Bonava is selling two rental projects in Schönefeld and Teltow in Germany to the property company Industria Wohnen. The transaction encompasses a total of 248 rental apartments. The total sales price amounts to approximately SEK490m. Both projects are situated in the expansive areas outside Berlin’s southern city boundary and thus have good transportation links to Berlin‘s city centre. The areas surrounding Schönefeld, Teltow and Berlin otherwise comprise of a growing and increasingly attractive region, thereby placing these projects in prime locations. The rental project containing 112 apartments is being sold in Schönefeld and another with 136 apartments is being sold in Teltow. The transactions will be recognised in profit during the fourth quarter of 2018 and the first quarter of 2019. Completion and transfer of the projects is planned for the first quarter of 2019.
