K-Fastigheter buys construction project in Solrød Strand
K-Fast Holding AB has entered into an agreement to acquire the shares in the Danish company Skibsager 56–118 ApS. The company owns an ongoing construction project of a total of 32 apartments in Solrød Strand, southwest of Copenhagen. K-Fastigheter will accede the shares after the construction is completed, scheduled for December 2021.
K-Fast Holding AB (“K-Fastigheter”) has acquired an ongoing construction project in Solrød Strand comprising of 32 apartments and 49 parking spaces, total lettable area amounts to 3,307 square meters.
“In Solrød Strand, about 30 km southwest of Copenhagen, a new residential area is being built, Trylleskov Strand. The area has a very attractive location with proximity to both beach and nature such as motorways and public transport to, for example, Copenhagen and Roskilde”, says Jacob Karlsson, CEO of K-Fastigheter.
“The Danish construction company Holm Huse is currently building the apartments we intend to buy. Since Holm Huse started its operations in 1965, their focus has been on building high-quality homes with high energy efficiency and great care for both the indoor environment and the surrounding residential area. Like K-Fastigheter, they were early on in developing industrial thinking in the construction industry. I look forward to being able to offer our tenants a high standard of living when the homes are ready in December 2021”, says Jacob Karlsson.
The purchase price is based on the underlying property value of DKK 91.4 million and the transaction is financed through existing cash balances. Lettable area amounts to a total of 3,307 square meters, with an annual rental value of approximately DKK 4.9 million after access.
For further information, please contact:
Jacob Karlsson, CEO and founder, K-Fast Holding AB,
e-mail: jacob.karlsson@k-fastigheter.se, phone: +46 10 167 60 71
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 1,900 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 5.8 billion, with an annual rental value of about SEK 220 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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