On the acquired property K-Fastigheter plans to construct approximately 85 rental apartments in K-Fastigheter’s own developed concept houses Lateral Low-Rise and Apartment Block Plus. Expected yearly rental value amounts to about SEK 12 million. Closing and construction start will occur when a legally binding zoning plan is in place which is expected to be during 2024. The transaction is a share deal and is based on an underlying property value of about SEK 19 million.

“Eskilstuna is an attractive city and we are happy to be able to acquire an additional building right in the municipality. The work with the zoning plan is ongoing and from K-Fastigheter’s side we are excited to be a part in developing Eskilstuna by adding new attractive rental apartments in a central location”, says Magnus Persson, Business Development Manager at K-Fastigheter.