- This represents our first sale to an investor in Denmark and is aligned with our strategy to develop additional rental projects and investor sales, says Joachim Hallengren, President and CEO of Bonava.
The project, called Fælledudsigten II, has a combined living area of approximately 7,200 sqm and is located close to schools, public transport and green areas. Bonava is also in charge of the construction of two conjoined buildings, 10 and 13 stories tall, and thus controls the entire value chain from development and production to sales.
The project is scheduled to be completed and recognized in profit in the fourth quarter of 2017.
Bonava Sells Housing Project in Denmark
Denmark — Bonava has sold a housing project in Copenhagen, Denmark, to the property company Balder for approximately MSEK 224 (€23,5M). The project consists of 74 rental apartments.