case / 13 Jul 2021

Setterwalls has advised K2A in acquisitions of residential projects with a total value of SEK 1.25 billion

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Setterwalls has advised K2A Knaust & Andersson Fastigheter AB (publ) in connection with the acquisition of three residential projects in Växjö and one residential project in Norrtälje. The total underlying property value amounts to SEK 1.25 billion.

Setterwalls has advised K2A in connection with the acquisition of three residential projects in Växjö from Peab AB. 334 residential apartments and a parking garage shall be constructed on the properties. Setterwalls has also advised K2A in connection with the acquisition of a residential project in Norrtälje from Slättö. 191 residential apartments, three office premises and a parking garage shall be constructed on the property.

Both projects will receive environmental certification with Miljöbyggnad Silver and the acquisitions are structured as forward purchase/commitment transactions meaning that the sellers respectively are responsible for the constructions of the projects and that closing of the transactions will take place at completion of the projects.

K2A Knaust & Andersson Fastigheter AB (publ) is focusing on long-term ownership and management of self-produced rental apartments, student housing and community service properties. K2A is listed on Nasdaq Stockholm.

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