KlaraBo and OBOS ready to start construction of around 300 condominium apartments in Malmö
KlaraBo and OBOS’ proposal, Boostad, has won a land allocation from Malmö Municipality and will work together to build ‘Öster om mässan’, a brand new block in Hyllie. The proposal is based on 318 apartments, corresponding to 21,500 square meters of gross floor area, and combines owned and rented units. The detailed layout plan has entered into legal force and the start of construction is scheduled for spring 2024.
Boostad was developed by several players who have a strong common focus on building long-term sustainable cities, where people from all walks of life can mix and reside. KlaraBo and OBOS owners work with
“We are both proud and happy to be able to contribute to the development of Malmö. This is a fantastic project with great ambitions in terms of neighborhood and housing quality. Our idea at OBOS is that neither age nor career should not be an obstacle to buying a home,” says
Features such as rooftop solar panels enable an energy partnership that includes generation, storage and dispatch between properties. The exteriors of the proposal will be characterized by brick and wood with shared interior gardens, complemented by trees, which provide space for socializing. The properties will also be located in the immediate vicinity of business premises and a kindergarten. The apartments vary from studios to four bedrooms and will be characterized by efficient solutions adapted to different household sizes and needs.
“It is extremely rewarding to be part of the city of Malmö’s ambition to continue to develop sustainably. We founded KlaraBo with the aim of offering attractive rental accommodation at reasonable rent, and our business model is well suited underlying principles of the Mallbo concept. This is KlaraBo’s third allocation for the year and confirms that there is strong demand for our housing solutions in the Swedish real estate market,” said Andreas Morfiadakis, CEO of KlaraBo .
KlaraBo and OBOS will guarantee the financing of the project before, during and after completion and will use their usual equity and loans to finance the project.
The Öster om mässan area is located in the center of Hyllie, a southern district of Malmö, and is close to several parks as well as public transport and excellent offices in and around Malmö Arena. The goal of Öster om mässan is to provide land to construction companies that want to contribute to a more sustainable housing and office market.
For more information:
Andreas Morfiadakis, CEO, KlaraBo
+46 76 133 16 61
+46 73 976 28 42
KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates nationwide. The strategy is to acquire existing residential properties as well as land for new construction in regions with growing populations and strong labor markets. Our newly built apartments are developed in-house and space efficient, which contributes to reasonable rents. The apartments and buildings are designed in collaboration with the municipality to meet local needs. With wood as the main construction material, the new construction meets high environmental standards. KlaraBo is a long-time owner. KlaraBo is listed on Nasdaq Stockholm and trades under the symbol KLARA B.
OBOS, owned by its members, is one of the
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