Brief: Bonava Acquires 550 Building Rights In Leipzig, Berlin

Bonava AB (publ)

14/02/2022 07:33

Feb 14 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA ACQUIRES A TOTAL OF 550 BUILDING RIGHTS IN LEIPZIG AND BERLIN
    * HAS SIGNED AN AGREEMENT WITH REINBAU GMBH AND BAYWOBAU BAUBETREUUNG GMBH TO ACQUIRE 300
BUILDING
RIGHTS IN LEIPZIG IN GERMAN FEDERAL STATE OF SAXONY
    * ALSO SIGNED AN AGREEMENT WITH PÖTTINGER WILDAU GMBH & CO. DEV. I KG TO ACQUIRE 250
BUILDING
RIGHTS IN WILDAU, JUST SOUTH OF BERLIN
    * INITIAL PRODUCTION START FOR PROJECT IN LEIPZIG IS SCHEDULED FOR SECOND HALF OF 2022 AND
IN
BERLIN FOR SECOND HALF OF 2023.
    * INVESTMENTS IN LAND RELATE TO CONSUMER AND RENTAL HOUSING PROJECTS AND AMOUNT TO
APPROXIMATELY
EUR 32.5 MILLION

Source text for Eikon:  ID:nWkr31kRBh 
Further company coverage:  BONAVb.ST 

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