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2016-10-19

Magnolia Bostad AB: Magnolia Bostad awarded land allotment in Åkersberga

Magnolia Bostad has been awarded a land allotment in the Hagby Ängar
area, located close to central Åkersberga in the Österåker
Municipality. The land allotment, covering approximately 24,000 sqm
of land, concerns part of the property Hagby 1:5.

The Municipality plans to develop a new neighborhood in the area,
including about 500 homes, a retirement home, a school, shops and
offices. The area is situated close to both the Roslagsbanan light
railway and Österåker golf club.

The Hagby 1:5 property is situated next to Magnolia Bostad's project
Nätverket which consists of approximately 300 space efficient rental
apartments.

Local planning work is in progress and the local plan is expected to
be approved during 2018. Magnolia Bostad's has developed the proposal
in cooperation with the architects LINK arkitektur.

For more information, please contact:
Fredrik Lidjan, CEO
+46 70 223 43 47, fredrik.lidjan@magnoliabostad.se

Magnolia Bostad develops efficient, attractive and functional
residential properties, including rental apartments, tenant-owned
apartments and hotels, in attractive locations primarily in Sweden's
growth areas. Our work is based on a holistic approach where the
operations are conducted in a manner that promotes long-term,
sustainable urban development. Magnolia Bostad's share (MAG) is
listed on Nasdaq First North. Erik Penser Bank is the Certified
Adviser for the Company. More information is available at
www.magnoliabostad.se

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http://news.cision.com/magnolia-bostad-ab/r/magnolia-bostad-awarded-land...
http://mb.cision.com/Main/12686/2103815/576752.pdf

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