K-Fastigheter Divests Gothenburg Property Portfolio to Willhem AB

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.