K2A sells in Luleå

Johan Knaust, CEO of K2A.

Image: K2A

K2A sells in Luleå

Sweden — K2A Knaust & Andersson Fastigheter sells the properties Luleå Glidet 1 and Luleå Vallan 1 to HSB Norr. The sale takes place at an underlying property value of a total of SEK 330 million, and after repayment of bank loans, approximately SEK 108 million in liquidity is released.

2024-06-17

The properties were built in 2023, are environmentally certified in accordance with Miljöbyggnad Silver and contain a total of 210 rental homes with a rentable area of 10,087 square meters.

"The sale is part of our strategy to increase liquidity and strengthen our balance sheet. We are now freeing up equity of just over SEK 100 million and we plan to make more transactions going forward. We continue to see that there is a great demand for housing in attractive locations which meets high environmental standards," says Johan Knaust, CEO of K2A.

The transaction is carried out in incorporated form and K2A transfers the properties with withdrawal on 28 June 2024. The sale is based on an underlying property value of SEK 330 million. No deduction for deferred tax has been made. Total rental value is SEK 19 million.

Newsec has acted as advisor to K2A.

Axel Ohlsson

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