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 parking garage in Årstaberg in Stockholm municipality. Noccon's end customer is Wallenstam AB.

K-Prefab is to carry out a complete contract (ABT-U) with K-Prefabs concrete frame system in full including casted and painted facades. In total, the Årstaberg project in Stockholm comprises around 400 apartments, commercial premises, and a parking garage with two levels. The project will be certified with Miljöbyggnad Silver version 4.0.

"This is K-Prefabs largest single order in history and I am both happy and proud that we have been selected to deliver a complete frame solution for a project of this size. It is another testament of our strong product and our competitiveness as a frame contractor" says Stefan Paulsson, CEO of K-Prefab.

Production of the prefabricated concrete elements and construction will be carried out in phases, with construction of the first main phase starting in Q1 2025. The order value amounts to about SEK 200 million.

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 two business segments Construction and Property Management. In business segment Construction the objective is to deliver completed housing units based on the Group's concept houses, developed in-house, as well as high-quality frame solutions. Our prefab operations is organized in the subsidiary K-Prefab. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses for housing, developed in-house. Business segment Property Management manages the Groups property portfolio with focus on housing. K-Fastigheter offers more than 5,000 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 15,3 billion. Annual rental value in invest properties under management amounts to SEK 686 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

https://news.cision.com/k-fast-holding-ab/r/k-prefab-has-signed-an-agreement-for-a-complete-framework-contract-at-arstaberg-in-stockholm,c3983529

https://mb.cision.com/Public/18395/3983529/96e3cdf40b50d6aa.pdf

https://news.cision.com/k-fast-holding-ab/i/wallenstam-arstaberg-exterior,c3301637

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