K-Fast Holding

What K-Fast Holding does

K-Fast Holding AB (publ), operating as K-Fastigheter, is a Swedish publicly listed (Nasdaq Stockholm: KFAST B) vertically integrated property company founded in 2010 by Jacob Karlsson and headquartered in Hässleholm, Sweden. The company operates two business segments: Contracting (comprising Project Development, Prefab Solutions through the wholly owned K-Prefab AB subsidiary, and Construction) and Property Management (rental of residential apartments, commercial premises, storage units, and parking spaces). Proprietary concept building designs ("Koncepthus") are developed in-house and constructed using prefabricated elements, enabling the firm to serve both its own portfolio and external clients.

The company generates revenue through two primary streams: construction income (FY2025: SEK 1,988.5 million) from project development, prefabricated construction services, and external construction contracts, and property management income (FY2025: SEK 1,063.6 million) from monthly rentals on owned and managed residential and commercial properties located primarily in Mälardalen and the Gothenburg region. Pricing is subscription-based monthly rental for housing units, while construction work is project-based professional services. K-Fastigheter distributes directly to end consumers via its corporate website and minasidor portal, and to enterprise construction clients through direct sales, and finances operations through a mix of equity, directed share issues, and senior unsecured green bonds (SEK 500 million issued June 2025).

Ownership is highly concentrated, with founders Jacob Karlsson and Erik Selin (Chairman) each holding approximately 32% of shares and combined controlling roughly 73% of votes through dual-class share structures. The top 10 shareholders own 89.1% of shares. In 2025-2026 the company is executing a material strategic reset, including a reverse acquisition with Brinova Fastigheter AB, a SEK 1,888 million forward-sale divestment of 264 Gothenburg apartments to a Viga Cap-owned entity, a 30-position workforce reduction, a targeted 15% operating expense cut for 2026, and new joint ventures (Alhem Fastigheter AB for 260 Gothenburg apartments; K-Fast Kilen AB with Kilenkrysset Group) to refocus the portfolio.

Name

K-Fast Holding

Legal name

K-Fast Holding AB (publ)

Website

https://k-fastigheter.se

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

K-Fast Holding AB (K-Fastigheter) is a Swedish, vertically integrated property company that develops, constructs, and manages residential rental apartments and commercial premises across Mälardalen and Gothenburg via its Contracting and Property Management segments, using proprietary prefabricated concept buildings.

Ownership category

akta.pro rank

Product category

Residential Property Management and Real Estate Development

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Residential rental housing
• Property management services
• Prefabricated construction
• Concept building development
• Commercial real estate rentals

Headquarters

HQ city

Hässleholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Construction Income: Revenue from construction operations including project development, prefabricated construction (K-Prefab), and construction services for both internal use and external clients. In 2025, construction income was SEK 1,988.5 million.
2. Property Management Income: Revenue from managing and renting the company's property portfolio including residential apartments and commercial premises. In 2025, property management income was SEK 1,063.6 million.
3. Green Bond Financing: Senior unsecured green bonds issued for financing and refinancing real estate projects and properties. SEK 500 million issued in 2025 with 3-month STIBOR plus 600 basis points floating interest rate.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

K-Fast Holding AB (K-Fastigheter) is a vertically integrated Swedish property company that develops, constructs, and manages residential rental apartments and commercial premises. Operations span two segments: Contracting (Project Development, Prefab via K-Prefab, and Construction of proprietary concept buildings for both internal portfolio and external clients) and Property Management (operating owned residential and commercial real estate across Sweden).

Product overview

K-Fast Holding AB (K-Fastigheter) is a Swedish property company organized into two main business segments: Contracting (including Project Development, Prefab Solutions, and Construction) and Property Management. The company develops, constructs, and manages residential rental apartments and commercial premises across Sweden. Their offerings include rental apartments (Lägenheter), new production apartments (Nyproduktion), commercial premises (Lokaler), storage units, and parking spaces. They also offer prefabricated construction solutions through their K-Prefab subsidiary and develop proprietary concept buildings. The company finances operations through green bonds issued under a sustainable financial framework.

Differentiator

Problem solved

Functional benefit

Products and services

• Rental Apartments (Lägenheter)
• New Production Apartments (Nyproduktion)
• Commercial Premises (Lokaler)
• Storage Units (Förråd)
• Parking Spaces (Parkeringsplatser)
• Property Management (Förvaltning)
• Contracting (Entreprenad)
• Prefab Construction Solutions (K-Prefab)
• Concept Buildings (Koncepthus)
• Green Bonds

Quantifiable outcome

• Property management income of SEK 1,063.6 million in 2025
• +4 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Kilenkrysset GroupcoreStrategic or Co-development Partner · 18 March 2026Kilenkrysset Group is a major shareholder (approximately 7.7% of capital and 5.7% of votes as of March 2026) and collaboration partner through jointly owned company K-Fast Kilen AB, focused on developing and managing concept buildings in Sweden's Mälardalen region.
• VigaminorStrategic or Co-development Partner · 7 November 2025Viga Cap-owned company involved in the first stage of divesting a property portfolio in the Gothenburg area, involving 264 apartments under management. Total deal valued at SEK 1,888 million, structured as forward sale expected to conclude in 2026 and 2027.
• Alhem Fastigheter ABcoreStrategic or Co-development Partner · 5 November 2025Joint venture with Alhem Fastigheter AB to develop approximately 260 rental apartments and retail space on properties in Björlanda, Gothenburg. Construction expected to start early 2026 and last around 24 months.
• ByggVesta ABcoreStrategic or Co-development PartnerStrategic partnership with ByggVesta AB as part of the company's transformation through reverse acquisition with Brinova Fastigheter AB.
• Brinova Fastigheter ABcoreStrategic or Co-development PartnerBrinova Fastigheter AB is the result of K-Fastigheter's transformation through a reverse acquisition. K-Fast Holding AB CEO Jacob Karlsson serves as board member of Brinova. Erik Selin is Chairman of both companies. K-Fast participates in Brinova's Nomination Committee.

Scale indicators12 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Skanska AB: Global construction and project development company with substantial Swedish residential operations (including BoKlok). Comparable to K-Fast's prefab construction capabilities and Swedish housing development footprint, though vastly larger and more diversified.
• NCC AB: One of Sweden's largest construction and property development companies. Comparable on the contracting/prefab construction side, though operating at much larger scale across infrastructure as well.

Direct peers

• Akelius Residential Property AB: Swedish-headquartered residential property owner/operator with a portfolio of metropolitan rental apartments. Comparable to K-Fast on rental apartment operations, property management, and tenant-facing services.
• Bonava AB: Nordic residential property developer with significant Swedish operations producing multi-family housing. Comparable to K-Fast's project development and prefab-led new construction approach.
• Brinova Fastigheter AB: Swedish residential property company focused on rental apartments in growth regions; K-Fast's reverse acquisition partner and shares board/management overlap. Direct comparable on portfolio composition, geography, and tenant strategy.
• Heimstaden AB: One of Europe's largest residential property owners with a major Swedish rental housing portfolio. Directly comparable to K-Fast's rental apartment and property management business in the same Swedish market.
• JM AB: Sweden's largest residential property developer, producing both owner-occupied and rental housing. Comparable to K-Fast's Contracting segment and concept-building development model in the Swedish new-build market.
• Wallenstam AB: Swedish listed property company focused on residential and commercial rentals, primarily in Gothenburg and Stockholm growth regions. Closely overlaps K-Fast's Mälardalen/Gothenburg rental housing focus and tenant base.
• Fastighets AB Balder: Major Swedish listed real estate company with substantial residential exposure. K-Fast Chairman Erik Selin founded Balder, making it a structurally linked comparable in Swedish residential property operations and capital strategy.

Emerging players

• ByggVesta AB: Swedish residential developer with a strategic partnership with K-Fast. Comparable as a niche developer of rental and tenant-owned apartments using a similar build-to-rent/lease model in Sweden.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/k_fastigheter
• Facebookfacebook.com/kfastigheter
• LinkedInlinkedin.com/company/k-fastigheter

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about K-Fast Holding