K-Fastigheter buys building right to build 60 rental apartments in Gävle

K-Fast Holding AB and BoKlok have signed an agreement on the development of a building right in Gävle, and are planning to construct 60 rental apartments with a lettable area of 3,876 square metres.

The strategic partnership between K-Fast Holding AB (“K-Fastigheter”) and BoKlok, a company jointly owned by Skanska and IKEA, was initiated in April 2020 with the aim of developing building rights and affordable housing. The goal of the collaboration is to jointly build up to a thousand apartments over the next three years.

In Gävle, K-Fastigheter acquires part of the property Gävle Sätra 108:29 in northwest Gävle from the seller Skanska. The property has received a detailed development plan and building permits for 60 housing units, which will be constructed in accordance with BoKlok’s concept and K-Fastigheter will own and manage the apartments.

“At the end of April we announced our plans to build four Apartment Blocks with a total of 88 apartments in the Strömsbro district and with today’s agreement for an additional 60 apartments in nearby Sätra, we will get a good property portfolio in Gävle,” says Jacob Karlsson, CEO of K-Fast Holding AB.

“It is gratifying that we can keep a high momentum in our collaboration, and extra gratifying is that we can do it in a time characterized by corona and general caution,” says Niclas Bagler, BoKlok Sweden’s manager. “We share K-Fastigheter's ambition to create attractive and affordable housing through a high degree of industrialization and look forward to being able to deliver 60 apartments for occupancy by the end of 2021.”

The total rental value is estimated to amount to approximately SEK 6.8 million after the project has been completed.

For further information, please contact:
Jacob Karlsson, CEO, e-mail: jacob.karlsson@k-fastigheter.se, telephone: +46 738 219 626

Anders Antonsson, IR Manager, e-mail: anders.antonsson@k-fastigheter.se, telephone: +46 709 994 970

Sacha Pardon, Head of Communications & Public Affairs, BoKlok, e-mail: sacha.pardon@boklok.se, telephone: +46 702 763 426

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 1,800 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 of approximately SEK 5.0 billion, with an annual rental value of about SEK 210 million. Since November 2019, the company’s class B shares have been traded on Nasdaq Stockholm (ticker: KFAST B). Read more at www.k-fastigheter.se

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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 1,800 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 of approximately SEK 5.0 billion, with an annual rental value of about SEK 210 million. Since November 2019, the company’s class B shares have been traded on Nasdaq Stockholm (ticker: KFAST B). Read more at www.k-fastigheter.se

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K-Fastigheter and BoKlok have signed an agreement on the development of a building right in Gävle, and are planning to construct 60 rental apartments with a lettable area of 3,876 square metres.
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At the end of April we announced our plans to build four Apartment Blocks with a total of 88 apartments in the Strömsbro district and with today’s agreement for an additional 60 apartments in nearby Sätra, we will get a good property portfolio in Gävle.
Jacob Karlsson, CEO of K-Fast Holding AB