For people in a private housing cooperative

How we are compensating people in a private housing cooperative. Selling your share in a property is a big decision, a long process and an important transaction. Here you will find everything you need to know prior to any sale and about how the process works.

You jointly own your property

If you are a member of a private housing cooperative, you own the property together with the other members of the cooperative as a result of your membership of the housing cooperative. The cooperative therefore owns the property, and you as a member own a share of the cooperative and the right to use your apartment.LKAB will buy the housing cooperative's property for the total value of the individual apartments that make up the cooperative. However, before LKAB can purchase the entire property and before an agreement can be signed, each individual apartment has to be assessed. Therefore, LKAB wishes to have a dialogue with both you as an apartment owner, and with the housing cooperative as a whole, as represented by the board.In order for a sale to be completed, the housing cooperative must sign a declaration of intent with LKAB. This states that LKAB and the housing cooperative will work together towards a common goal – a sale of the property to LKAB. The declaration of intent is not a legally binding document.

Each individual condominium is assessed before LKAB can purchase the entire property and before an agreement can be signed.
Therefore, LKAB wants to engage in a dialogue with both you as a condominium owner and with the condominium association, represented by the board.
LKAB has, in collaboration with external experts, developed a specific model for the purchase of condominium association properties.

First meeting

Well in advance of mining affecting your condominium and current infrastructure, LKAB will inform you about when you will be impacted by the urban transformation. LKAB holds regular information meetings and maintains close dialogue with those affected, both directly with you as a condominium owner and with the board of your condominium association. The condominium association will be contacted by an urban transformation representative from LKAB.

How your apartment will be assessed

LKAB, in collaboration with external experts, has devised a special model for purchasing the properties of private housing cooperatives, a model that provides security by being financially sustainable and long term.

LKAB's offer is based on two elements:

  • The market value of a brand new apartment in Malmfälten.
  • Individual assessment of the condition and standard of your current apartment.

This means that LKAB’s offer will enable you to invest in brand new accommodation of equal value.

Our offer

You will receive compensation based on a market value per square metre of living space for a brand new apartment in new Kiruna or Gällivare. The compensation per square metre of living space constitutes the largest part of the compensation. You will, therefore, receive a sum of money based on the size of your apartment, measured in square metres.<br><br>You will also get a supplement based on an individual assessment of the condition and standard of your current apartment. Factors considered to be value-enhancing features include views, floor plan, flooring, balcony location, renovated kitchen and bathroom and the age of wallpapering and painting. This assessment is carried out by an independent party appointed by LKAB and the board of the housing cooperative.


In order for the sale to LKAB to be completed, the cooperative must purchase the property rights off all of the cooperative members. The sum thus consists of the total value of all the individual apartments in the property.<br><br>An agreement will then be signed by LKAB and the housing cooperative that makes LKAB the owner of the property. The agreement will be supplemented with a lease agreement, which means that you, as an apartment owner, are entitled to remain in the property for a time as a tenant of LKAB Fastigheter.<br><br>On the same day as LKAB acquires the property, the purchase sum will be paid to the housing cooperative and you will then receive your compensation. The purchase is not valid until the cooperative meeting has voted in favour of selling the property to LKAB.<br>Remember you will have to pay tax if you sell at a profit. For more information, visit Skatteverket's website or contact your nearest tax office.

Priority for a new condominium

LKAB's offer provides you with the opportunity to invest in another residence. You will have priority when purchasing a newly constructed condominium developed under LKAB's supervision at the same square meter price for which you have been redeemed.

The price per square meter applies up to the equivalent number of square meters as the redeemed condominium unit. The priority right is based on a first-come, first-served principle. Through your priority, you will have the opportunity to express interest in the condominiums you are interested in. We will not match based on function but only offer priority to purchase a newly constructed condominium.

The opportunity for priority to a new condominium applies to those whose condominium has been redeemed by LKAB after June 2022.

We understand that you have many questions.

We will do our best to answer your questions about when you will be affected, where you can move, and how the relocation will happen. However, it can often be challenging to provide straightforward and simple answers because LKAB does not control the entire transformation, and many parties are involved.