tiprankstipranks

K-Fastigheter Divests Gothenburg Property Portfolio to Willhem AB

Story Highlights
K-Fastigheter Divests Gothenburg Property Portfolio to Willhem AB

Confident Investing Starts Here:

The latest announcement is out from K-Fast Holding AB Class B ( ($SE:KFAST.B) ).

K-Fastigheter has announced the divestment of a property portfolio in Gothenburg to Willhem AB, involving two residential properties with 294 apartments. The transaction, valued at SEK 875 million, will provide K-Fastigheter with a net liquidity contribution of SEK 289 million upon completion. This move highlights the attractiveness of K-Fastigheter’s concept houses and strengthens its financial position, while offering tenants stability with a reputable new landlord.

More about K-Fast Holding AB Class B

K-Fast Holding AB, known as K-Fastigheter, operates in the construction and property management industry. The company focuses on delivering completed homes through its three in-house developed concept houses to enhance cost efficiency and reduce construction times. Additionally, it manages a property portfolio with a focus on housing and holds a significant stake in Brinova Fastigheter AB, a leading property company in southern Sweden. K-Fastigheter’s B shares are traded on Nasdaq Stockholm.

Average Trading Volume: 99,225

Current Market Cap: SEK2.84B

See more data about KFAST.B stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1