Brief: K-Fastigheter Acquires Development Property In Barkarbystaden

K-Fast Holding AB

22/04/2021 06:55

April 22 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * SAID ON WEDNESDAY K-FASTIGHETER ACQUIRES DEVELOPMENT
PROPERTY IN
BARKARBYSTADEN
    * ENTERED AN AGREEMENT WITH KUNGSLEDEN RELATING TO THE
ACQUISITION
OF THE PROPERTY JÄRFÄLLA VEDDESTA 2:65
    * TRANSACTION IS IN THE FORM OF A COMPANY TRANSFER AND IS
CONDITIONAL ON THE DETAILED ZONING PLAN GAINING LEGAL FORCE BY
NO LATER THAN DEC 31, 2025
    * PLANS TO BUILD UP TO 400 RENTAL APARTMENTS ON THE PROPERTY
    * SELLER IS KUNGSLEDEN SILLBERGET AB
    * UNDERLYING TOTAL PROPERTY VALUE IS SOME SEK 259 MILLION
AND THE
EXPECTED GROSS TOTAL AREA (GTA) AMOUNTS TO JUST OVER 32,000
SQUARE METERS
    * TAKES POSSESSION OF ALL THE SHARES IN KOMMSTART 3161 AB,
THE
OWNER OF JÄRFÄLLA VEDDESTA 2:65, ON THE DATE OF APPROVED ZONING
PLAN, EXPECTED TO TAKE PLACE IN Q4 OF 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr2x5J6V
    
 Further company coverage:  KFASTb.ST  
   


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