Parkstadt Karlshorst: The total development scheme !

Full Year 2018 Bonava AB (publ) Earnings Call SOLNA Jan 28, 2019 (Thomson StreetEvents) — Edited Transcript of Bonava AB (publ) earnings conference call or presentation Thursday, January 24, 2019 at 9:00:00am GMT “And then Parkstadt Karlshorst is even bigger. We sold a huge package, 470 units, to investors in December, but as you can see, the total development scheme is 1,000 units. And we brag about this project sometimes because it’s a very good example of what the German society or what we can do within German legislation when it comes to residential development. >>>> We changed the zoning incorporation with the municipalities, with the local municipality, and within 1.5 years’ time, we were able to put the shovel in the ground. <<<< I can’t see any large Swedish or for that sake, Scandinavian developer who can compete with such a high speed going through a zoning process that we can do in Germany. So that is 1 reason why we really enjoyed being on that market.”

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