Brief: K-Fastigheter Acquires Development Property In Kristianstad

K-Fast Holding AB

12/07/2021 07:34

July 12 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER ACQUIRES DEVELOPMENT PROPERTY IN
KRISTIANSTAD
    * HAS ENTERED INTO AN AGREEMENT WITH SÄLJFAST HOLDING AB TO
ACQUIRE PROPERTY KRISTIANSTAD REVISORN 8 AND 10 IN KRISTIANSTAD
MUNICIPALITY.
    * K-FASTIGHETER INTENDS TO BUILD APPROXIMATELY 150
APARTMENTS IN
GROUP'S PROPRIETARY LOW-RISE CONCEPT BUILDINGS
    * TRANSACTION IS CONDITIONAL ON ZONING PLAN COMING INTO
FORCE.
    * HAS ENTERED INTO AN AGREEMENT WITH SÄLJFAST HOLDING AB TO
ACQUIRE PRO
    * ACQUISITION TAKES PLACE THROUGH A COMPANY TRANSACTION AND
TRANSACTION IS FINANCED THROUGH EXISTING CASH BALANCES.
    * K-FASTIGHETER WILL TAKE POSSESSION OF PROPERTY AT TIME OF
APPROVED ZONING PLAN.

Source text for Eikon:  ID:nWkr6HLDSb 
Further company coverage:  KFASTb.ST 

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