Vasakronan AB

Higher rents and lower vacancies - Vasakronan interim report January-June 2008

Tue, Aug 26, 2008 11:51 CET

Rental revenues increased by 9% and the vacancy rate declined to 4% (5), according to Vasakronan’s interim report January-June 2008.“During the first six months of 2008, Vasakronan reported the strongest earnings in its history,” commented Håkan Bryngelson, President & CEO of Vasakronan. “Rental revenues rose, operating expenses declined and interest expenses increased, which combined led to improved income after financial items and before changes in value of SEK 918 M (777).” Rental revenues increased by 9% to SEK 1,539 M (1,418). Leased annual rent increased to SEK 3,427 M and exceeded

Changed date for Vasakronan’s six-month report

Fri, Jul 11, 2008 10:15 CET

Vasakronan has been acquired by AP Fastigheter according to a press release issued on July 3, 2008. Vasakronan’s six-month report, which was scheduled for publication on July 11, 2008, will now be published instead on August 26, 2008, in conjunction with the presentation of AP Fastigheter’s six-month report.

Royal College of Music leases attractive premises in Svea Artilleri

Thu, Jul 10, 2008 17:16 CET

The Royal College of Music is to lease premises in Vasakronan’s Svea Artilleri project property on Valhallavägen, in Stockholm.The College of Music has signed a rental contract comprising approximately 1,635 m² of premises floor space in a detached wing building. The premises will be used as a library, for research, education and as studios. This will supplement the College’s existing premises in the neighboring property on Valhallavägen. Occupancy is scheduled for August 2009.“This is part of our efforts to improve the premises situation as we await a new building for the entire

Police building becomes municipal building in Göteborg

Wed, Jul 09, 2008 11:05 CET

Vasakronan leases premises in former Göteborg police building to District Council.The former Göteborg police building located on Tredje Långgatan will welcome a new tenant in the spring, when the Linné District Council moves into its new 2,200 m² premises. At that time, the entire property, which was built in 1911 in the National Romantic style, will have been renovated and modified. Among other changes, the detention cells will be made into office spaces and the gymnasium will be transformed two stories of offices.“We are pleased to be able to lease appropriate premises next door to our

Vasakronan purchases one property and sells four properties in Stockholm to Swedish National Property Board.

Fri, Jun 13, 2008 16:39 CET

Vasakronan has purchased the Uggleborg 12 property on Vasagatan in Stockholm from the Swedish National Property Board for SEK 1,304 M. At the same time, the Atomena 1, Kungliga Myntet 1, Cepheus 2 & 3 and Ladugårdsbron 14 properties have been sold to the National Property Board for a total purchase consideration of SEK 626 M.The Uggleborg property is situated on Vasagatan opposite Stockholm Central Station in central Stockholm. The floor space of the property is 35,700 m2 and the Swedish Social Insurance Agency is the largest tenant.The Atomena 1 property is situated on Stora Nygatan 2

Vasakronan sells two properties to Specialfastigheter for SEK 2.3 billion

Wed, Jun 04, 2008 09:15 CET

Prior to a sale of Vasakronan, the owner has requested certain adaptations within Vasakronan’s property portfolio, entailing, for example, that the Stockholm Tre Vapen 4 and Stockholm Fruktkorgen 1 properties shall remain under state ownership.Accordingly, Vasakronan has agreed the sale of the Tre Vapen 4 and Fruktkorgen 1 properties to Specialfastigheter for a total purchase consideration corresponding to SEK 2,320 M.The Tre Vapen 4 property is to be sold to Specialfastigheter for an underlying property value of SEK 1,135 M. Transfer will occur on December 15, 2008. The tenant is the

Vasakronan purchases property in Östermalm for SEK 1,110 M from Akademiska Hus

Fri, May 16, 2008 16:22 CET

Vasakronan has acquired part of the Tre Vapen 2 property in Stockholm from Akademiska Hus. The acquisition occurred through a sale in the form of a company at a property value corresponding to SEK 1,110 M. The property is located on Valhallavägen near Gärdet in Stockholm’s Östermalm district, approximately 400 meters from Vasakronan’s large Garnisonen property.The total leasable area is approximately 38,000 square meters. The building, which previously housed the premises of the University College of Arts, Crafts and Design, is in excellent condition following extensive renovations and

Vasakronan sells property in Solna to Sjaelsö

Wed, May 14, 2008 16:56 CET

Vasakronan is selling the Ekelund 1 property on Ekelundsvägen in Solna to the property development company, Sjaelsö. The transaction is being carried out through a joint business at a property value corresponding to SEK 290 M.Today, the property has a total lettable area of approximately 25,000 m² with an associated site area of 50,000 m². The largest tenant is currently the Swedish Work Environment Authority. Sjaelsö intends to renovate and further develop the property for offices and housing.“Vasakronan sought different development paths for Ekelund 1 and found that this property is

Vasakronan’s Annual General Meeting

Tue, Apr 22, 2008 17:20 CET

The Annual General Meeting of Vasakronan AB on April 22, 2008, approved a dividend of SEK 791 M (698).Vasakronan’s Board of Directors was re-elected. Lars V Kylberg was appointed Chairman and Birgitta Kantola, Lars Johan Cederlund, Christina Liffner, Jan Roxendal, Kristina Schauman and Håkan Erixon were elected Board members. The employee representatives on the Board are Marianne Gustafsson and Ronny Bergström.It was decided that Board fees would remain unchanged. The Chairman of the Board will receive fees totaling SEK 348,000, of which SEK 174,000 pertains to additional outgoing fees

Increased rents and decreased vacancies - Vasakronan’s interim report January – March 2008

Tue, Apr 22, 2008 14:19 CET

Vasakronan’s interim report for January – March 2008 showed that rental revenues increased by 7% and vacancies declined to 5% (6). The market value of Vasakronan’s properties continued to increase to SEK 46,104 M (38,930).“It has been an excellent start to 2008 with a continued strong rental market in the cities,” comments Håkan Bryngelson, President of Vasakronan. “Demand for modern offices in central locations remained high and rental levels increased somewhat during the first quarter.“Vasakronan’s rental revenues increased, operating expenses decreased and interest expenses increased,

Albihns first tenant in Svea Artilleri

Tue, Apr 22, 2008 09:45 CET

International IP and law office Albihns will be the first tenant of Vasakronan’s Svea Artilleri project on Valhallavägen (formally housing the Swedish National Defense College).The lease contract is for 2,250 m² of office space and occupancy is scheduled for March 2009. NAI Svefa served as consultant on behalf of the tenant in the process of selecting and procuring new premises.Albihns office is currently located at the junction of Sturegatan and Linnégatan in Stockholm’s Östermalm district. Albihns’s project manager for the relocation, Head of Communications Eva Cohen, said the following

Vasakronan best in industry at Universum Awards

Wed, Apr 16, 2008 10:44 CET

More than 15,000 students participated in Universum’s survey of the most attractive employer among students. The Property category was won by Vasakronan.Among companies in the property industry, Vasakronan was top among students.“It is extremely gratifying to receive confirmation that we are an attractive employer and that our work with students has produced results,” comments Håkan Bryngelson, President of Vasakronan.In the Universum Awards’ annual FöretagsBarometer, or company ranking, the company that is the most attractive employer among students at Sweden’s colleges and

Vasakronan – information on the interim report for the period January-March 2008

Tue, Apr 15, 2008 12:30 CET

Welcome to an information meeting regarding Vasakronan’s interim report for the period January-March 2008 on Wednesday, April 23, 2008 at 12:00 noon at the Operaterrassen venue in Stockholm. The presentation will be conducted in English.PROGRAMHåkan Bryngelson, CEO, and Björn Lindström, CFO, will present the interim report for January-March 2008. Lunch will be served at the invitation of Vasakronan.Moderator: Tobias Kaj, HandelsbankenRegister participation with bengt.moller@vasakronan.se or Per-Erik Holmström, Financial Hearings; hearings@financialhearings.com or at www.

Vasakronan’s Annual General Meeting on April 22, 2008

Fri, Mar 28, 2008 17:06 CET

Welcome to Vasakronan’s public Annual General Meeting on Tuesday April 22, 2008 at 4:00 p.m. at Garnisonen Conference, Main Auditorium, Karlavägen 100, Stockholm.RegistrationShareholders or others wishing to attend the Annual General Meeting should register their participation in writing, not later than Tuesday, April 15, 2008, to Vasakronan AB, Group Staff Legal, Box 24234, SE-104 51 Stockholm or by telephone to +46 (0)8-783 21 29 or fax +46 (0)8-783 21 01 or on the company’s website, www.vasakronan.se.Agenda1. Opening of the Meeting2. Election of Chairman of the Meeting3.

Great Public Relations Award to Vasakronan

Fri, Mar 28, 2008 16:52 CET

When the Swedish Public Relations Association presented the Great Public Relations Award on Thursday afternoon, the property company Vasakronan was presented as the winner.The jury’s commendation mentions Vasakronan’s long-term work with its brand and the goal-oriented manner in which information is used as a control and management instrument. Previous winners include Ericsson, IKEA and Fritidsresor.The Great Public Relations Award has been presented annually since 1990. The award is given to a company, organization, public-sector body, project or person that has successfully used

Vasakronan develops new detention center in Göteborg for SEK 600 M

Thu, Mar 06, 2008 11:43 CET

A new detention center is being developed on behalf of the Swedish Prison and Probation Service, and is scheduled for completion in 2010. The project involves the construction of a new detention center and office premises covering about 20,800 m2 of space and is estimated to cost approximately SEK 600 M.The project also includes the remodeling of the existing police building. A 25-year rental agreement has been signed with the Prison and Probation Service.The construction of a new detention center and office premises is part of the development of the area between the two Ullevi arenas in

Vasakronan Year End Report 2007

Thu, Jan 31, 2008 09:03 CET

Best result so far for Vasakronan. Property portfolio increased by SEK 7 billion to over SEK 45 billion.• Income after tax rose to SEK 4,650 M (3,409). The increase was attributable to unrealized increase in the value of the property portfolio, improved operating surplus and net financial items.• The market value of the properties increased to SEK 45,236 M (38,122). The unrealized increase in value amounted to SEK 4,750 M (3,253), an increase of 12.5% (9.9). The increase was mainly attributable to rising market rents.• Income after financial items before value changes increased to SEK 1,

Vasakronan - Information meeting regarding Year-end Report 2007

Fri, Jan 11, 2008 17:55 CET

January 11, 2008You are welcome to attend an information meeting regarding Vasakronan’s Year-end Report on Thursday, January 31, 2008, at 11.45 a.m., at Operaterrassen in Stockholm. The presentation will be conducted in English.PROGRAMHåkan Bryngelson, CEO, and Björn Lindström, CFO, present the Year-end Report for 2007. Lunch at the invitation of Vasakronan.Moderator: Hans Derninger, Vice President, European Equity Research, Deutsche BankRegister participation with bengt.moller@vasakronan.se or Per-Erik Holmström, Financial Hearings; hearings@financialhearings.com or at www.

Financial information from Vasakronan 2008

Tue, Jan 08, 2008 15:22 CET

January 8, 2008ReportsYear-end report 2007 - January 31, 2008Interim report January - March 2008 April 22, 2008Six-month report January - June 2008 July 11, 2008Interim report January - September 2008 October 27, 2008Year-end report 2008 - January 2009Annual ReportAnnual Report 2008 (Swedish)- February 2009Annual Report 2008 - March 2009Annual General MeetingPublic Annual General Meeting - April 22, 2008 at 4:00 p.m.Media and analysts’ meetingsYear-end report 2007 - January 31, 2008 at 12:00 noonInterim report January - March 2008 - April 23, 2008Six-month

Vasakronan has the most satisfied customers in the property industry – ranked first place in Sweden's NKI Satisfied Customer Index

Wed, Oct 31, 2007 11:45 CET

Vasakronan came in first place in the property industry’s own Satisfied Customer Index (NKI), the Property Barometer. Vasakronan has been one of the highest ranked customers since the contest began in 1995 and has topped the list on six occasions. The results for 2007 were a further improvement from an index of 79 to 81.Hufvudstaden came in second place with an NKI of 78 and third place was shared by Castellum and the municipal property company KIFAB with an NKI of 77.“I am proud and highly gratified that we have won this competition again,” says a very pleased Håkan Bryngelson, President

Vasakronan’s Interim Report January-September 2007 Strong income, low vacancy rate and SEK 43 billion in market value of properties

Thu, Oct 25, 2007 10:39 CET

• Income after tax rose to SEK 3,494 M (2,037). The increase was attributable to an unrealized increase in the value of the property portfolio and an improved operating surplus.• The market value of the properties increased to SEK 42,999 M (36,165). The unrealized value increase for the first nine months amounted to SEK 3,465 M (1,567), corresponding to 9.6% (4.7).• Income after financial items before realized and unrealized value changes increased to SEK 1,164 M (1,110), as a result of an improvement in the operating surplus and financial net.• Rental revenues increased to SEK 2,146

Håkan Erixon elected as new Vasakronan Board member

Thu, Oct 25, 2007 09:38 CET

Håkan Erixon, expert advisor at the unit for state ownership at the Swedish Ministry of Enterprise, Energy and Communications, was elected as a new member of the Board of Vasakronan AB at an Extraordinary General Meeting on October 25, 2007.Håkan Erixon, 46, joined the Ministry of Enterprise in 2007 and has solid experience of the capital market. He was based in London for about 20 years and was employed by companies including UBS Investment Bank, Merrill Lynch International and Citicorp Investment Bank. Håkan Erixon is an economics and business studies graduate of the Göteborg School of

Invitation to information meeting about Vasakronan’s Interim Report for January – September 2007

Wed, Oct 17, 2007 15:32 CET

Thursday, October 25, 2007 at 3:00 p.m. at Operaterassen in StockholmVasakronan will present its interim report for the period January to September 2007 and describe its strategy, as well as trends in the property and premises markets.Håkan Bryngelson, President, and Björn Lindström, Chief Financial Officer, will give presentations. Tobias Kaj from Handelsbanken will act as moderator. The presentation will be held in Swedish.Please register participation with bengt.moller@vasakronan.se or Per-Erik Holmström, Financial Hearings at hearings@financialhearings.com or via www.