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Swedish real estate company K-Fast Holding AB (K-Fastigheter) has agreed to sell a residential project comprising 255 rental apartments in Gothenburg to insurance and pension group Folksam. The transaction values the underlying property at SEK 793 million and forms part of K-Fastigheter’s ongoing strategy of monetising selected residential developments while strengthening its capital position. The company has completed several property divestments over the past year as it continues to focus on balancing project development, construction and long-term property management.
Swedish real estate developer K-Fast Holding AB (K-Fastigheter) has entered into an agreement to sell a residential project comprising 255 rental apartments in Gothenburg to Folksam. The transaction has an underlying property value of SEK 793 million, according to the company.
The sale is part of K-Fastigheter’s ongoing portfolio management strategy, under which the company has been divesting selected residential assets while continuing to develop new housing projects across Sweden. The company has increasingly used property sales to institutional investors to improve liquidity and support future investments.
The latest transaction adds another residential project in Gothenburg to Folksam’s real estate portfolio, reflecting continued institutional interest in Sweden’s rental housing sector. While financial details beyond the agreed property value were not disclosed, the deal involves a project consisting of 255 rental apartments.
Over the past year, K-Fastigheter has completed several portfolio transactions, including the sale of residential properties in Gothenburg and other regions. The company has stated that these divestments are aimed at optimising its property portfolio while maintaining its focus on residential development and construction through its integrated business model.
Source Reuters
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