Brief: K-Fastigheter Obtains Building Rights For 130 Rental Apartments In Höganäs

K-Fast Holding AB

09/05/2022 07:37

May 9 (Reuters) - K-Fast Holding AB  KFASTb.ST :
    * K-FASTIGHETER OBTAINS BUILDING RIGHTS FOR 130 RENTAL
APARTMENTS
IN HÖGANÄS
    * HAS ENTERED INTO AN AGREEMENT WITH SBB ON ACQUISITION OF
SUBSIDIARY THAT OWNS PART OF PROPERTIES OLYMPIA 14 AND STATAREN
2 IN HÖGANÄS
    * K-FASTIGHETER PLANS TO BUILD APPROXIMATELY 130 RENTAL
APARTMENTS
IN GROUP'S PROPRIETARY CONCEPT BUILDINGS APARTMENT BLOCK AND
LATERAL LOW-RISE IN HÖGANÄS.
    * K-FAST HOLDING AB ("K-FASTIGHETER") ACQUIRES PARTS OF TWO
PROPERTIES IN HÖGANÄS AND DIVESTS PROPERTIES IN KRISTIANSTAD AND
HÄSSLEHOLM THROUGH A JOINT VENTURE TRANSACTION WITH SBB
    * TRANSACTION INVOLVES K-FASTIGHETER ACQUIRING COMPANIES
OWNING
PART OF OLYMPIA 14 AND PART OF STATAREN 2 WITH AN ESTIMATED
TOTAL UNDERLYING PROPERTY VALUE ESTIMATED TO SEK 50.8 MILLION
    * K-FASTIGHETER HAS AGREED TO SELL SUBSIDIARIES AS OWNERS OF
PROPERTIES IN HÄSSLEHOLM AND KRISTIANSTAD ON WHICH THERE ARE
EXISTING COMMUNITY PROPERTIES (ONE SPECIAL ACCOMMODATION AND TWO
PRESCHOOLS), PROPERTIES ARE VALUED AT SEK 50.8 MILLION.
    * TRANSFER OF ASSETS WILL TAKE PLACE ONCE ZONING PLAN HAS
GAINED
LEGAL FORCE AND OTHER CONDITIONS HAVE BEEN FULFILLED.

Source text for Eikon:  ID:nWkr7QfPT3 
Further company coverage:  KFASTb.ST 

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