Sweden — Bonava is starting the production of 212 rental apartments in Sigtuna. In the first quarter of 2020, an agreement was signed for the sale of the project, subject to a building permit, to Mästerbo Fastighets AB, a company jointly owned by Estea and CBRE Global Investors.

Denmark — Bonava is selling 121 rental apartments in Østerbro, Copenhagen, to the real estate company Hines, who have acquired the asset on behalf of the Hines pan-European Core Fund (HECF).

Sweden — Bonava is starting the production of 35 tenant-owner apartments in Ultuna, Uppsala. In total, Bonava is planning around 170 homes in several phases.

Sweden — Bonava has become the first residential developer in Europe to receive formal approval from Science Based Targets initiative for the company's climate targets. Until 2030, Bonava will reduce the company's negative impact on the climate by 50 percent by adopting climate targets that conform to the IPCC's recommendation to limit global warming to 1.5 °C.

Sweden — Bonava has initiated the production of 33 housing units in Umeå’s new city district, Tomtebo Gård. In total, Bonava is planning to build 350 homes, divided into several phases and comprising both rental and tenant-owner apartments. It is estimated that the first housing units will be handed over to customers in the second half of 2021.

Sweden — Bonava is selling 381 rental apartments in two projects to Mästerbo Fastighets AB, a company jointly owned by Estea and CBRE Global Investors. The sale is being conducted at an underlying property value of SEK 804 million, excluding deductions for deferred taxes.

Finland — Following Bonava’s strategic review of its Finnish operation, the Group will report a non-recurring cost of EUR 15 million for the fourth quarter.

Sweden — Bonava is selling 64 rental apartments to the Bewag pension fund in Schönefeld, Germany. The housing units are expected to be recognised in profit and transferred to the customer in the second quarter of 2022.

Sweden — Bonava is selling a rental project to NREP Nordic Strategies Fund III. The transaction comprises 162 rental apartments situated in the new Öster Mälarstrand district of Västerås, Sweden. The project is expected to be recognised in profit in the fourth quarter of 2021.

Nordic — Kristina Olsen has been appointed new Business Unit President of Bonava Denmark-Norway and assumed her position on October 1st.

Finland — Bonava is selling a rental project in Espoo, Finland, to the investor Icecapital Housing Fund V. The transaction encompasses 71 rental apartments in the new Vermonniitty residential area.

Norway — Bonava acquires the residential developer Urbanium AS for MNOK 608 on a cash and debt free basis. Urbanium’s business mainly consists of a land portfolio in the Oslo region. With this transaction, Bonava strengthens its position on the Norwegian market.

Finland — Bonava is selling a rental project in Tampere, Finland, to the investor NREP Nordic Strategies Fund III. The project comprises 103 rental apartments in the new Lielahti residential area.

Finland — Bonava is selling a rental project in Helsinki to the investor Icecapital Housing Fund V. The project comprises 74 rental apartments located in the new residential area of Postipuisto, close to Central Park. The project is expected to be recognised in profit in the fourth quarter of 2020.

Nordic — Walkable and safe neighbourhoods close to green areas. That’s the recipe for having satisfied and happy neighbours. This is shown in the results of the Happy Quest survey, in which Bonava asked 8,582 people what they regard as important in their neighbourhoods. Bonava will use insights to develop the residential areas of the future.

Finland — Bonava sells a rental project in Espoo, Finland, to the investor Icecapital. The sold project consists of 52 rental apartments.

Nordic — Residential developer Bonava has appointed Carl Rietz as Senior Vice President for the new Group function Processes & Technology, with the responsibility to transform design and technology in order to increase productivity.