Sweden — Magnolia Bostad has signed an agreement with Tegelplan Utveckling to acquire land in Östersund for the development of around 190 residential units of about 11,500 sqm GFA and around 2,000 sqm GFA for non-residential premises, including a supermarket.

Sweden — Holmströmgruppen and Areim place a bid of SEK 76 per share in Magnolia Bostad. The share closed on Tuesday at SEK 57.40.

Sweden — Magnolia Bostad forms a JV with KF Fastigheter for the joint development of land in a new residential area by Lake Mälaren in Upplands-Bro municipality. In total, around 950 residential units with 80,000 sqm of GFA will be developed.

Sweden — Heimstaden AB's subsidiary, Heimstaden Bostad AB has signed an agreement with Magnolia Bostad AB to jointly acquire land from Derome AB in Kungsbacka, Sweden. Together, the two companies will develop and construct approximately 1,600 apartments with a total area of​​ 100,000 sq.m., subject to regulatory approval. The project value upon completion is estimated to SEK 3.0 billion.

Sweden — In 2019, Magnolia Bostad issued warrants to be offered to both future and current employees. Through the subsidiary Magnolia Utveckling AB, Magnolia Bostad holds a total of 30,000 warrants in the program from 2019, which will now be sold to Johan Tengelin, who will take over as CEO no later than December 2020.

Sweden — Magnolia Bostad’s Board of Directors announces that Johan Tengelin will take over as CEO of the company no later than December 2020. He will succeed Fredrik Lidjan.

Sweden — Heimstaden Bostad AB has from Magnolia Bostad acquired the first stage in Norra Kajen, Sundsvall Municipality. The project includes the development of 360 apartments and the property value upon completion will amount to approximately MSEK 670.

Sweden — Serneke and Magnolia Bostad have signed a turnkey contract for 414 housing units in Knivsta.

Sweden — Magnolia Bostad has signed an agreement to sell 227 residencies in Norrtälje and Åkersberga to Heba Fastighets AB. The properties estimated value at completion will amount to about MSEK 670.

Sweden — The stock market scramble among Swedish real estate companies continues. Most recently the housing developers Magnolia Bostad, with sights set on a listing this summer.