K-Fastigheter buys building right in Kävlinge

K-Fast Holding AB (“K-Fastigheter”) has acquired a building right in Kävlinge together with Selihof. The acquisition is made from a company within the Wästbygg Group and regards all the shares in the company that owns the property Kävlinge Hackmästaren 1. A legally binding zoning plan is in place. Through subdivision the property will be divided between the buyers.

On the part of the acquired property that K-Fastigheter will own the company plans to construct approximately 25 rental apartments in K-Fastigheter’s own developed concept house Low Rise. Expected yearly rental value amounts to about SEK 3.3 million. Closing has occurred and construction start is expected during 2024. The transaction is a share deal and is based on an underlying property value of approximately SEK 7 million for the part that is acquired by K-Fastigheter.

“Kävlinge has an excellent geographical location and a need for new housing. Through the acquisition, K-Fastigheter can build in the property portfolio the company already has in Kävlinge and at the same time contribute to developing the municipality. Our Low Rise houses fit well into the mix of homes in the town“ says Magnus Persson, Business Development Manager at K-Fastigheter.

For more information, please contact:
Magnus Persson, Business Development Manager
e-post: [email protected], telephone: +46 (0)10-209 61 39

Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: [email protected], telephone: +46 (0)10-167 60 99
 

As a property company, K-Fastigheter’s objective is to add value for tenants by creating attractive homes with superior comfort. The Group’s operations encompass active property management, project development and proprietary construction operations. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept buildings, developed in-house and constructed for proprietary management. K-Fastigheter provides some 3,830 homes in several locations in the Öresund region, in the province of Småland and in western Sweden, and is assessing new markets as production capacity increases. The Group’s property portfolio has a book value SEK 13.6 billion, with an annual rental value of about SEK 504 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at k-fastigheter.com