Sales target achieved in Magnolia Bostad’s Kanikenäsholmen project in Karlstad

Binding agreements have been signed for the majority of the homes in kvarteret
Varvet, a part of the Kanikenäsholmen project in Karlstad, and the sales target
of 70 percent has been exceeded by a wide margin.

Sales of the project’s next phase, eight tenant-owned apartments in two
buildings on the neighbouring property, are estimated to begin this summer.

For more information, please contact:

Fredrik Lidjan
CEO
+46 70 223 43 47
fredrik.lidjan@magnoliabostad.se

Magnolia Bostad was founded in 2009 with the vision of creating modern homes and
residential environments through smart functions and attractive architecture.
The company develops new housing, both rental apartments and tenant-owned
apartments and hotels, mainly in attractive locations in Sweden’s larger cities
and regional capitals. We operate with a holistic view that aims to achieve long
-term sustainable development for the society at large.
Magnolia Bostad is listed on Nasdaq First North. Erik Penser Bank is engaged as
the Certified Adviser for the Company.

More information about Magnolia Bostad can be found at www.magnoliabostad.se