Corem Property Group

Quotes

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

Pick a time period -

Tags ( Active)

All Regulatory Non-Regulatory

Interim report January – September 2021

Wed, Oct 27, 2021 08:00 CET

• Income amounted to SEK 1,708 million (660). • Net operating income amounted to SEK 1,227 million (500). • Profit from property management amounted to SEK 811 million (335). • Investments in new constructions and refurbishments amounted to SEK 848 million. Project development, including development of building rights, contributed with increases in value of SEK 174 million. Change in property value amounted to SEK 1,514 million (286). • Change in value of financial investments amounted to SEK 605 million (–1,135). • Net profit amounted to SEK 2,525 million (-669), equivalent

There are no items matching the current filter

There are no more items matching the current filter

Share

Quotes

Interim report January – September 2021

Subscribe