K-Fastigheter buys its first building right in Lund

K-Fast Holding AB (“K-Fastigheter”) has acquired a building right for approximately 80 rental apartments in Lund. The acquisition is made from a company within the Brinova Group and regards all the shares in the company that, after subdivision, will own part of the property Sandryggen 1. A legally binding zoning plan is in place.

On the acquired property K-Fastigheter plans to construct approximately 80 rental apartments. Expected yearly rental value amounts to about SEK 13.8 million. Closing and construction start is expected during 2024. The transaction is a share deal and is based on an underlying property value of SEK 36 million.

The acquisition is the first that K-Fastigheter makes in Lund and the building right has a central location in close proximity to Stadsparken (The City Park) and is close to the train station.

“That we can acquire our first building right in Lund is very exciting. It is an attractive city for construction of rental apartments and the location of the building right is very good. I look forward to us being part of the development of Lund with new homes in an attractive location”, 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