Brief: K-Fastigheter Buys Building Right In Lund From Brinova

Brinova Fastigheter AB (publ)

25/05/2023 08:40

May 25 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * SAID ON WEDNESDAY IT BOUGHT ITS FIRST BUILDING RIGHT IN
LUND
    * ACQUISITION IS MADE FROM A COMPANY WITHIN THE BRINOVA
GROUP AND
REGARDS ALL THE SHARES IN THE COMPANY THAT, AFTER SUBDIVISION,
WILL OWN PART OF THE PROPERTY SANDRYGGEN 1
    * ON THE ACQUIRED PROPERTY K-FASTIGHETER PLANS TO CONSTRUCT
APPROXIMATELY 80 RENTAL APARTMENTS
    * CLOSING AND CONSTRUCTION START IS EXPECTED DURING 2024
    * LEGALLY BINDING ZONING PLAN IS IN PLACE
    * TRANSACTION IS A SHARE DEAL AND IS BASED ON AN UNDERLYING
PROPERTY VALUE OF SEK 36 MILLION

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8mkJJp  urn:newsml:reuters.com:*:nWkr7F83Y9
 Further company coverage:  KFASTb.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))