Nordic — The board of Bonava has appointed Peter Wallin as the new President and CEO. Peter Wallin will take up his position no later than 1 February 2021 and will succeed Joachim Hallengren.

Finland — In two separate transactions, Bonava has sold a total of 131 rental apartments to the real estate fund of the investment company eQ in Turku. The two projects are expected to be handed over to the customer and recognised in profit in the fourth quarter of 2021.

Sweden — Bonava is selling 175 Nordic Swan ecolabelled rental apartments in Tomtebo Gård to the property company Lansa Fastigheter AB. Bonava previously announced that the partners had signed a declaration of intent, which resulted in this transaction and is conditional on the approval of investment support for rental apartments. The project is expected to be handed over to the customer and recognised in profit in 2023.

Nordic — Joachim Hallengren will be leaving his position as President and CEO of Bonava AB. Hallengren will remain in his role during a transition period which will end at the latest when a successor takes office. The recruitment process for a new CEO will be initiated immediately.

Nordic — Bonava has successfully issued its inaugural green senior unsecured bond with a volume of SEK 1 billion.

Finland — Bonava is selling a rental project in Turku to the investor Icecapital Housing Fund V. The transaction encompasses 75 rental apartments in the new Kirstinpuisto residential area in Turku.

Norway — Bonava is selling 36 rental apartments in Bergen, Norway, to the property company Fondare. The project is expected to be recognised in profit and transferred to the customer in the fourth quarter of 2021.

Sweden — Lars Granlöf has been appointed new CFO of Bonava and will replace Ann-Sofi Danielsson, who has decided to retire.

Sweden — Bonava is starting the production of 212 rental apartments in Sigtuna. In the first quarter of 2020, an agreement was signed for the sale of the project, subject to a building permit, to Mästerbo Fastighets AB, a company jointly owned by Estea and CBRE Global Investors.

Denmark — Bonava is selling 121 rental apartments in Østerbro, Copenhagen, to the real estate company Hines, who have acquired the asset on behalf of the Hines pan-European Core Fund (HECF).

Sweden — Bonava is starting the production of 35 tenant-owner apartments in Ultuna, Uppsala. In total, Bonava is planning around 170 homes in several phases.

Sweden — Bonava has become the first residential developer in Europe to receive formal approval from Science Based Targets initiative for the company's climate targets. Until 2030, Bonava will reduce the company's negative impact on the climate by 50 percent by adopting climate targets that conform to the IPCC's recommendation to limit global warming to 1.5 °C.

Sweden — Bonava has initiated the production of 33 housing units in Umeå’s new city district, Tomtebo Gård. In total, Bonava is planning to build 350 homes, divided into several phases and comprising both rental and tenant-owner apartments. It is estimated that the first housing units will be handed over to customers in the second half of 2021.

Sweden — Bonava is selling 381 rental apartments in two projects to Mästerbo Fastighets AB, a company jointly owned by Estea and CBRE Global Investors. The sale is being conducted at an underlying property value of SEK 804 million, excluding deductions for deferred taxes.

Finland — Following Bonava’s strategic review of its Finnish operation, the Group will report a non-recurring cost of EUR 15 million for the fourth quarter.

Sweden — Bonava is selling 64 rental apartments to the Bewag pension fund in Schönefeld, Germany. The housing units are expected to be recognised in profit and transferred to the customer in the second quarter of 2022.

Sweden — Bonava is selling a rental project to NREP Nordic Strategies Fund III. The transaction comprises 162 rental apartments situated in the new Öster Mälarstrand district of Västerås, Sweden. The project is expected to be recognised in profit in the fourth quarter of 2021.

Nordic — Kristina Olsen has been appointed new Business Unit President of Bonava Denmark-Norway and assumed her position on October 1st.

Finland — Bonava is selling a rental project in Espoo, Finland, to the investor Icecapital Housing Fund V. The transaction encompasses 71 rental apartments in the new Vermonniitty residential area.