Colliers acted as financial advisors to K2A in the creation of a new Joint Venture company and the divestment of student housing with an underlying property value of SEK 3,121 million

K2A Knaust & Andersson Fastigheter has created a joint venture that acquires 2,990 student housing units from K2A. A transfer agreement has been signed with Slättö, which acquires 40 percent of the newly created JV company, while K2A retains 60 percent. The transferred student housing units represent all of K2A's student housing outside Stockholm, which amounts to approximately 72,000 square meters of rentable area. The total rental value is SEK 188 million. Colliers has been the financial advisor to K2A during the process.

The deal frees up liquid funds of SEK 660 million for K2A before transaction costs. The transfer of shares and receipt of the purchase price is planned for October 1, 2024.

André Lundberg, Head of Capital Markets & Partner at Colliers, says: "This transaction confirms the value of the quality housing that K2A holds and is a very good example that demonstrates the market's continued interest in transactions in Sweden."

Johan Knaust, CEO of K2A, says: "I am pleased with a successful deal that benefits both parties. By freeing up liquidity and thereby paying off a large part of the outstanding bonds, we strengthen our key financial ratios and the ongoing cash flow moving forward. I look forward to a good collaboration with Slättö, which will be a strong partner in the newly created company."

Christian Bratt, partner and Head of Residential at Slättö, says: "The current combination of rental growth potential and pricing makes this an attractive time to invest in housing. We see great value in acquiring a purpose-built, high-quality student housing portfolio that is rarely available on the Swedish market. Students enrolled in student aid-eligible programs also have a predictable financial situation, making this a secure investment with great potential. We very much look forward to working with K2A to efficiently manage and further develop the portfolio."

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Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. Colliers mission is to maximize the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Contacts

Karoline Fagerheim

Press contact Head of Marketing & Communications Nordics karoline.fagerheim@colliers.com +47 928 405 54

Julia Graflund

Press contact Marketing & Communications Coordinator Nordics julia.graflund@colliers.com +46 73 03 67 407

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Our pan Nordic team consists of more than 250 professionals in Sweden, Norway, Denmark and Finland within the advisory business. Colliers is the market leader in the region, with over 16% of market activity based on 2018 - full year 2023. Colliers experts offer qualified knowledge within Capital Markets, Debt Advisory, Project Finance, Leasing, Valuations, Research and Occupier Services. With offices in all Nordic countries and a strong Nordic cooperation, we create effective solutions to create value for all our clients, both locally and cross borders.

About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 68 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $96 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.