K-Fastigheter acquires properties in Kristianstad and strengthens its presence in the municipality

K-Fastigheter acquires 105 apartments and two preschools in central Kristianstad. K-Fastigheter will take possession on 1 April 2022.

K-Fast Holding AB (“K-Fastigheter”) has entered into an agreement to acquire Christianstads Fastighets AB with the properties Stafvre 7 and others in central Kristianstad. The properties consist of 105 apartments, as well as two preschools with recently signed lease terms of 20 years. The lettable area is approximately 9,000 square meters, and the annual rental value is approximately SEK 13.4 million.

“We are pleased to become the owner of well-managed properties including rental apartments and preschools in Parkstaden, an attractive location close to both the Central Hospital and Kristianstad Central. With this acquisition we strengthen our position in Kristianstad and have a good complement to our portfolio in the municipality,” says Magnus Persson, Business Development Manager at K-Fastigheter.

The acquisition takes place through a company transaction and the underlying property value amounts to approximately SEK 227 million. K-Fastigheter will take possession on 1 April 2022.

For more information, please contact:
Magnus Persson, Business Development manager, e-mail: magnus.persson@k-fastigheter.se, telephone: +46 10 209 61 39
Anders Antonsson, IR Manager, e-mail: anders.antonsson@k-fastigheter.se, telephone: +46 708 730 900

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 2,450 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 8.8 billion, with an annual rental value of about SEK 300 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at www.k-fastigheter.com

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