Magnolia Bostad wins land allotment competition in Åkersberga, Österåker Municipality

Magnolia Bostad has won a land allotment in the vicinity of Åkersberga centrum.
The company will develop about 300 space effective rental apartments on the
property.
The municipality is planning a new residential area two kilometres west of
Åkersberga centrum, with about 500 homes, a retirement home, a school, shops and
office premises. The property is situated next to the Österåker golf club, with
the Roslagsbanan light railway within easy reach. Magnolia Bostad will develop
approximately 300 space effective one- and two-room apartments in the area.

Local planning work is underway and the local plan is expected to be approved in
2017. Construction is estimated be initiated during the second half of 2017. The
agreement is conditional upon the municipal council’s approval of the land
allotment.

Magnolia Bostad’s winning proposal was developed in cooperation with the
architects LINK arkitektur.

For more information, please contact:
Fredrik Lidjan, CEO
+46 70 223 43 47, fredrik.lidjan@magnoliabostad.se

Magnolia Bostad develops efficient, attractive and functional residential
properties, including rental apartments, tenant-owned apartments and hotels, in
attractive locations primarily in Sweden’s growth areas. Our work is based on a
holistic approach where the operations are conducted in a manner that promotes
long-term, sustainable urban development. Magnolia Bostad's share (MAG) is
listed on Nasdaq First North. Erik Penser Bank is the Certified Adviser for the
Company. More information is available at www.magnoliabostad.se