Brief: K-Fastigheter And BoKlok Continue Their Collaboration To Develop 260 Rental Apartments

K-Fast Holding AB

08/06/2021 07:36

June 8 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER AND BOKLOK CONTINUE THEIR COLLABORATION TO
JOINTLY
DEVELOP 260 RENTAL APARTMENTS
    * K-FASTIGHETER BUYS BUILDING RIGHTS FOR APPROXIMATELY 260
NEW
RENTAL APARTMENTS FROM BOKLOK, WHICH WILL BE DEVELOPED JOINTLY
FOR K-FASTIGHETER'S LONG-TERM MANAGEMENT
    * TODAY'S AGREEMENT IS A STEP IN ONGOING COLLABORATION
BETWEEN
K-FASTIGHETER AND BOKLOK AND MEANS THAT COMPANIES WILL BUILD NEW
APARTMENTS IN VÄNERSBORG, UPPSALA AND ESKILSTUNA
    * ACQUISITION TAKES PLACE THROUGH THREE SEPARATE REAL ESTATE
TRANSACTIONS
    * K-FASTIGHETER ALSO SIGNS TWO TURNKEY CONTRACTS WITH BOKLOK
FOR A
TOTAL OF 100 APARTMENTS.
    * TOTAL INVESTMENT INCLUDING K-FASTIGHETER'S INTERNAL
CONTRACT FOR
160 APARTMENTS AMOUNTS TO SEK 510 MILLION, WITH AN EXPECTED
FUTURE MARKET VALUE OF SEK 630 MILLION.

Source text for Eikon:  ID:nWkr1FwhPD 
Further company coverage:  KFASTb.ST 

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