The preliminary date for when Bonava will take possession of the property is in the fourth quarter of 2021.

"There is substantial demand for single-family housing and this was further amplified during the past year of the pandemic. We are pleased to acquire this land and thereby continue the development of the attractive Ältadalen area, where Bonava has already built more than 180 single-family homes," says Fredrik Hemborg, Business Unit President, Bonava Sweden.