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ARTICLES TAGGED WITH "Corem"

Corem sells New York property at a loss

Sweden — Corem Property Group has signed a letter of intent with a U.S. based real estate developer regarding the divestment of the property 417 Park Avenue in New York.

Corem completes divestment on Manhattan

Sweden — The previously announced divestment of the project property 28&7 in Manhattan, New York, to Capstone Equities has been completed, and the property was transferred on November 18, 2025. The transaction was carried out at an underlying property value corresponding to approximately SEK 770 million based on the current exchange rate.

Corem’s major selling spree – divestments for EUR 2,167 million

Nordic — Last week, Corem announced the sale of 14 properties to Areim for SEK 1.2 billion. The transaction marked the next step in the company’s extensive divestment journey, which has been ongoing since 2021. Nordic Property News has taken a closer look at the company’s disposals – and how the stock market has responded to these transactions.

Corem open to further divestments

Nordic — On Tuesday, Corem announced the sale of a property portfolio worth SEK 1.2 billion to Areim. The company’s Head of Transactions, Peeter Kinnunen, does not rule out further divestments.

Corem divests light industrial portfolio

Sweden — Corem has signed an agreement to divest a portfolio of 14 properties located in Gothenburg, Huddinge, Norrköping and Västerås, at a total underlying property value of SEK 1,204 million, which is in line with the book value.

Arnhult buys Corem shares for nearly 7.4 million SEK

Sweden — Corem's CEO Rutger Arnhult is adding to his holdings with, among other things, B and D shares.

Corem reaches 70 percent of divestment goal: "Many ongoing dialogues"

Sweden — Corem continues the effort to optimize the portfolio and so far this year they have sold for SEK 3.5 billion (EUR 0.32 billion), which means they are getting closer to the goal of selling for at least SEK 5 billion (EUR 0.45 billion). In the latest Swedish transaction, they chose to sell centrally located properties in some of Sweden's largest cities. CEO Rutger Arnhult shares how they are continuing to work towards achieving the goal.

Corem divests a property in New York

Sweden — Corem has signed an agreement with Capstone Equities to divest the project property 28&7 in Manhattan New York at a underlying property value corresponding to approximately SEK 770 million based on today’s exchange rate.

Corem divests property portfolio for EUR 159 to Castellum

Sweden — Corem has signed an agreement with Castellum to divest a portfolio of five properties, located in Linköping, Uppsala and Örebro, for a total underlying property value of SEK 1,740 million (EUR 159 million).

Prisma acquires property from Corem – strengthens presence in Norrköping

Sweden — Prisma Properties has signed an agreement to acquire the property Malmen 8 in Norrköping from Corem Property Group, at an underlying property value of approximately SEK 20 million (excluding deductions for deferred tax). The property is leased to MAX, Pizza Hut, and Preem, generating a total annual rental income of approximately SEK 1.2 million and a WAULT of 5.5 years.

"Many buyers and a strong capital inflow into the sector"

Sweden — Corem is continuing its divestment strategy and, following its latest sale, has now fully exited the Halmstad market. After saying farewell to Halland region’s largest city, the company is moving forward with efforts to optimize its balance sheet. Head of Transactions, Peeter Kinnunen, shares insights into the continued portfolio adjustments, upcoming sales, and the current state of the transaction market.

Corem divests five properties in Halmstad

Sweden — Corem has signed an agreement to divest a portfolio of five properties in Halmstad for a total underlying property value of SEK 290 million (EUR 27 million).

Corem attracts HQ to the Globen area

Sweden — Corem has signed a nine-year lease agreement with the fuel company Circle K for 2.038 square meters in the Arenan 2 property in the Globen area, Stockholm. Circle K is thus moving its Swedish headquarters to Corem's premises. The move is planned for January 2026.

Corem CEO: "The Ericsson property will leave the office market"

Sweden — Corem is a smaller company today than it was a couple of years ago, CEO Rutger Arnhult concludes when commenting on the results from 2024. They have divested significant parts of the property portfolio and will continue to do so. Not even the flagships are safe. He shares the plans for the Ericsson property, where the tenant left a big vacancy in H2.

Corem divests properties to Emilshus

Sweden — Corem has signed an agreement to divest a portfolio of eight properties in Halmstad at an underlying property value of SEK 520 million to Emilshus.

Corem has leased 100 percent of the area in the project property 28&7 in New York

Sweden — Corem has signed an additional lease contract, for 427 square meters to Angle Health, in the project property 28&7 in New York. The term is 5 years and moving-in is planned for the second quarter 2025. As a result, the property is fully leased at a total annual contract value of just over USD 9 million.

Corem signs five new lease contracts in New York

Sweden — Corem has signed an additional five new lease contracts for a total of 3,362 square meters in New York. As a result, Corem's total annual contract value for all signed leases in the US increases by approximately USD 3 million and thereby amounts to approximately USD 22 million and the occupancy rate in the project properties 1245 Broadway and 28&7 hereby amounts to 74 and 87 percent, respectively.

Corem acquires Helsinki property from Fennia Life

Finland — Fennia Life has sold a well-known medical center property to a fund managed by the French company Corum. Located at Raumantie 1a, Pihlajalinna Dextra Munkkivuori offers the most comprehensive private emergency services in the Helsinki metropolitan area, including pediatric emergency care, accident and emergency care, and general practitioner services.

Corem divests in Borås

Sweden — Corem sells property in Borås to Järngrinden for SEK 320 million (EUR 27 million).

Corem CEO has faith in debated Stockholm area

Sweden — Corem recently presented its third quarterly report for 2024. CEO Rutger Arnhult placed a lot of focus on Kista and the news reporting that presented a demanding rental situation in the district, which has as vacancy rate of around 20 percent according to Newsec.

Corem divests in Sigtuna and Stockholm

Sweden — In two separate deals, Corem has signed an agreement for the sale of three properties in Sigtuna and a site leasehold in Stockholm for a total underlying property value of SEK 100 million (EUR 9.1 million), which is in line with book value.

Corem signs lease of 6,000 sqm in Kista

Sweden — Corem has signed a five-year lease agreement with the Swedish technology company Mycronic for 6,038 square meters in the property Helgafjäll 5 in Kista north of Stockholm city. The property is located in central Kista by the square next to the Kista fair.

Corem signs new lease in Kista

Sweden — Corem has signed a three-year lease agreement with the global outsourcing company Transcom regarding a 1,067 square meter office space in the property Borgarfjord 4 in Kista, Stockholm. Access is planned for the first quarter of 2025.

Corem signs new lease in Manhattan building

Sweden — Corem signs lease contract in New York with Swedish Epidemic Sound.

Corem signs lease contract in New York

Sweden — Corem has signed an additional new lease contract for a total of 807 sqm at the project property 28&7 in New York. The tenant Injective Labs, active in fintech, will move in in the first quarter of 2025 and the lease term is five years. With the signing of this lease, Corem's total annual contract value for all signed lease contracts in the US amounts to approximately USD 18 million and the occupancy rate in 28&7 amounts to 73 percent.