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.
"Both Dresden and Leipzig are expanding and demand for well-planned rental apartments is high. In Dresden, this is the first time we are selling rental apartments. This is our third transaction in Leipzig. The need for affordable rental apartments is growing, which is well aligned with our ambition to expand in this segment," says Joachim Hallengren, President and CEO of Bonava.