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We are pleased to be able to develop our building rights further, in cooperation with ALM Equity. We see great potential in our building rights in terms of development of rental housing. By creating a company dedicated to that development those values are made visible and through the collaboration with ALM Equity, the potential is further increased. For Corem's part, we increase our focus on commercial properties and take further steps regarding investment grade.
Eva Landén, CEO of Corem
It is gratifying that we, together with Corem, have now agreed on our future joint management company, which in the long run will be one of Sweden's largest. We are two entrepreneurial companies with long experience, where our strength as a housing developer together with Corem's solid experience of management will provide a good foundation. We look forward to an exciting journey together with Corem and all employees in the new company. This agreement shows that ALM's business model is well working and that means our journey as a business builder takes another step forward.
Joakim Alm, CEO of ALM Equity
We see great potential in our building rights in terms of development of rental housing. By creating a company dedicated to that development those values are made visible and through the collaboration with ALM Equity, the potential is further increased. For Corem's part, we increase our focus on commercial properties and take further steps regarding investment grade.
Eva Landén
We look forward to welcoming these four tenants to tailor-made premises at Corem
Corem’s CEO Eva Landén
For several years we have worked actively to strengthen the company's financial key figures, efforts which have given good effects. To now receive an investment grade rating from Scope confirms that we stand on a strong and solid foundation. It is also an important step on our future journey, where we aim to create one of the Nordic region's leading real estate companies in commercial properties.
Eva Landén, CEO
I look forward to starting the journey to become the Nordic region's leading real estate company with a focus on growth locations, together with the new management team. As we now become a joint company, we aim to utilise the extensive expertise that exists within the two organizations, and we will continue to have a high business pace. We have a balanced property portfolio which is well positioned geographically and contains both a strong base in its property management and property development projects which contribute with increased growth- and return potential. I am very pleased with the extensive knowledge and experience we now gather in the new joint management team, and believe that we, together with the organization as a whole, are well equipped to develop the company forwards.
Eva Landén, CEO
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Corem has leased 100 percent of the area in the project property 28&7 in New York

[28&7 New York.jpg] Corem has signed an additional lease contract, for 427 square meters to Angle Health, in the project property 28&7 in New York. The term is 5 years and moving-in is planned for the second quarter 2025. As a result, the property is fully leased at a total annual contract value of just over USD 9 million. Together with Corem's other ongoing project in New York, 1245 Broadway, the total annual contract value for all signed leases in the US amounts to approximately USD 24 million and the occupancy rate in the project properties 1245 Broadway and 28&7 amounts to 77 and 100

The Nomination Committee's proposal for the Board of Directors of Corem

The Nomination Committee proposes that Rutger Arnhult, Patrik Essehorn, Katarina Klingspor, Fredrik Rapp and Christina Tillman are re-elected as members of the Board of Directors of Corem Property Group AB (publ) (“Corem”) and that Hanna Andreen is elected as a new member of the Board of Directors. Furthermore, the Nomination Committee proposes that Patrik Essehorn is re-elected as chairman of the Board of Directors. Christian Roos and Magnus Uggla have informed the Nomination Committee that they decline re-election. The Nomination Committee's proposal means that the number of members of

Corem publishes prospectus and applies for listing of green bonds under existing framework on Nasdaq Stockholm

On 20 December 2024 and 23 December 2024, Corem Property Group AB (publ) (”Corem”) issued subsequent bonds of SEK 150 million and SEK 75 million respectively under the framework of Corem’s existing senior unsecured green bond loan February 2024/May 2026 (ISIN SE0021514429) with a total framework of SEK 2 billion. The bond loan has a floating interest rate of STIBOR 3 months plus 375 basis points with a final maturity on 7 May 2026. The total amount issued under the framework amounts to SEK 1,675 million.   Nasdaq has today applied for listing ofthe subsequent bonds on Nasdaq Stockholm'

Corem Property Group AB (publ) issues senior unsecured green bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Corem considers issuance of green SEK senior unsecured bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Corem updates on net letting for 2024

Corems net letting for the first three quarters of the year amounted to SEK 99 million. During the fourth and last quarter of the year, the pace has continued to be high. For the year, a net letting of around SEK 61 million is indicated, during the quarter driven by lettings mainly in New York, Stockholm, Linköping, Malmö and Västerås.  The negative net letting of the quarter can mainly be attributed to one of Ericsson’s leases in Kista which has been terminated and implies a decrease of 33,000 sqm per 2025-12-31. The building is in a location with strong communications and holds

Corem signs two more lease contracts in New York

[Corem, New York.jpg]   Corem has signed an additional two new lease contracts for a total of 1,302 square meters in New York. As a result, Corem's total annual contract value for all signed leases in the US amounts to approximately USD 23 million and the occupancy rate in the project properties 1245 Broadway and 28&7 hereby amounts to 77 and 95 percent, respectively.In the property 1245 Broadway, a lease has been signed with fintech firm Aegis Venture Partners for a total of 495 square meters. Their moving in is planned for January 2025. In the property 28&7, a lease has been signed

Corem signs five new lease contracts in New York

Corem has signed an additional five new lease contracts for a total of 3,362 square meters in New York. As a result, Corem's total annual contract value for all signed leases in the US increases by approximately USD 3 million and thereby amounts to approximately USD 22 million and the occupancy rate in the project properties 1245 Broadway and 28&7 hereby amounts to 74 and 87 percent, respectively.In the project property 1245 Broadway, a lease has been signed with a fintech company for a total of 1,370 square meters. Their moving in is planned for April 2025 and the lease term is three

Corem divests in Borås for SEK 320 million

Corem has signed an agreement for the sale of part of the property Skruven 3 in Borås at an underlying property value of SEK 320 million.   The part of the property that is being sold consists mainly of retail space with a rentable area of approximately 19,000 square meters and a rental value of approximately SEK 23.5 million.   The property, located in Ramnaslätt's industrial area next to national highway 40, was developed by Corem in 2018 and offers a trading place for craftsmen and professionals. The largest tenants are Hornbach, Bevego and Snabbgross.   Planned

Corem divests in Sigtuna and Stockholm for SEK 100 million

In two separate deals, Corem has signed an agreement for the sale of three properties in Sigtuna and a site leasehold in Stockholm for a total underlying property value of SEK 100 million, which is in line with book value.   In Sigtuna, the properties Broby 11:6, Broby 12:6 and Broby 12:9 are divested, and in Stockholm the site leasehold to Domnarvet 11, located in the Lunda industrial area, is divested. The properties mainly consist of areas for warehouses and offices with a total lettable area of approximately 7,160 square meters and a total rental value of SEK 9.4 million.

Invitation to Corem's capital market day 2024

Corem invites institutional investors, analysts and financial media to a capital market day on 20 November 2024. The capital market day aims to provide an update on Corem's operations and strategic direction. During the day, there will also be a deeper insight into the Kista area today, and its development. Presentations will be given by members of Corem's group management as well as invited representatives from businesses in the area. Participation takes place physically, with the opportunity to ask questions on site. It will also be possible to have questions submitted

Interim Report January - September 2024

· Income amounted to SEK 2,780 million (3,228) · Operating surplus amounted to SEK 1,808 million (2,250) · Net financial income amounted to SEK –950 million (–1,098) · Profit from property management amounted to SEK 736 million (1,016) · Changes in value of properties amounted to –473 million (–5,823) during the period and SEK 12 million (–2,912) during the quarter · Profit/loss for the period amounted to SEK –268 million (–4,934), corresponding to SEK –0.62 (–4.91) per ordinary share of class A and B · Net letting amounted to SEK 99 million during the period (90) · The

Corem signs five-year lease with Mycronic for approximately 6,000 sq.m. in Kista

Corem has signed a five-year lease agreement with the Swedish technology company Mycronic for 6,038 square meters in the property Helgafjäll 5 in Kista north of Stockholm city. The property is located in central Kista by the square next to the Kista fair. Mycronic, which has its operations in Täby, north of Stockholm, now also sets up operations in Kista as they relocate their High Flex division to the area. The new premises, which will house offices, warehouses and production, are adapted to support the business. At the same time, the building gets an exterior lift. Access is

Corem signs lease contract in New York with Swedish Epidemic Sound

Corem has signed an additional new lease contract for a total of 807 sq.m. at the project property 28&7 in New York. The tenant is the Swedish music company Epidemic Sound, which will be moving in during the second quarter of 2025. The lease term is five years. 28&7, a 12-story modern office building located at the corner of 7th Avenue and 28th Street in the Chelsea District, Manhattan, is Corem’s second largest ongoing project and is developed in collaboration with GDS Development Management (GDSNY). The building is LEED-Gold certified and offers office spaces with the latest

Corem publishes prospectus and applies for listing of green bond loan on Nasdaq Stockholm

On 19 September 2024, Corem Property Group AB (publ) (”Corem”) announced an issue of a senior unsecured green bond loan of a total of SEK 1,300 million within a framework amount of SEK 2 billion. The bond loan was issued on 26 September 2024 and has a floating interest rate of Stibor 3 months plus 295 basis points with a final maturity on 26 September 2027. The ISIN code for the securities is SE0022761052.   Corem has applied for listing of the bond loan on Nasdaq Stockholm's Sustainable Bond List. Estimated first day of trading is 22 October 2024.  Due to the listing, Corem has

Corem signs lease agreement with Transcom for 1,067 sq.m. in Kista

Corem has signed a three-year lease agreement with the global outsourcing company Transcom regarding a 1,067 square meter office space in the property Borgarfjord 4 in Kista, Stockholm. Access is planned for the first quarter of 2025.  Transcom already has its customer service operations in Kista and is now looking forward to new, fresh premises: "Kista offers many advantages. With excellent communications and proximity to Arlanda, it is a strategically smart location. There is also a strong recruitment base here, and we are close to several of our partners, whose

Corem Property Group AB (publ) calls for voluntary early redemption of bond loan 2022/2024

Corem Property Group AB (publ) (“Corem”) hereby announces that it is exercising its right to voluntarily redeem all outstanding senior unsecured floating rate green bonds due on 21 October 2024 with ISIN SE0017132681 (the “Bonds”). The outstanding nominal amount, excluding Corem’s holdings and valid tenders accepted pursuant to the tender offer announced by Corem on 17 September 2024, amounts to SEK 610,000,000. In accordance with the terms and conditions of the Bonds, Corem is today notifying the bondholders that Corem calls for voluntary early redemption of all outstanding Bonds. Each

Corem announces the result of the tender offer for the outstanding Corem 2022/2024 bonds and Corem Kelly 2021/2025 bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Corem Property Group AB (publ) issues senior unsecured green bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

Corem considers issuance of green SEK bonds and announces tender offer for the outstanding Corem 2022/2024 SEK bonds and Corem Kelly 2021/2025 SEK bonds

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND

New number of shares and votes in Corem

As a result of Corem Property Group AB (publ)’s (“Corem”) directed issue of 28,645,832 ordinary shares of Class B, approved at an Extra General Meeting on 14 August 2024, the total number of shares and votes in Corem has changed. As of today's date, the total number of shares in Corem amounts to 1,243,489,446 shares, of which 93,730,797 are ordinary shares of Class A, 1,129,797,545 are ordinary shares of Class B, 7,545,809 are ordinary shares of Class D and 12,415,295 are preference shares. Each ordinary share of Class A entitles to one vote, while ordinary shares of Class B, ordinary

Corem signs lease contract in New York

Corem has signed an additional new lease contract for a total of 807 sq.m. at the project property 28&7 in New York. The tenant Injective Labs, active in fintech, will move in in the first quarter of 2025 and the lease term is five years. With the signing of this lease, Corem's total annual contract value for all signed lease contracts in the US amounts to approximately USD 18 million and the occupancy rate in 28&7 amounts to 73 percent.28&7, a 12-story modern office building located at the corner of 7th Avenue and 28th Street in the Chelsea District, Manhattan, is Corem’s

Decisions at the Extra General Meeting of Corem Property Group AB (publ)

At the Extra General Meeting (the “EGM”) of Corem Property Group AB (publ) (”Corem” or the ”Company”) on 14 August 2024, the following decisions were made: The EGM decided to approve the Board of Directors’ resolution on a new share issue of ordinary shares of Class B with deviation from the shareholders’ preferential rights in accordance with the proposal presented in the notice convening the EGM. As communicated on 18 July 2024, the Board of Directors of Corem resolved on 17 July 2024 on a directed share issue of in total 106,206,165 ordinary shares of Class B. According to the

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