K-Fastigheter has entered into an agreement to acquire two properties in an attractive area in Älmhult. On the properties, K-Fastigheter intends to construct the Group’s proprietary concept buildings with up to 85 rental apartments.
“Älmhult is expanding and the municipality wants to develop its urban area to attract more people who want to live and work in the municipality. Our Low Rise, Lateral Low-rise and Apartment Block concept buildings fits well into these plans and provides high quality housing at a reasonable rent. We expect to start construction of our new projects on Prismagatan in early 2021” says Åsa Fredin, Business Area Manager for K-Fastigheter Project Development.
In Älmhult, K-Fastigheter currently has 57 apartments under management and 32 in production. Älmhult and nearby Växjö form a combined property management unit.
The purchase price amounts to SEK 5.1 million and is financed through existing cash balances. The estimated lettable area amounts to a total of 5,500 square metres, with an annual rental value of approximately SEK 9.6 million. Transfer of the properties will be finalised following granted building permits.