On the acquired property K-Fast Kilen plans to construct up to 300 rental apartments in K-Fastigheter’s own developed concept houses Lateral Low-Rise and Apartment Block. Expected yearly rental value when fully completed amounts to SEK 41 million. Closing and construction start will take place gradually starting during 2023. The transaction is a share deal and is based on an underlying property value of SEK 111 million.
“Through the acquisition, we are for the first time establishing ourselves in Örebro, which is a market where we see great potential. We look forward to being part of developing Örebro as a city through the addition of new attractive rental apartments. I am very happy that we can continue our good collaboration with Kilenkrysset” says Magnus Persson, Business Development Manager at K-Fastigheter.
K-Fast Kilen AB, is 51 percent owned by K-Fast Holding AB (“K-Fastigheter”) and 49 percent owned by Kilenkrysset.