K-Fastigheter intends to start a cooperation with Titania
K-Fast Holding AB (“K-Fastigheter”) has signed a Letter of Intent with Titania for a Joint Venture regarding a building right in Vallentuna comprising 74 apartments. K-Fastigheter intends to acquire 50 percent of the shares in the company that owns the property Vallentuna Vallentuna-Rickeby 1:48 from a company within the Titania Group. A legally binding zoning plan is in place. On the acquired property K-Fastigheter and Titania plans to construct approximately 74 rental apartments in the joint company. Estimated Yield on Cost for the project is 6.3 percent. Closing is expected during