On the acquired property K-Fastigheter plans to construct approximately 110 rental apartments in K-Fastigheter’s own developed concept houses Lateral Low-Rise and Apartment Block. Expected yearly rental value amounts to about SEK 16 million. Closing has occurred and construction start is depending on when a building permit is received which preliminarily is expected during 2023. The transaction is a share deal and is based on an underlying property value of SEK 12 million.

“The property we acquire has an excellent location in Älvängen close to public transportation and public services such as childcare, schools and health care as well as grocery stores. We see a great potential in the municipality with its good geographical location and look forward to adding new attractive rental apartments and contribute to the development of the municipality,” says Magnus Persson, Business Development Manager at K-Fastigheter.