Aros Bostadsutveckling AB publ ("Aros Bostad") has published the six month report for January to June 2021. For Aros Bostad, the reporting period contained high activity and good sales in a strong residential market. During the second quarter, the company listed its ordinary shares at OMX Nasdaq First North, thereby enabling a higher pace in the development of wholly-owned residential development projects. Further, additional building rights were acquired during the second quarter and two development projects were divested as rental apartment projects to institutional investors after the reporting period.
Magnus Andersson, CEO Aros Bostad:
"The divestment of the development projects shows the strength of Aros Bostad's building rights portfolio. We continuously evaluate the market and are able to act fast upon business opportunities as they come our way. In parallel to excellent project returns, we can accelerate the project development pace of our project portfolio and increase the number of residential units in production at an earlier stage."
This information is information that Aros Bostad is obliged to make public pursuant to the EU Market Abuse Regulation (EU 596/2014). The information in this press release has been made public through the agency of the responsible person set out above for publication at the time stated the Company's news distributor, Cision, at the publication of this press release
Financial information in English at https://arosbostad.se/investerare/in-english/
This disclosure contains information that Aros Bostadsutveckling AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-08-2021 07:00 CET.