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.
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.
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.
We look forward to welcoming these four tenants to tailor-made premises at Corem
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.
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.