On the acquired property K-Fastigheter and Titania plans to construct approximately 74 rental apartments in the joint company. Estimated Yield on Cost for the project is 6.3 percent. Closing is expected during 2023 and preliminary construction start is at the turn of the year 2023/2024. The transaction is a share deal.

The cooperation regarding the property in Vallentuna is the first between K-Fastigheter and Titania. The agreement is expected to be signed during the third quarter 2023.

“I am happy that we together with Titania get the opportunity to grow in the Stockholm area. From K-Fastigheter´s side, we look forward to cooperating long-term with Titania and contribute to the market getting more attractive rental apartments,“ says Magnus Persson, Business Development Manager at K-Fastigheter.

“We are happy to have found a suitable project to start what we hope will be a long-term cooperation with K-Fastigheter. There is a consensus in our organizations regarding rent setting as well as management, but above all how to efficiently run housing construction and achieve profitability by controlling the value chain,“ says Wojciech Wondell, COO at Titania.