On Thursday 31 January, K2A Knaust & Andersson Fastigheter AB ("K2A") announced the successful completion of a private placement of 307k new preference shares at a subscription price of SEK 295, raising gross proceeds of SEK 91m. The subscription price was determined in an accelerated book-building process. In connection with the placement, K2A engaged ABG Sundal Collier as Sole Bookrunner.
K2A is a real estate company which owns, develops and operates rental properties for all types of residential and community service properties. The company operates in Stockholm, Mälardalen and a number of university towns across Sweden. The property and development portfolio, including land allocations, amounts to ca. 5,200 dwellings. K2A’s student residences are marketed through the company’s subsidiary Svenska Studenthus. The company’s preference shares are listed on Nasdaq First North Premier.