K-Fastigheter builds additional rental apartments in Nyköping
K-Fastigheter will build about 60 additional rental apartments in the Oppeby area in Nyköping. There is a legally binding zoning plan and K-Fastigheter expects to start construction during the first half of 2022.
K-Fast Kilen AB, a subsidiary of K-Fastigheter Holding AB (“K-Fastigheter”), has entered into an agreement with Kilen 159 Strängnäs AB to acquire the property Oppeby gård 1:9 in the municipality of Nyköping. The property has received a legally valid zoning plan which enables construction of approximately 4,100 square meters gross floor area (GFA) above ground. K-Fastigheter intends to build around 60 rental apartments in its proprietary concept building Lateral Low-Rise.
“With this transaction, we will continue to be part of the development of Nyköping and the Oppeby district, where we are currently building 100 rental apartments with occupancy during the first half of 2022. It is also gratifying to be able to make our first deal in the jointly venture K-Fast Kilen AB, which we own together with Kilenkrysset AB,” says Magnus Persson, business development manager, K-Fastigheter.
The acquisition takes place through a company transaction and the underlying property value amounts to approximately SEK 12 million. K-Fastigheter has taken possession of the shares. Construction is expected to begin preliminarily during the first half of 2022 and be completed in the second half of 2023.
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 2,305 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 8.0 billion, with an annual rental value of about SEK 280 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
Tags: