Serneke develops Norra Kajen in Sundsvall alongside Magnolia Bostad – agreement for 319 new apartments in place
Serneke has entered into an agreement with Magnolia Bostad to construct 319 apartments at Norra Kajen in Sundsvall. The order is valued at approximately SEK 370 million.
The turnkey contract encompasses new construction of 319 apartments on two urban blocks, with a parking structure beneath them. The blocks form part of Magnolia Bostad’s plans to develop the western part of the Norra Kajen area in Sundsvall.
“Serneke and Magnolia Bostad have collaborated productively for some time It feels highly inspiring to continue with this, now also in Sundsvall, joining Magnolia Bostad in having the opportunity to develop a new and attractive part of the city,” says Mikael Thorgren, Regional Manager at Serneke.
“We are looking forward very much to working with Serneke on the construction of this first phase of our project in the western part of Norra Kajen in Sundsvall. We will be helping transform historic industrial land into an attractive part of the inner city,” says Björn Bergman, Regional Manager East at Magnolia Bostad.
Construction is scheduled to commence in the autumn of 2020, with the apartments scheduled for completion by the end of 2022. The project is conditional on building permits being granted, which is expected in the summer of 2020.
The order value of approximately SEK 370 million is expected to be included in order bookings for the third quarter of 2020.
Serneke develops 145 condominiums in Stockholm
Serneke has secured a land allocation for the Östra Terrassen property within the Kolkajen project i...;
Serneke launches framework for green bonds
Serneke has developed a new framework that makes it possible to issue green bonds. The purpose is to...;
Serneke to construct 80 apartments in Växjö
Serneke has signed an agreement with Lansa Fastigheter to build 80 apartments in central Växjö. The ...;
Serneke and Akademiska Hus sign contracting agreements for the School of Business, Economics and Law at the University of Gothenburg
Serneke has now signed an agreement with Akademiska Hus to build a new building that will be part of...;
- 3/12/2021 Serneke evaluates existing bond financing
Serneke to construct logistics facility in Tranås
Serneke has signed an agreement with Höganloft Fastigheter AB to construct a new logistics facility ...;
Interim report January-June 2021
STABILIZATION AND TRANSACTION GENERATE PROFIT
Serneke and Balder to develop additional properties in Karlastaden
Serneke and Fastighets AB Balder are forming a joint venture development company to continue their c...
Serneke Group repays SEK 200 million of outstanding bond loans
Serneke Group AB will repay SEK 200 million on 1 June 2021 on its bond loan with ISIN SE0011256338. ...