K-Fast Holding AB ("K-Fastigheter") has signed an agreement regarding the property portfolio in the Gothenburg area that the company earlier signed a letter of intent for. The buyer is an institutional investor.

On June 5^th, 2025, it was announced in a press release that K-Fastigheter had signed a letter of intent regarding the divestment of a property portfolio in the Gothenburg area. The parties have now signed an agreement, subject to conditions being fulfilled, regarding the portfolio comprising 681 apartments under management and construction. The transaction is among other things conditional on approved financing. The intent is that the buyer, an institutional investor, will take over the completed properties comprising 264 apartments on September 30^th, 2025. The properties under construction comprising 417 apartments will be taken over as they are completed, which is expected to be the second quarter of 2026, the first quarter of 2026 and the second quarter of 2027.

The transaction is made at a total portfolio value of SEK 1,888 million with a 50% deduction for deferred tax, corresponding to an expected net value of SEK 1,839 million. The net book value is expected to amount to SEK 1,856 million upon completion. The transaction is expected to provide K-Fastigheter with a net liquidity contribution of about SEK 592 million during the period, of which SEK 198 million is expected to be received in 2025, SEK 104 million in 2026 and SEK 290 million in 2027. The liquidity contribution will be used to strengthen the balance sheet and to enable construction starts.

"I am very pleased with the transaction. The transaction shows that our concept houses are competitive in the market and I look forward to handing over the properties under management on September 30th and the ongoing constructions when they are complete. Through the transaction, we continue to focus on our contracting business where we will offer the market attractive housing," says Jacob Karlsson, CEO of K-Fastigheter.

The portfolio in question comprises 17,234 square meters of housing area under management in the municipalities of Gothenburg, Ale and Vänersborg and 24,843 square meters of housing area under construction in the municipalities of Gothenburg and Ale.

Together, the parties will also manage the property fund through a joint venture. K-Fastigheter will own 40 percent of the joint venture. The portfolio now sold by K-Fastigheter will form the basis of the fund that the buyer will establish. In a joint venture, K-Fastigheter's knowledge of the property market and associated property management can be combined with the institutional investor's expertise in capital raising and management of institutional capital. The ambition is for the joint venture's assignments to grow in number and scope as the newly established fund is expanded and more funds with focus on properties are started, initially focusing on residential properties in Swedish metropolitan regions.

For more information, please contact:

Jacob Karlsson, CEO,
e-mail: jacob.karlsson@k-fastigheter.se, telephone: +46 (0)10-167 60 71

Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: johan.hammarqvist@k-fastigheter.se, telephone: +46 10 167 60 99
 

K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the two business segments Construction and Property Management. In the Construction business segment, completed homes are delivered, where K-Fastigheter has chosen to work with three in-house developed concept houses for homes in order to enhance cost efficiency and cut construction times. Furthermore, through the subsidiary K-Prefab, K-Fastigheter delivers complete frame solutions internally as well as to external customers. The Property Management business segment manages the Group's property portfolio with a focus on housing and since April 2025, K-Fastigheter owns 57.6 percent of Brinova Fastigheter AB, which is a leading property company in southern Sweden with a focus on the Öresund region. Since 2019, K-Fastigheter's B shares have been traded on Nasdaq Stockholm (short name: KFAST B). Read more at k-fastigheter.se