On the acquired property K-Fastigheter plans to construct approximately 80 rental apartments. Expected yearly rental value amounts to about SEK 13.8 million. Closing and construction start is expected during 2024. The transaction is a share deal and is based on an underlying property value of SEK 36 million.

The acquisition is the first that K-Fastigheter makes in Lund and the building right has a central location in close proximity to Stadsparken (The City Park) and is close to the train station.

“That we can acquire our first building right in Lund is very exciting. It is an attractive city for construction of rental apartments and the location of the building right is very good. I look forward to us being part of the development of Lund with new homes in an attractive location,” says Magnus Persson, Business Development Manager at K-Fastigheter.