K-Fastigheter starts a jointly owned company with Kilenkrysset AB to operate in the Mälardalen region and build K-Fastigheter’s concept house for long-term management of the condominiums developed by Kilenkrysset. The new company will operate under the name K-Fast Kilen AB and K-Fastigheter will hold 51 percent of the share capital.

“With this collaboration, K-Fastigheter will have access to many and attractive building rights in a growth area that is important to us. Kilenkrysset is a large landowner and can supply our joint company with land in areas that K-Fastigheter deems suitable for the construction of apartments in our three concept buildings,” says Jacob Karlsson, CEO of K-Fast Holding AB.

“Kilenkrysset with its geographical proximity and with its broad network will also assist K-Fastigheter in the procurement of infrastructure and land contracts attributable to future housing production. We will build and manage our houses according to the same high demands that we place on all our projects,” continues Jacob Karlsson.

“Kilenkrysset is a privately owned construction and real estate group formed in 1990 and headquartered in Strängnäs. We are one of Sweden’s largest landowners and have the business idea to build, manage, long-term own and develop areas for warehousing and logistics, offices, housing and community benefit. There is great potential in collaborating with K-Fastigheter, we have a largely similar business philosophy,” says Kilenkrysset CEO and founder Jan Persson.

In addition, Finja Prefab AB, a wholly-owned subsidiary of K-Fast Holding AB, has entered into an agreement with the construction and real estate group Kilenkrysset for the acquisition of its prefabricated factory in Strängnäs. The purchase is an important part of K-Fastigheter’s investment in building more rental apartments in the Mälardalen region.

The prefab factory has a turnover of approximately SEK 60 million on an annual basis. The seller is Kilenkrysset Produktion AB, a company within the Kilenkrysset Group. The preliminary purchase price for the shares amounts to SEK 21 million and transfer of the shares will take place on 30 April 2021.

“It feels very positive and gratifying that K-Fastigheter, a strong player in the housing industry, is the buyer. I am very proud of the factory we have built up over the years and it will be exciting to follow its future development,” says Dan Bohman, CEO of Kilen Prefab AB.