K-Fastigheter has engaged Colliers to assist in divesting a portfolio of residential properties on the Danish market. Altogether, it concerns four properties with a total of 311 apartments, of which 163 are under management and 148 are under construction with planned completion during Q4 2023. The portfolio consists of houses that are not built in accordance with K-Fastigheter’s own developed concept and together with favourable currency exchange rate development there is a possibility to complete an attractive transaction.
Based on the book value of the properties as of June 30, 2023, a possible divestment will be able to bring in net cash of c. €46.26m after amortization of the underlying debt.
”We know that there is a big interest in acquisitions in the Danish market. Given that we see good opportunities for divesting a part of our portfolio that does not consist of our concept houses and by this free up capital for continued value creation for our shareholders” said Jacob Karlsson, CEO of K-Fastigheter.
