K-Fastigheter has entered into an agreement to acquire the property Helsingborg Viktoria 22 in the Tågaborg district in northern Helsingborg. The property currently has an ICA store with leases until 30 June 2023. Underlying total property value amounts to SEK 28 million. Expected gross floor area (GFA) building right above ground amounts to approximately 4,800 square meters.

“We have bought a property in one of Helsingborg’s most attractive locations and in a city where K-Fastigheter has a strong position,” says Jacob Karlsson, CEO of K-Fast Holding AB. “We believe that there is great interest in our apartments and we will build a house that fully utilizes the property’s potential.”

The acquisition takes place through a company transaction and the transaction is financed through existing cash balances. K-Fastigheter will take possession of all shares in Grundbulten 50459 AB (name to be changed to Helsingborg Viktoria 22 Fastighets AB), owner of Helsingborg Viktoria 22, as of 1 July 2021.