K-Fastigheter  has entered into an agreement to acquire the property Falkenberg Motorn 16, with address Sanddynevägen 42, in western Falkenberg. Underlying property value amounts to SEK 16.1 million with an expected gross area of 12,000 square meters.

With the deal, K-Fastigheter is taking the first step into Falkenberg. We will immediately begin work on producing a zoning plan that utilizes the qualities that exist with the location close to the sea, with short distances to both the city center and a variety of outdoor activities,”,says Jacob Karlsson, CEO of K-Fast Holding AB.

“Until the property receives a zoning plan for housing, our goal is to operate a padel hall in the existing building on the property, either in-house or through a tenant, in order to receive income during the period we are developing the property. We have an ongoing dialogue with a couple of operators.”

The acquisition takes place through a company transaction and the transaction is financed through existing cash balances. K-Fastigheter will take ownership of all shares at the beginning of February 2021.