Sweden Sweden Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.    

EUR 929M Deal on Rocky Residential Market

Sweden Sweden Heimstaden has entered a framework agreement with Magnolia Bostad for projects in Greater Stockholm and the Öresund region worth approximately EUR 929M. Fredrik Årman, Head of Transaction at Heimstaden, tells Nordic Property News on the thoughts of making a blockbuster deal on the current residential market.


Rent Levels in Gothenburg

Sweden Sweden Gothenburg is the fifth largest city in the Nordic countries and one of the fastest growing. Nordic Property News presents figures for rent levels in the city.

Stendörren Acquires from Profi

Sweden Sweden Stendörren acquires six properties in Stockholm from Profi. The transaction price is EUR 89M.

Balder an Important Partner in Väsby Entré

Sweden Sweden Fastighets AB Balder will be a so-called anchor partner in the work on Väsby Entré in Upplands Väsby, and will develop more than half of the project.

Vasakronan Acquires Retail Property in Uppsala

Sweden Sweden Vasakronan has acquired the property Dragarbrunn 18: 3 in central Uppsala from SEB Trygg Liv. The purchase price amounts to MSEK 284.5 (EUR 27.7M).

Hökerum Purchases in Central Borås

Sweden Sweden On July 2nd Hökerum Fastigheter takes possession of two new properties in central Borås. They are Uranus 9 and 17, located on the corner of Mariedalsgatan/Lidaholmsgatan, close to highway 40.