Corem divests properties in Borås, Lerum and Gothenburg for SEK 200 million

Corem has signed contracts to divest seven properties for a total underlying property value of SEK 200 million. The properties, which are situated in Borås, Lerum and Gothenburg, have a lettable area of approximately 27,900 sq.m. and primarily consist of industry/warehouse, wellness and retail premises. The rental value amounts to SEK 19 million and the economic occupancy rate amounts to 86 per cent.

”These divestments are an additional step in the streamlining of Corem at the same time as we free up capital for other investments in more prioritized segments”, says Peeter Kinnunen, Head of Transactions at Corem.

Transfer of possession is planned to be on 3 October 2022.

The transaction encompasses the following properties:

Borås - Fjädern 3, Fjädern 4, Pantängen 19, Rotorn 1
Lerum - Ölslanda 1:255
Gothenburg - Arendal 5:1, Tingstadsvassen 30:2

Corem Property Group AB (publ)


FOR FURTHER INFORMATION, PLEASE CONTACT
Eva Landén, CEO, +46 10 482 76 50, eva.landen@corem.se
Peeter Kinnunen, Head of Transactions, +46 76 855 67 03, peeter.kinnunen@corem.se
Lars Norrby, IR, +46 76 777 38 00, lars.norrby@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 one of the Nordic countries´ leading real estate companies 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.