On September 11th, 2023, it was announced in a press release that K-Fastigheter is exploring the possibility to divest a property portfolio in Denmark. A letter of intent has been signed with an institutional investor regarding the divestment of the portfolio. The sales process with technical and economical due diligence is progressing and, subject to the parties entering a binding agreement, the transfer of the properties is expected during the second quarter of 2024.

The transaction is based on an underlying property value of about SEK 1,070 million (EUR 95 million). The book value of the properties was SEK 1,145 million (EUR 102 million) at the end of the fourth quarter 2023.

The divestment is made to strengthen the balance sheet and to be able to continue to acquire building rights and start construction of new projects.