Aros Bostadsutveckling AB: Aros Bostad acquires its first residential development project in Sollentuna
Aros Bostadsutveckling AB publ ("Aros Bostad") has acquired two properties in Edsviken, Sollentuna Municipality. The development project is expected to embrace 45 - 60 apartments, corresponding to 4,500 sqm gross floor area (Swe. ljus BTA).
Magnus Andersson, CEO Aros Bostad:
"The acquired properties create an opportunity for a very nice infill project in a, for Aros Bostad, new municipality. We are constantly looking for new development projects to secure our project portfolio for the future."
The properties, Sollentuna Halsringen 1 and 4, are situated in an attractive residential area in Edsviken, close to public communications, water and recreation. Today, there is commercial activity at the location and the properties will be classified as cash flow generating investment properties until the zoning plan gains legal force. The seller is a private property owner. Access to the properties is planned for Q4 2022.
This information is information that Aros Bostad is obliged to make public pursuant to the EU Market Abuse Regulation (EU 596/2014). The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by the Company's news distributor, Cision, at the publication of this press release.
Aros Bostad's Certified Adviser for Nasdaq First North Growth Market is Erik Penser Bank. Financial information is to be found at www.arosbostad.se/investerare
This disclosure contains information that Aros Bostadsutveckling AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-12-2021 18:30 CET.