Brief: K-Fastigheter Buys Building Rights In Västerås, Sells Investment Property

K-Fast Holding AB

29/12/2022 16:05

Dec 29 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER BUYS BUILDING RIGHTS IN VÄSTERÅS AND SELLS
INVESTMENT PROPERTY WITH MAINLY COMMERCIAL PREMISES IN
HELSINGBORG
    * ACQUIRED BUILDING RIGHTS FOR UP TO 180 RENTAL APARTMENTS
IN
VÄSTERÅS
    * BUILDING RIGHTS COVER PART OF PROPERTY VAPENROCKEN 1 AND
ARE
ACQUIRED FROM FASTIGHETS AB BALDER
    * CLOSING AND CONSTRUCTION START IS EXPECTED DURING 2023
    * TRANSACTION IS A SHARE DEAL AND IS BASED ON AN UNDERLYING
PROPERTY VALUE OF SEK 49 MILLION
    * IN CONJUNCTION WITH ACQUISITION OF PART OF PROPERTY
VAPENROCKEN
1, CO IS DOING BARTER DEAL, MEANING THAT CO WILL DIVEST
INVESTMENT PROPERTY RÅDHUSET 6 IN HELSINGBORG TO BALDER
    * TRANSACTION IS A SHARE DEAL AND RÅDHUSET 6 HAS AN
UNDERLYING
PROPERTY VALUE OF SEK 136 MILLION AND CONSIST MOSTLY OF
COMMERCIAL PREMISES
    * UNDERLYING PROPERTY VALUE IS WITHOUT DEDUCTION FOR
DEFERRED TAX
AND IN LINE WITH BOOK VALUE AS OF Q3 2022

Source text for Eikon:  ID:nWkrbzp1Sy 
Further company coverage:  KFASTb.ST 
 (Gdansk Newsroom)
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