Continued positive trend in the property sector
Continued healthy demand for office premises in Stockholm and rising rent levels in all our submarkets. Rising rental income and continued low interest expenses meant that earnings from property management increased by 11 per cent in comparison with the previous year. Growth in value continued both in the management portfolio and through the major projects during the quarter. After take-overs and changes in vale, property value at 31 March 2017 was just over SEK 50bn. Growth in value of SEK 833m (1,519) was driven primarily by higher rent levels, but also a continued decline in yield