In conjunction with the aforementioned transaction, Heimstaden Bostad AB, Magnolia Bostad AB and Derome AB have entered into a joint venture to develop and construct around 1,500 single-family homes on land with existing and new building rights, primarily in the Stockholm region. Heimstaden Bostad AB and Magnolia Bostad AB will own 25 percent of the joint venture, while Derome AB will own 50 percent.

“We look forward to continued collaboration with Magnolia and Derome, who both have highly skilled and committed employees, which is a strong foundation for a productive and successful partnership going forward. Together, we look forward to offering friendly and sustainable homes to the Gothenburg and Stockholm regions, with people and the environment in focus for years to come,” said Patrik Hall, CEO of Heimstaden.

“Every day we go to work with an ambition to build high-quality homes and to contribute to the development of local communities, with satisfied and happy customers at the heart of our business. The fact that we are expanding our collaboration with Magnolia and Derome is an evidence of a fruitful relationship built on a mutual focus on long-term business goals and open dialogue. Not only do we work well together, but we also have fun on the way," said Tom Rasmussen, Senior Investment Manager of Heimstaden.

“Hede is a strategic acquisition in Magnolia Bostad's western region, which we have been working on for a long time. We are very proud, together with Derome and Heimstaden, to be involved in developing the area and taking responsibility for being able to realize the concepts that have been developed during the early planning process,” says Niklas Ohldin, Western Regional Director at Magnolia Bostad.

“We are very pleased to further deepen our collaboration with both Heimstaden Bostad and Derome. Our collaboration means that knowledge and resources can be utilized optimally and strengthen all the parties involved," says Fredrik Lidjan, CEO of Magnolia Bostad. 

Falkenborn Advokatbyrå has acted as legal advisor to Heimstaden Bostad AB, Törngren Magnell & Partners has acted as legal advisor to Magnolia Bostad AB and Vinge has acted as legal advisor to Derome.