ARTICLES TAGGED WITH "Magnolia Bostad"

Niam and Magnolia Form JV to Develop Two Residential Blocks in Gothenburg

Sweden Sweden — Niam has entered into a joint-venture with Magnolia Bostad to develop two residential blocks in Gothenburg. The project is estimated to include around 350 condominiums and rental apartments, in varying sizes.

Magnolia Acquires Land in Svedala

Sweden Sweden — Magnolia Bostad has acquired land in Svedala municipality, for the development of residential units of about 13,000 sqm GFA. The property is located in the north-eastern part of Svedala.

Magnolia Acquires Land for the Development of Ursviks Torn

Sweden Sweden — During June Magnolia Bostad acquired land in Ursvik, Sundbyberg for the development of Ursviks Torn, which will consist of around 180 residential units of about 10,500 sqm GFA and about 370 sqm for commercial premises. The number of acquired building rights was included in the reported number of building rights in Magnolia Bostad's half-year report.

Magnolia Bostad to Convert Conference Centre into a School

Sweden Sweden — Magnolia Bostad has acquired Täljöviken's conference centre in Österåker municipality and will develop it into a modern attractive F-9 (compulsory) school for about 800 students.

Fredrik Westin Appointed Deputy CEO of Magnolia Bostad

Sweden Sweden — Fredrik Westin has been appointed Deputy CEO of Magnolia Bostad, while at the same time remaining in his role as CFO.

Magnolia Bostad Acquires Land in Östersund

Sweden 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.

F Holmström Owns over 90 Percent of the Magnolia Shares

Sweden Sweden — F Holmström Holding has announced today that its offer has been accepted to such an extent that FHH holds more than 90 per cent of the shares in Magnolia Bostad.

Magnolia Bostad Acquires Land in Sundsvall

Sweden Sweden — Magnolia Bostad has signed an agreement with Diös Fastigheter for the acquisition of land in Sundsvall for the development of around 350 residential units of about 21,000 sqm GFA.

CBRE GI Acquires Residential Units for SEK 538 Million

Sweden Sweden — Magnolia Bostad has sold 200 rental residential units in the Västra Ursvik district in Sundbyberg to CBRE Global Investors. The project consists of around 12,500 sqm GFA for accommodation as well as around 300 sqm GFA of commercial premises and 73 garage spaces. The estimated property value upon completion is around SEK 588 million.

Magnolia Bostad Sells 346 Residential Units to Heimstaden

Sweden Sweden — Magnolia Bostad is selling 346 residential units in Handen, Haninge Municipality to Heimstaden Bostad. The estimated property value upon completion will be around SEK 850 million.

Magnolia Buys Land in Ystad for Developing Housing and a School

Sweden Sweden — Magnolia Bostad has acquired land in Ystad for the development of around 32 800 sqm GFA con-sisting of 450 residential units and a school. The property is located in the residential area of Erikslid in the western part of Ystad.

Magnolia Bostad Makes Land Acquisition in Borås

Sweden Sweden — Magnolia Bostad has signed an agreement for the acquisition of land in Öresjö Ängar, Borås for the development of residential units and a nursery school, of around 30,000 sq.m GFA.

Magnolia Bostad Sells Residential Units in Gothenburg

Sweden Sweden — Magnolia Bostad is selling 180 rental apartments in the new district of Nya Hovås in Göteborg to Heimstaden Bostad. The project consists of around 11,060 sqm GFA for residential units and around 2,500 sqm GFA for retail units and a garage. The estimated property value upon completion will be around SEK 450 million.

Magnolia Bostad Forms Joint Venture with SBB – Acquires Residential Projects

Sweden Sweden — Magnolia Bostad and Samhällsbyggnadsbolaget i Norden (SBB) are forming a 50/50 Joint Venture (JV) for the development of investment properties. The JV will acquire four projects consisting of around 2,300 residential units from Magnolia Bostad and one project consisting of around 250 residential units from SBB. Magnolia Bostad is also selling two residential care homes located in Nacka and Östersund to SBB.

Magnolia Bostad Proposes a Dividend Payment of SEK 2 per Share

Sweden Sweden — The Board of Directors of Magnolia Bostad AB has decided to propose a dividend payment of SEK 2 per share for the financial year 2019.

Magnolia Signs Agreement to Acquire Land in Haninge

Sweden Sweden — Magnolia Bostad has signed an agreement to acquire three properties in Handen, Haninge municipality. On the properties, Magnolia Bostad plans to develop around 345 residential units and other premises totalling 21,000 sqm GFA.

Magnolia Allots Warrants within Existing Warrant Program

Sweden 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.

Magnolia Sells Residential to Heimstaden

Sweden Sweden — Magnolia Bostad has sold residential units in the new Partille Port district to Heimstaden Bostad. Around 230 residential units are planned in the property of 12,500 sqm GFA as well as 3,000 sqm GFA of retail units and an underground garage. The estimated property value upon completion is around SEK 560 million.

Magnolia and Heimstaden in New Transaction

Sweden Sweden — Magnolia Bostad signs an agreement to sell the Västra Erikslid project in Skellefteå municipality to Heimstaden Bostad. The project involves the development of approximately 300 residential units of 21,000 sqm GFA. Estimated property value at completion is about MSEK 475.

Magnolia Sells to Heimstaden

Sweden Sweden — Magnolia Bostad has sold an additional project to Heimstaden Bostad, this time in Ursvik, Sundbyberg’s municipality. The sale is consisting of around 380 residencies, a nursery school, 8 retail premises and 168 garage spaces. The estimated property value at completion will be around SEK 1.0 billion.

Johan Tengelin to Take Over as CEO of Magnolia

Sweden 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.

Magnolia Bostad Sells 900 Residential Units in Karlstad to Trenum

Sweden Sweden — Magnolia Bostad has signed an agreement to sell about 900 homes to Trenum AB. The estimated property value at completion amounts to SEK 1.7 billion. The sale is contingent on the zoning plan coming into force, which is expected to be obtained in June 2020, revenue recognition will take place when the zoning plan comes into force.

Start of Zoning Plan Work for a New Marine District in Huddinge

Sweden Sweden — Magnolia Bostad plans to develop about 2,000 residential units, including a nursery school, residential care units, shops, a restaurant and hotel at Vårby Udde, Huddinge's new marine district.

Magnolia Bostad and Slättö Form JV

Sweden Sweden — Magnolia Bostad and Slättö form JV for developing housing and residential care facilities.

Magnolia Bostad Signs Agreement on Acquisition of Land in Karlstad

Sweden Sweden — Magnolia Bostad has signed an agreement to acquire part of the Tullholmssågen 4 property in Karlstad municipality. Magnolia Bostad plans to develop the property into about 430 residential units of 25,500 square meters GFA.