The property, which was completed in 2023, contains 83 rental apartments with a lettable area of 3,852 sqm (living space) and has Nordic Ecolabel certification. The sale means that K2A has sold a total of eleven properties in 2023.

"Once again, we're demonstrating that K2A's assets - homes in attractive locations with stringent environmental requirements and high standards - are also attractive in today's transaction market," says Johan Knaust, CEO of K2A. "Through this sale, we're freeing up additional liquidity and boosting our balance sheet."

K2A is transferring the property with vacant possession on 19 December. The sale is based on an underlying property value of SEK 135.7 million, with a deduction for deferred tax of 5.15 percent. The valuation corresponds to 99.8 percent of the book value of the property as of 30 September 2023.

The buyer, Bantorget, is owned by seven trade unions in the LO (Swedish Trade Union Confederation) sphere, with the company being constituted in 2017. The company currently owns newly constructed rental housing in Stockholm, Gothenburg, Malmö, Linköping and Umeå.