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ARTICLES TAGGED WITH "Magnolia Bostad"

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.

Magnolia Bostad Signs Agreement to Acquire Land Outside Stockholm

Sweden Sweden — Magnolia Bostad has signed an agreement to acquire parts of the property Orminge 46:1 in the Orminge centre, Nacka municipality, comprising 10,400 sq.m. GFA.

Magnolia Bostad and Heimstaden Bostad Acquires Land – Forms JV

Sweden Sweden — Magnolia Bostad and Heimstaden Bostad have formed a joint venture aimed at jointly developing about 150,000 square meters of GFA housing in Näsängen, a seaside area in Åkersberga, Österåker municipality.

The Nordic Real Estate Companies’ ICR Levels in Q2

Nordic — Nordic Property News presents figures on the interest cover ratios for the listed Nordic real estate companies.

Magnolia Sells Ownership in JV to Randviken

Sweden Sweden — Magnolia Bostad has signed an agreement regarding the sale of its part of the joint venture company that owns the property Skogskarlen 3 in Bergshamra, Stockholm.

The Nordic Real Estate Companies’ ICR Levels in Q1

Nordic — Nordic Property News presents figures on the interest cover ratios for the listed Nordic real estate companies.

The Companies with the Highest ICR

Nordic — Nordic Property News presents the interest coverage ratio for the Nordic real estate companies.

Magnolia Sells to Slättö

Sweden Sweden — Magnolia Bostad signed an agreement for the sale to Slättö of around 650 residences in Bro, Upplands-Bro municipality. The value at completion is expected to amount to around EUR 113M.

Magnolia Sells to Genova

Sweden Sweden — Magnolia Bostad has entered an agreement regarding the divestment of the Instrumentet 2 property in Örnsberg, Stockholm, with a total leasable area of approximately 6,000 square meters.

"Lack of Transparency Behind Developers' Struggles"

Sweden Sweden — After a turbulent autumn and winter, Magnolia Bostad's CEO, Fredrik Lidjan, criticizes the lack of transparency regarding land prices.

Magnolia Divests 430 Apartments in Hyllie

Sweden Sweden — Magnolia Bostad divests a project encompassing the Valhall 1 property located in Hyllie, Malmö. The deal encompasses the erection of approximately 430 rental units and a larger grocery store.

Continued Divestment for Magnolia

Sweden Sweden — Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.