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Magnolia Bostad AB: Magnolia Bostad signs cooperation agreement with Västerkulla Hotell

The agreement was signed March 14th, and implies that Västerekulla
Hotell Holding AB has the possibility of acquiring hotels developed
by Magnolia Bostad. Västerkulla Hotell is owned by the Swedish Trade
Union Confederation (LO) and The Foundation for Baltic and East
European Studies (Östersjöstiftelsen).

Magnolia Bostad develops hotels in regions with a positive development
in terms of population and business growth. They should be centrally
located or situated close to a strategic communication point such as
a city entry point or an airport.

- Alongside rental and tenant-owned apartments, hotels complement our
business concept, says Fredrik Lidjan, CEO of Magnolia Bostad.
Västerkulla Hotell is an important long-term partner to us, and our
cooperation agreement is a confirmation of this.

For more information, please contact:

Clas Hjorth
Head of Business Area Hotels
+46 70 324 34 14

Fredrik Lidjan
+46 8 470 50 80

Magnolia Bostad was founded in 2009 with the vision of creating modern
homes and residential environments through smart functions and
attractive architecture. The company develops new housing, both
rental apartments and tenant-owned apartments and hotels, mainly in
attractive locations in Sweden's larger cities and regional capitals.
We operate with a holistic view that aims to achieve long-term
sustainable development for the society at large.

Magnolia Bostad is listed on Nasdaq First North. Erik Penser
Aktiebolag is engaged as the Certified Adviser for the Company.

More information about Magnolia Bostad can be found at


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