K-Fastigheter completes sale of 264 apartments in West Sweden

K-Fastigheter has finalized the first phase of a major divestment in western Sweden. A total of 264 fully managed apartments in Gothenburg, Ale, and Vänersborg have now been transferred to a Viga-owned company. The second phase involves 417 units under construction.

On 5 June 2025, K-Fastigheter had signed a letter of intent regarding the divestment of a residential portfolio in the Gothenburg area. The agreement was concluded on 13 July 2025. With today’s handover of 264 completed apartments, totalling 17,234 square meters of dwelling space, the first stage of the transaction is now complete.

The second stage comprises 417 apartments under construction with a total of 24,843 square meters of living space. These are being sold under a forward sale arrangement, in which the buyer takes possession of the shares and pays the purchase price after project completion. These completions are expected in the second quarter of 2026, the first quarter of 2027, and the second quarter of 2027. The transaction remains subject to approved financing, among other conditions.

“The buyer is a company owned by Viga, co-founder and co-owner of the Danish firm Viga Real Estate, to whom we previously made a large divestment in Copenhagen. Together with Viga, we will manage the upcoming property fund through a joint company in which Viga owns 60 percent and K-Fastigheter 40 percent,” said Jacob Karlsson, CEO of K-Fastigheter. “In the joint company, our knowledge of the property market and related management will be combined with Viga’s expertise in capital raising and institutional capital management. As this is the first transaction associated with Viga’s entry into the Swedish market, completion has taken somewhat longer than we previously communicated.”

The total portfolio is valued at SEK 1,888 million, with a 50 percent deduction for deferred tax, corresponding to an expected net value of SEK 1,839 million. The net book value upon completion is expected to amount to SEK 1,790 million. As previously communicated, the transaction is estimated to provide K-Fastigheter with a net liquidity contribution of approximately SEK 592 million, of which SEK 198 million is expected in 2025, SEK 104 million in 2026, and SEK 290 million in 2027.

K-Fastigheter will consolidate its 40 percent share in the joint company and report it using the equity method.