Bonava Sells in Germany
Sweden Bonava is selling two rental projects in Dresden and Leipzig, Germany, to the property company Industria Wohnen. The transaction encompasses a total of 181 rental apartments. The total sales price amounts to approximately MSEK 475 (EUR 46M). The project in Dresden encompasses 116 apartments while the Leipzig project includes 65 apartments. The transactions will be recognised in profit during the second quarter of 2021 and the fourth quarter of 2020.