Sweden — K2A Knaust & Andersson Fastigheter is selling its Umeå Äppellunden 1 property to Bantorget Hyresbostäder. The sale is taking place at an underlying property value of SEK 135.7 million (EUR 11.6 million), which corresponds to 99.8 percent of the book value as of the latest interim report.

Sweden — K2A Knaust & Andersson Fastigheter has completed a sale comprising four properties in Växjö with an underlying property value of SEK 650 million. K2A is transferring the properties with vacant possession on 30 June 2023. The buyer is Resinova Bostad AB.

Sweden — K2A Knaust & Andersson Fastigheter is a new associate member of Public Housing Sweden. K2A’s application was approved at Public Housing Sweden’s Board meeting on 21 October 2022.

Sweden — K2A Knaust & Andersson Fastigheter AB is pausing production at its K2A Trähus subsidiary and postponing a number of construction starts planned for 2022 and 2023. As a result, the majority of the employees at K2A Trähus are being issued with redundancy notices. K2A is also postponing its operational growth target of 10,000 managed apartments and no longer has the target that this will be achieved in 2025. However, the company is reaffirming its existing financial growth targets.

Sweden — SBB and K2A have jointly signed rental agreements with the Swedish Police Authority and the Swedish Prison and Probation Service to let a total of approximately 42,500 square metres in Västerås. The total annual rental value of the agreements is just over MSEK 95 with a contract term of 20 years.

Sweden — Johan Knaust, CEO of K2A Knaust & Andersson Fastigheter, has been nominated for a Sustainable Leadership award, which is presented by NMC The Swedish Association for Sustainable Business.

Sweden — K2A acquires a residential property in Luleå for MSEK 184.

Sweden — K2A has signed an agreement to acquire the properties Uppsala 50:1 and 50:2 from Midroc, where 216 rental homes and a LSS home with six homes will be developed.

Sweden — K2A buys the property Växjö Skärvet 11 from Skanska. The transaction is based on a property value of approximately MSEK 134 and K2A will access the project upon completion, which is scheduled for Q2 2022.

Sweden — K2A acquires 30 percent of Genova Property Groups company Genova Hold 23.