Norway — Bonava acquires the residential developer Urbanium AS for MNOK 608 on a cash and debt free basis. Urbanium’s business mainly consists of a land portfolio in the Oslo region. With this transaction, Bonava strengthens its position on the Norwegian market.

Finland — Bonava is selling a rental project in Tampere, Finland, to the investor NREP Nordic Strategies Fund III. The project comprises 103 rental apartments in the new Lielahti residential area.

Finland — Bonava is selling a rental project in Helsinki to the investor Icecapital Housing Fund V. The project comprises 74 rental apartments located in the new residential area of Postipuisto, close to Central Park. The project is expected to be recognised in profit in the fourth quarter of 2020.

Nordic — Walkable and safe neighbourhoods close to green areas. That’s the recipe for having satisfied and happy neighbours. This is shown in the results of the Happy Quest survey, in which Bonava asked 8,582 people what they regard as important in their neighbourhoods. Bonava will use insights to develop the residential areas of the future.

Finland — Bonava sells a rental project in Espoo, Finland, to the investor Icecapital. The sold project consists of 52 rental apartments.

Nordic — Residential developer Bonava has appointed Carl Rietz as Senior Vice President for the new Group function Processes & Technology, with the responsibility to transform design and technology in order to increase productivity.

Norway — Bonava is selling a rental project in Bergen to a Norwegian housing company. The transaction encompasses 94 apartments and the price amounts to approximate MSEK 211 (EUR 24M).

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).

Sweden — Bonava is selling a rental project in Tuve, Gothenburg to Västerstaden. The price amounts to MSEK 496 (EUR 48M) and the transaction is contingent upon the issue of a building permit. The project comprises 209 rental apartments and will be recognised in profit in the first and third quarters of 2021.

Finland — Bonava is selling a rental project in Espoo and Vantaa in the Helsinki Metropolitan Area to the investor Icecapital. The transaction encompasses a total of 91 rental apartments.

Sweden — Bonava has concluded an agreement for the acquisition of land from the municipal property company Mimer at Öster Mälarstrand in Västerås, Sweden. The site is located in an area where Bonava will construct about 550 housing units. Construction is scheduled to commence in 2019.

Sweden — Bonava carries out investor transaction and sells 66 rental apartments in Ursvik to Willhem.

Denmark — Bonava is selling a rental project in the Køge Kyst district outside Copenhagen, Denmark. The purchaser is the PFA Ejendomme A/S pension fund, and the transaction covers two projects with a total of 137 rental apartments.

Finland — Bonava is selling a rental project in the Kivistö district of Vantaa, Finland. The purchaser is the investor Icecapital Housing Fund IV Ky and the transaction encompasses 110 rental apartments.

Finland — Bonava is selling a rental project in Lielahti, Tampere. The buyer is the investor Localtapiola Real Estate Ltd and the transaction encompasses 106 rental apartments. 

Sweden — Based on the number of newly constructed apartments registered and sold, Bonava Latvia has become the country’s largest residential development company, according to aggregate property market data.