K-Fastigheter buys building right in Eskilstuna

K-Fast Holding AB (“K-Fastigheter”) has acquired a building right for approximately 85 rental apartments in Eskilstuna. The transaction is made with Dagmar Fastigheter AB and covers all the shares in the company that owns the property Förvaltaren 2 in a central location in Eskilstuna. Closing will occur when a legally binding zoning plan is in place.

On the acquired property K-Fastigheter plans to construct approximately 85 rental apartments in K-Fastigheter’s own developed concept houses Lateral Low-Rise and Apartment Block Plus. Expected yearly rental value amounts to about SEK 12 million. Closing and construction start will occur when a legally binding zoning plan is in place which is expected to be during 2024. The transaction is a share deal and is based on an underlying property value of about SEK 19 million.

“Eskilstuna is an attractive city and we are happy to be able to acquire an additional building right in the municipality. The work with the zoning plan is ongoing and from K-Fastigheter’s side we are excited to be a part in developing Eskilstuna by adding new attractive rental apartments in a central location”, says Magnus Persson, Business Development Manager at K-Fastigheter.

For more information, please contact:
Magnus Persson, Business Development Manager,
e-mail: magnus.persson@k-fastigheter.se, telephone:  +46 (0)10 209 61 39

Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: johan.hammarqvist@k-fastigheter.se, telephone: +46 (0)10-167 60 99
 

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 3,700 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 13.1 billion, with an annual rental value of about SEK 490 million. Since November 2019, the company’s Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at k-fastigheter.com