K-Prefab AB, a subsidiary of K-Fast Holding AB ("K-Fastigheter"), has signed an agreement with Noccon AB regarding a full service concrete frame for the construction of new apartments, commercial premises and a parking garage in Orminge in Nacka municipality. Noccon's end customer is Elisby Fastigheter AB.
K-Prefab is to carry out a complete contract (ABT-U) with K-Prefabs concrete frame system including facades where some parts contain embedded bricks. In total, the Orminge Torg project in Nacka comprises production of 191 apartments, 7 commercial premises and a parking garage with more than 300 parking lots. The project is being built in accordance with the Nordic Swan Ecolabel.
"We are happy to have been entrusted being frame contractor at the construction of Orminge Torg. It is an extensive project where we show our competitiveness as a complete supplier. I also see it as gratifying that a housing project is being started during the current market conditions because we know that more housing is needed in Sweden to meet the demand" says Stefan Paulsson, CEO of K-Prefab.
The order value for K-Prefab is SEK 119 million. Production of the prefabricated concrete elements and construction will be carried out in phases, with construction of the first main phase starting in Q2 2024 and the construction of the second main phase starting in Q1 2025.
For more information, please contact:
Stefan Paulsson, CEO of K-Prefab
e-post: stefan.paulsson@k-prefab.se,telephone: +46 10-161 83 49
Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: johan.hammarqvist@k-fastigheter.se,telephone: +46 10 167 60 99
K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the four business areas project development, prefab, construction and property management. Our prefab business is run through the subsidiary K-Prefab, which also sells on the external market. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses, developed in-house and constructed for own management. K-Fastigheter offers close to 4,100 homes from Copenhagen in the south to Gävle in the north and is continuously assessing new markets. K-Fastigheter strive to create attractive homes with a high comfort factor. The Group's property portfolio has a book value SEK 14,5 billion, with an annual rental value of about SEK 524 million. Since November 2019, the company's Class B shares have been traded on Nasdaq Stockholm under the (ticker: KFAST B). Read more at k-fastigheter.com