Corem divests a property in Copenhagen for SEK 890 million

Corem has signed an agreement for the sale of a property in Copenhagen at an underlying property value of approximately SEK 890 million, which is in line with book value.

The property, which is located in Frederiksberg and has a lettable area of approximately 19,300 square meters, is fully leased to Copenhagen Business School.

Transfer of possession is planned for 6 March 2024.

Corem's advisors have been CBRE, Kromann Reumert and Breinholt Consulting.

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT

Rutger Arnhult, CEO, +46 70 458 24 70, rutger.arnhult@corem.se 

Peeter Kinnunen, Head of Transactions, +46 76 855 67 03, peeter.kinnunen@corem.se

Corem Property Group AB (publ)

Address: P.O. Box 56085, SE-102 17 Stockholm

Visitors: Riddargatan 13 C

Reg.no: 556463-9440

www.corem.se

This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.

Corem Property Group is a real estate company that in a sustainable way owns, manages and develops commercial properties in urban and growth areas. Corem Property Group is listed on Nasdaq Stockholm, Large Cap.