Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Magnolia Bostad AB    MAG   SE0007074505

MAGNOLIA BOSTAD AB

(MAG)
SummaryQuotesChartsNewsCalendarCompany 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Magnolia Bostad : has acquired land in Ystad for developing housing and a school

12/03/2020 | 01:31am EST

Magnolia Bostad has acquired land in Ystad for the development of around 32 800 m2 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.

The acquisition is taking place as a corporate transaction and relates to part of Lotsen 1 and to Lotsen 2 and Lotsen 9 properties. The acquisition is conditional on the zoning plan coming into force, which is expected in the second half of 2021. The area is scenic and close to the sea, and is located just under three kilometres from central Ystad where Malmö can be reached in about 50 minutes by the Pågatågen train system.

"The acquisition is a natural continuation of Magnolia Bostad's development in Ystad. We are glad to be developing both housing and a school in this attractive part of Ystad," says Mats Nilsson, Southern Regional Director.

Community service properties, including nursery schools and schools, are part of Magnolia Bostad's development of new residential areas. Proximity to nursery school and school is important and Magnolia Bostad therefore takes great care in the design and placement of nursery schools and schools in its development projects. The school in the Ystad project is planned as a primary school for about 200 pupils.

"We are really looking forward to developing a school in Ystad. We are already developing nursery schools and care homes. This will be our first primary school project," says Catrin Viksten, Head of Community Service Property

Magnolia Bostad has already acquired land in the same area for the development of around 425 residential units. Of these, 225 rental units are under construction with occupancy planned during the second half of 2023. With this acquisition, Magnolia Bostad is developing around 875 residential units and a school in Ystad.

For more information, please contact:
Mats Nilsson, Southern Regional Directo
+46 70 233 09 45, mats.nilsson@magnoliabostad.se

For more information regarding community service properties:
Catrin Viksten, Head of Community Service Property
+46 70 161 05 92, catrin.viksten@magnoliabostad.se

Marita Björk, IR and Financial Media Manager
+46 72 720 00 06, marita.bjork@magnoliabostad.se

Magnolia Bostad AB, CIN 556797-7078, is a leading urban developer that develops new residential properties primarily rental apartments but also tenant-owned apartments, community service properties and hotels, in attractive locations in Sweden's growth areas and major cities. Housing is being developed both for sale and for self-management. Our work is based on a holistic approach where the operations are conducted in a way that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se

https://news.cision.com/magnolia-bostad-ab/r/magnolia-bostad-has-acquired-land-in-ystad-for-developing-housing-and-a-school,c3248261

https://mb.cision.com/Main/12686/3248261/1343516.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

All news about MAGNOLIA BOSTAD AB
01/13MAGNOLIA BOSTAD : has sold 200 residential units in Västra Ursvik
AQ
2020MAGNOLIA BOSTAD : Shortened co-investment period for Magnolia Bostad and Fredrik..
AQ
2020MAGNOLIA BOSTAD : sells 346 residential units to Heimstaden Bostad
AQ
2020MAGNOLIA BOSTAD : has acquired land in Ystad for developing housing and a school
AQ
2020MAGNOLIA BOSTAD : Johan Tengelin takes over as Magnolia Bostad's CEO today
AQ
2020MAGNOLIA BOSTAD : Report from the Extraordinary General Meeting of Magnolia Bost..
AQ
2020MAGNOLIA BOSTAD : signs agreement on acquisition of land in Borås
AQ
2020MAGNOLIA BOSTAD : sells 180 residential units in Göteborg
AQ
2020MAGNOLIA BOSTAD : SBB and Magnolia Bostad to develop 2,550 rent regulated reside..
AQ
2020MAGNOLIA BOSTAD : deepens its collaboration with SBB by forming a JV for the dev..
AQ
More news
Chart MAGNOLIA BOSTAD AB
Duration : Period :
Magnolia Bostad AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MAGNOLIA BOSTAD AB
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Managers and Directors
NameTitle
Johan Tengelin Chief Executive Officer
Fredrik Holmström Chairman
Fredrik Westin Chief Financial Officer
Fredrik Tibell Independent Director
Andreas Rutili Director
Sector and Competitors
1st jan.Capitalization (M$)
MAGNOLIA BOSTAD AB1.03%135
CHINA VANKE CO., LTD.8.92%54 429
VONOVIA SE-6.29%38 273
CHINA EVERGRANDE GROUP0.13%25 477
DEUTSCHE WOHNEN SE-4.35%17 350
CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE HOLDINGS CO., LTD.0.15%15 866