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Heimstaden forms new joint ventures with Magnolia Bostad and Derome
Heimstaden Bostad AB has signed an agreement with Magnolia Bostad AB to jointly acquire land from Derome AB in Kungsbacka, Sweden. Together, the two companies will develop and construct approximately 1,600 apartments with a total area of 100,000 sq.m., subject to regulatory approval. The project value upon completion is estimated…