Brief: K-Fastigheter Acquires Development Properties In Malmö

K-Fast Holding AB

29/01/2021 09:33

Jan 29 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER ACQUIRES DEVELOPMENT PROPERTIES IN MALMÖ
    * HAS ENTERED INTO AN AGREEMENT WITH SWEDISH LOGISTIC
PROPERTY ON
ACQUISITION OF TWO PROPERTIES IN MALMÖ MUNICIPALITY
    * K-FASTIGHETER INTENDS TO DEVELOP A ZONING PLAN THAT
ENABLES
CONSTRUCTION OF A TOTAL OF APPROXIMATELY 150 APARTMENTS.
    * HAS ENTERED INTO AN AGREEMENT TO ACQUIRE PROPERTIES MALMÖ
KVARNHÖG 19 AND MALMÖ SKJUTSSTALLSLYCKAN 21.
    * UNDERLYING TOTAL PROPERTY VALUE AMOUNTS TO SEK 38.5
MILLION AND
EXPECTED GROSS FLOOR AREA OF 4,300 AND 8,500 SQUARE METERS,
RESPECTIVELY.
    * K-FASTIGHETER WILL TAKE OVER ALL SHARES ON 1ST OF MARCH
2021.
    * ACQUISITION TAKES PLACE THROUGH A COMPANY TRANSACTION AND
TRANSACTION IS FINANCED THROUGH EXISTING CASH
    * TODAY, CERTAIN COMMERCIAL ACTIVITIES ARE CONDUCTED ON BOTH
PLOTS, WHICH CONTRIBUTE REVENUE DURING PERIOD DETAILED PLANNING
PROCESS IS ONGOING.

Source text for Eikon:  ID:nWkr6YlM27 
Further company coverage:  KFASTb.ST 

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