K-Fast Holding AB: K-Fastigheter buys building right in Malmö

On the acquired property in Kirsebergsstaden K-Fastigheter plans to construct close to 160 rental apartments in a Lateral Low rise house developed in accordance with the Groups concept. Expected yearly rental value amounts to about SEK 24 million. Closing is expected in the third quarter of 2024 and construction start is expected during the fourth quarter 2024. Estimated construction time amounts to about 24 months. The transaction is a share deal and is based on an underlying property value of about SEK 50 million.

Since before, K-Fastigheter has 272 apartments under management in Malmö. Through the acquisition of Skjutskontoret 3, the portfolio in Malmö is increased considerably.

"It is very positive that we can acquire this building right. Malmö is a dynamic city in need of more housing and is therefore a good market for K-Fastigheter to grow on. We would like to continue to gradually strengthen our position in Malmö and in this way create value for the company and get an efficient property management through more apartments" says Magnus Persson, Business Development Manager at K-Fastigheter.

For more information, please contact:
Magnus Persson, Business Development Manager
e-post: 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
 

K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the two business segments Construction and Property Management. In business segment Construction the objective is to deliver completed housing units based on the Group's concept houses, developed in-house, as well as high-quality frame solutions. Our prefab operations is organized in the subsidiary K-Prefab. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses for housing, developed in-house. Business segment Property Management manages the Groups property portfolio with focus on housing. K-Fastigheter offers more than 5,000 homes from Copenhagen in the south to Gävle in the north and is continuously assessing new markets. K-Fastigheter strive to create attractive homes with a high comfort factor. The Group's property portfolio has a book value SEK 15,3 billion. Annual rental value in invest properties under management amounts to SEK 686 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.