Aros Bostadsutveckling AB publ ("Aros Bostad") has signed an agreement regarding acquisition of building rights, corresponding to 33 terraced houses, within the residential development area Bro Mälarstad. The terraced houses will be Aros Bostad's first development project in Upplands-Bro. The seller is a joint venture between Magnolia Bostad and Heimstaden.

Bro Mälarstad is a new city district in Upplands-Bro, which will comprise c. 2,500 homes, schools and services, located close to the nature. There will be a marina, beach walk and bathing site at the shore of Mälaren. A pedestrian and bicycle path connects the residential area with Bro tram station area.

The building rights, which are acquired by Aros Bostad, are part of the second phase of the development. The construction start is estimated for the first quarter of 2022, with the first homes completed for move-in during the first quarter of 2023. The seller of the property Brogård 1:174 is a joint venture between Magnolia Bostad and Heimstaden, which will remain in the area with own residential developments. The zoning plan for the area is approved.

Aros Bostad plans for 33 terraced houses with wooden frames, in line with the company's concept for sustainable and affordable homes of good quality.

Magnus Andersson, CEO Aros Bostad:
"We are happy to add yet another attractive municipality within Greater Stockholm to Aros Bostad's map for development projects. The acquisition in Upplands-Bro is part of our expansion within industrially built wooden houses, where we focus on maximum quality to a lower cost."  

The Company's class A and B preference shares are listed on Nasdaq First North Growth Market. Certified Adviser is Erik Penser Bank. Financial information at www.arosbostad.se/investerare

For more information, please contact:
Magnus Andersson, CEO, e-mail: magnus.andersson@arosbostad.se, phone: +46 8 400 230 50
Ken Wendelin, CFO/Deputy CEO, e-mail: ken.wendelin@arosbostad.se, phone: +46 73 518 02 70
Anna Åkerlund, Head of Communications & IR, e-mail: anna.akerlund@arosbostad.se, phone: +46 70 778 28 97
Certified Adviser, e-mail: certifiedadviser@penser.se, phone: +46 8 463 83 00

About Aros Bostad

Aros Bostad is a residential developer within the Stockholm area focusing on developing modern, functional and sustainable residential housing in attractive geographical areas, with timeless choices of materials and designs. The Company acquires and develops land into building rights and subsequently into residential housing. With a long-term perspective and responsibility for the entire value chain, Aros Bostad creates a safe deal for home buyers as well as stable returns for the investors.

The Company was founded in 2006 and its primary geographical market is the greater Stockholm area and Uppsala. The Company's project portfolio has historically been built up through fund structures in collaboration with institutional investors, as well as through own acquisitions. Aros Bostad has residential development projects in different stages of development corresponding to c. 4,600 units. Main investors in Aros Bostad's funds is primarily institutional capital from AP1, Varma, SEB Trygg-Liv, SEB Pensionsstiftelse, Östersjöstiftelsen as well as several prominent and financially strong entrepreneurs and investors.

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