Balder agrees on purchase and sale

In a combined transaction between Fastighets AB Balder and K-Fast Holding, Balder is acquiring an investment property in Helsingborg and is concurrently divesting building rights for rental apartments in Västerås.

Through the transaction, Balder will increase its property holdings in Helsingborg while K-Fastigheter will strengthen its presence in Västerås.

“At Balder, we are very satisfied with this agreement, which is a good way for us to refine our building rights portfolio while strengthening our investment property holdings. We are looking forward to taking possession of this fine property in Helsingborg,” says Emil Engelbrektsson, Head of Property Development at Balder.

“We are very happy to be able to expand our presence in Västerås, which is an expansive municipality in the Mälaren Valley. The construction project at Viksäng will complement our already ongoing projects in Västerås in a positive way,” says Magnus Persson, Head of Business Development at K-Fastigheter.

The property Rådhuset 6, which Balder is acquiring in central Helsingborg consists principally of commercial premises for retail, restaurants and offices but also a small number of rental apartments. The transaction is based on an underlying property value of SEK 136m. 

The other part of the transaction means that Balder is selling its building rights in the Viksäng area of Västerås. K-Fastigheter plans to construct approximately 180 rental apartments there in accordance with the company’s low-rise apartment building concept. The underlying property value is SEK 49m. Accessing and vacating the property will occur after completed property reallotment. The profit effect for Balder will be approximately SEK 30m.

For further information, please contact:
Eva Jonasson, Media Relations at Balder
eva.jonasson@balder.se, tel. +46 31 10 79 44

Johan Hammarqvist, Head of Investor Relations and Communications at K-Fastigheter
johan.hammarqvist@k-fastigheter.se, tel. +46 10 167 60 99

Fastighets AB Balder is a listed property company that owns, manages and develops residential and commercial properties in Sweden, Denmark, Finland, Norway, Germany and the United Kingdom. The head office is located in Gothenburg. As of 30 September 2022, the property portfolio had a value of SEK 213.2 billion. The Balder share is listed on Nasdaq Stockholm, Large Cap.