Corem divests in central Stockholm for SEK 570 million

Corem has signed an agreement for the sale of the leasehold to the property Orgelpipan 4 at an underlying property value of SEK 570 million, which is in line with book value.
 

Orgelpipan 4, at Klarabergsgatan 33-35 in Stockholm, has undergone extensive remodelling and modernization both inside and out. The building has a cultural-historical value and has been carefully renovated to preserve and recreate period architectural features and materials, while the premises and technical installations have been modernized. The property is fully let and consists of approximately 4,200 sq.m. of commercial premises. The office part is leased to Sveriges Riksbank and the restaurant AMI has opened on street level.

"We are very pleased to be able to divest this centrally located project property which has been completed and rented out during the year. This deal shows that the demand for well-located offices is still very good," said Peeter Kinnunen, Head of Transactions at Corem.

Transfer of possession is planned for 15 February 2024.

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.