Magnolia Bostad has signed an agreement to acquire part of the Tullholmssågen 4 property in Karlstad municipality. Magnolia Bostad plans to develop the property into about 430 residential units of 25,500 sq.m. GFA.
The acquisition will take place as a corporate transaction and the seller is Coop Värmland. The deal is conditional on the zoning plan coming into force, which is expected to take place in the first quarter of 2020.
The area is very attractively located at Tullholmsviken, only a short walk from the centre and close to both Stadsträdgården (the City Park) and the river. The area