K-Fastigheter buys additional building rights in Mälardalen
K-Fast Kilen AB has acquired building rights with a total gross floor area that amounts to approximately 35,750 square meters for construction of rental apartments and semi detached houses in Strängnäs. The properties have received a legally valid zoning plan and K-Fastigheter plans to begin construction in stages starting in 2022.
K-Fast Kilen AB has acquired building rights with a total gross floor area that amounts to approximately 35,750 square meters for construction of rental apartments and semi detached houses in Strängnäs. The properties have received a legally valid zoning plan and K-Fastigheter plans to begin construction in stages starting in 2022.
K-Fast Kilen AB, a subsidiary of K-Fast Holding AB (“K-Fastigheter”), has entered into an agreement with Kilenkrysset AB for the acquisition of the properties Strängnäs 3:21 and others. Kilenkrysset AB owns 49 percent of K-Fast Kilen AB. The acquisition takes place through a company transaction and the underlying property value amounts to approximately SEK 96.5 million.
The zoning plan allows for a gross floor area (GFA) that amounts to approximately 32,600 square meters for construction of about 350 rental apartments in the Group’s proprietary Lateral Low-Rise and Apartment Block concept buildings and about 3,150 square meters for semi detached houses.
“With this acquisition we enter a new level of collaboration with Kilenkrysset AB which feels great. We now continue to grow in the region of Mälardalen according to plan and establish ourselves in a great location and a beautiful city”, says Magnus Persson, business development manager at K-Fastigheter.
K-Fastigheter expects to take possession during the first quarter of 2022 and plans to begin construction in stages in 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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