Brief: K-Fastigheter Buys Building Rights In Örebro

K-Fast Holding AB

28/12/2022 09:04

Dec 28 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER BUYS BUILDING RIGHTS IN ÖREBRO
    * K-FAST KILEN AB HAS ACQUIRED BUILDING RIGHTS FOR UP TO 300
RENTAL APARTMENTS IN ÖREBRO
    * A LEGALLY BINDING ZONING PLAN IS IN PLACE FOR AREA AND
CONSTRUCTION START IS EXPECTED GRADUALLY FROM 2023.
    * BUILDING RIGHTS COVERS PART OF PROPERTY ÖREBRO ALMEBY
12:43 AND
IS ACQUIRED FROM A SUBSIDIARY TO LANTMÄNNEN FASTIGHETER AB
    * ON ACQUIRED PROPERTY K-FAST KILEN PLANS TO CONSTRUCT UP TO
300
RENTAL APARTMENTS
    * EXPECTED YEARLY RENTAL VALUE WHEN FULLY COMPLETED AMOUNTS
TO SEK
41 MILLION
    * CLOSING AND CONSTRUCTION START WILL TAKE PLACE GRADUALLY
STARTING DURING 2023
    * TRANSACTION IS A SHARE DEAL AND IS BASED ON AN UNDERLYING
PROPERTY VALUE OF SEK 111 MILLION

Source text for Eikon:  ID:nWkr7dHNGz 
Further company coverage:  KFASTb.ST 
 (Gdansk Newsroom)
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