Setterwalls has assisted K-Fast Holding AB in connection with a directed share issue to a number of Swedish and international institutional investors.
The gross proceeds of the share issue amounts to approximately SEK 504 million. K-Fastigheter provides some 1,900 homes in several locations in the Öresund region, in the province of Småland and in western Sweden, and is assessing new markets as production capacity increases. The group’s property portfolio has a book value of approximately SEK 5.8 billion, with an annual rental value of about SEK 220 million. The company’s class B shares are listed on Nasdaq Stockholm. For further information about the share issue and K-Fastigheter, please refer to the company’s website.