K-Fast Holding AB ("K-Fastigheter") has signed a letter of intent with an institutional investor regarding the divestment of a property portfolio under management and construction in the Gothenburg area.

In total, the letter of intent concerns 681 apartments, divided into 264 apartments under management in Gothenburg, Ale and Vänersborg municipalities with a housing area of 17,234 square meters and 417 apartments under construction in Gothenburg and Ale municipalities with a total housing area of 24,843 square meters. The sales process with technical and economical due diligence is progressing and, subject to the parties entering a binding agreement, the transfer of the properties under management is expected during the third quarter of 2025.

The apartments under construction are sold through a so-called forward sale, where the buyer will take over and pay the shares after the projects are completed, which is estimated to be the second quarter of 2026, the first quarter of 2027 and the second quarter of 2027, respectively.

Annual rental value in the properties under management amounts to about SEK 39 million and expected rental value for the properties sold through forward sale is SEK 72 million.

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.

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