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Bonava sells two rental projects

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 approximatley €50.2m (SEK 490m). Both projects are situated in the expansive areas outside Berlin's southern city boundary and thus have good transportation links to Berlin city centre. The areas surrounding Schönefeld, Teltow and Berlin otherwise comprise a growing and increasingly attractive region, thereby placing these projects in prime locations.„Rental apartments represent a central and growing part of our business and Germany is a strategically important market for us. The development of high-quality, affordable rental u...[…]