Bonava Group: Bonava sells and starts production of a rental project comprising 231 apartments in Uppsala
Bonava is starting production of a rental housing project in Uppsala with 231 apartments and is, in parallel, selling it to the real estate investor Nrep via the NSF V property fund. The underlying property value in the transaction amounts to SEK 485 M. The project is being financed by the buyer, with regular payments being made during production. The first apartments are expected to be completed in the second quarter of 2026.
- There is a clear need for new housing in Uppsala, and we are pleased to contribute with more rental apartments together with Nrep, for both today's and future generations. With our extensive experience in creating attractive and sustainable neighbourhoods, we continue to play our part in the city's development, says Michael Björklund, Business Unit President, Bonava Sweden.
In this project, Bonava is developing 231 rental apartments across five buildings, with inviting entryways and a commercial space. The project will be completed in the first quarter of 2027. This emerging neighbourhood is located in the Årsta district of eastern Uppsala, with good transport links and next to one of the city's largest parks. Årsta is a popular residential district close to services, health care and grocery stores, with cycling distance of Uppsala city.
The housing units meet high sustainability standards, are equipped with solar panels, and achieve energy class B. The Nordic Swan ecolabelled project has been characterised by close collaboration to reduce climate impact. By optimising material choices and construction processes, carbon emissions during the construction phase will be reduced by approximately 20% compared to the original design.
Having operated in Uppsala for many years, Bonava previously built such neighbourhoods as Kapellgärdet (approximately 1,000 housing units), Kungsträdgårdarna (approximately 350 housing units) and Nästet (just over 70 housing units). Production is also under way of the Seminariet project in Luthagen (113 housing units), a unique project in which architecture interacts with the historic surroundings in the Seminarieparken district.
For more information, please contact:
Fredrik Hammarbäck, Group Head of Press and Public Affairs
Tel: +46 739 056 063
Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. With its 900 employees, Bonava develops residential housing in Germany, Sweden, Finland, Latvia, Estonia and Lithuania. To date, the company has built about 40,000 homes and reported net sales of approximately SEK 8 billion in 2024. Bonava's shares and green bond are listed on Nasdaq Stockholm.
For more information about us, please visit: www.bonava.com