Brief: K-Fastigheter Buys Development Property In Borås

K-Fast Holding AB

31/03/2021 10:31

March 31 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER ACQUIRES CASHFLOW-GENERATING DEVELOPMENT
PROPERTY
IN BORÅS
    * SIGNED AN AGREEMENT WITH VÄSTPROJEKT AB AND PARTNERS
RELATING TO
ACQUISITION OF PROPERTY BORÅS GETÄNGEN 22 IN MUNICIPALITY OF
BORÅS
    * UNDERLYING TOTAL PROPERTY VALUE AMOUNTS TO SEK 47 M AND IS
BASED
ON A DIRECT RETURN REQUIREMENT OF 6.5 PERCENT AT CURRENT RENTAL
VALUES
    * AS OF TODAY'S DATE, K-FASTIGHETER PAID A PRELIMINARY
PURCHASE
PRICE OF SOME SEK 15.7 MILLION AND TOOK POSSESSION OF ALL SHARES
IN FASTIGHETSAKTIEBOLAGET GETÄNGEN 22 AB, OWNER OF BORÅS
GETÄNGEN 22
    * ADDITIONAL PURCHASE CONSIDERATION IS PAYABLE WHEN NEW
ZONING
PLAN GAINS LEGAL FORCE, TOTALING SEK 2,700 PER SQUARE METER GTA
ABOVE GROUND, LESS PRELIMINARY PURCHASE PRICE PAID
    * TRANSACTION IS FINANCED WITH EXISTING CASH, IN COMBINATION
WITH
K-FASTIGHETER TAKING OVER EXISTING BANK LOANS

Source text for Eikon:  ID:nWkrcbc4tF 
Further company coverage:  KFASTb.ST 

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