K-Fast Holding AB (“K-Fastigheter”), an active and committed landlord offering attractive homes in southwestern Sweden, has acquired the shares in Elliot Fastigheter AB, which owns the Helsingborg Långeberga 4:6 property. The vendor is NHD Invest AB, with the preliminary purchase consideration amounting to SEK 60 million, based on SEK 1,500 per square metre gross total area (“GTA”), and conditional on planning gaining legal force.

“The property forms part of the municipality’s general plan and we will have access to an area that will be very attractive with good access to both nature and major roads. The plan also includes a train station on the Skånebanan line, connecting Helsingborg and Hässleholm,” says Jacob Karlsson, CEO of K-Fast Holding AB.

K-Fastigheter will apply for a detailed plan with GTA of 40,000 to 60,000 square metres and up to 650 homes. The transaction is being financed through existing cash balances and K-Fastigheter will take possession of the site once the detailed development plan has gained legal force.