News | Nordic Property News

ARTICLES TAGGED WITH "Corem"

"I am almost surprised by the negative view of the housing market"

Sweden — John Sjölund, CFO at ALM Equity participated in Stockholm Corporate Finance's capital market days with a focus on the real estate market. He said, among other things, that there were several interested parties at Klövern, but also what made the decision in Nrep's favor in that deal. At the same time, he sees bright prospects for newly produced rental housing going forward.

Corem signs lease contract with restaurant wholesaler

Sweden — Corem has signed a 7-year lease with RestaurangJouren i Sverige AB, regarding a cold and freezer warehouse of nearly 2,000 sq.m. and approximately 1,100 sq.m. of land.

Corem and Alm Equity seals the Klövern-deal with Nrep

Sweden — The deal that was communicated on July 3 between Nrep and Corem Property Group, Alm Equity and Broskeppet Bostad was carried out on Thursday, according to two separate press releases from Corem and Alm Equity.

Corem fills Stockholm property – signs new lease

Sweden — Corem has signed a 5-year lease with restaurateur Niklas and Friends regarding 726 sqm in the property Orgelpipan 4, at Klarabergsgatan 33-35 in Stockholm. Occupancy is estimated at the end of 2023.

Corem divests a property in Linköping

Sweden — Corem has signed an agreement for the divestment of the property Paletten 1 in Linköping at an underlying property value of SEK 114 million (approximately EUR 10.4 million), which is in line with the book value.

Corem divests two properties in Linköping

Sweden — Corem has signed an agreement for the divestment of two properties in Linköping at an underlying property value of SEK 240 million.

Arnhult: "Corem probably needs to sell for another SEK 4–5 billion"

Sweden — Rutger Arnhult has been given a new lease of life since he returned to Corem as the new CEO in mid-June. In an out spoken interview with Nordic Property News he talks about what Corem's continued transactional work will look like, why the office market is not at all "stone dead" and he also gives a sober analysis of the low interest rates that created the bond problem that many real estate companies are now grappling with.

New capital-strong owner in place – this is the next step for Klövern

Sweden — Nrep are the capital-strong owners that Klövern sought after a tough start when, among other things, Corem was in a process of shedding off the housing segment, according to chairman Patrik Essehorn. At the same time, Corem, as one of the major owners, has been hit hard by extensive borrowing and high interest rates. Rutger Arnhult, Corem's CEO since a few weeks ago, tells Nordic Property News that Klövern will now be able to accelerate much faster than the company would otherwise have been able to do.

Corem divests two properties in Sigtuna and Kalmar

Sweden — In two separate deals, Corem has signed agreements for the sale of two properties at an underlying property value of SEK 164 million (EUR 14.9 million), which is in line with book value.

Nrep becomes the new main owner in Klövern – invests EUR 550 million

Sweden — Corem Property Group, Alm Equity and Broskeppet Bostad, which together own the housing company Klövern, have today agreed with the property investor Nrep on the sale of 51 percent of the shares in Klövern for approximately SEK 2.5 billion, including a dividend. NREP also undertakes to invest a further total of approximately SEK 4 billion in Klövern over time, through directed share issues.

Corem's Massive Divestment Journey

Nordic — Since the acquisition of the old version of Klövern went through, Corem has started a serious divestment project. Nordic Property News has taken a closer look at the work which – in addition to the sales to the own JV company with ALM Equity and the disposal of all shares in Castellum – after the latest sale in Denmark now amounts to close to SEK 10,833 million (approximately EUR 927 million) since December 2021.

Scope affirms Corem’s BBB- issuer rating

Sweden — Corem has received an updated issuer rating from Scope Ratings GmbH. The update affirms Corem’s BBB- rating, with a revised Outlook from Stable to Negative.

Areim acquires four light industrial properties in Gothenburg

Sweden — Areim acquires four light industrial properties in Gothenburg through two deals totalling approximately 17,000 sqm lettable area. The properties are located in the Sävedalen and Landvetter Industrial areas.

Corem divests a property in Denmark

Denmark — Corem has signed an agreement to divest a property outside Copenhagen at an underlying property value corresponding to SEK 250 million (approximately EUR 21.5 million), which is in line with book value.

Corem signs lease contract in New York

Sweden — Corem has signed a lease contract with Patis Bakery for approximately 190 sq.m. of the ground floor in the project property 28&7 in New York. The tenant, a bakery chain, will move in during the first quarter of 2024 and the lease term is 15 years.

Corem divests two properties in Gothenburg

Sweden — Corem has signed an agreement to divest two properties in the Gothenburg area at an underlying property value of SEK 111 million (approximately EUR 10 million), which is in line with book value.

Corem Signs New Lease Contract in New York

Sweden — Corem has signed another lease contract for approximately 605 sqm of office space at the project property 1245 Broadway in New York. The tenant, a finance and technology company, will move in during the first quarter of 2024 and the lease term is 5 years.

Corem Divests a Property in Denmark

Denmark — Corem has signed an agreement to divest a property outside Copenhagen at an underlying property value corresponding to SEK 290 million, which is in line with book value.

Rutger Arnhult on His Return as CEO of Corem

Sweden — More than ten years after he handed over CEO responsibility to Eva Landén, Rutger Arnhult returns as CEO of Corem - with Eva Landén as deputy CEO. For Nordic Property News, the industry veteran talks about his return, how he will lead the company and how he, as by far the largest owner, views his future holdings in the company.

Corem's Chairman: This Is the Reason for the Change in CEO

Sweden — Corem makes a change in CEO. Rutger Arnhult steps in as new CEO and Eva Landén moves to a role as Deputy CEO. Chairman of the board Patrik Essehorn tells Nordic Property News about the shift, about the work ahead and how the new top duo will lead the company.

Rutger Arnhult Appointed CEO of Corem

Sweden — The Board of Directors of Corem has appointed Rutger Arnhult as CEO of the company, effective from 16 June 2023. He succeeds Eva Landén who will assume the role as Executive Vice President.

Corem Signs Lease Contract in New York

Sweden — Corem has signed a lease contract for approximately 605 sq.m. of office space at the project property 1245 Broadway in New York.

Corem Makes Another Portfolio Divestment

Sweden — Corem has signed an agreement to divest a portfolio of ten properties in Kalmar for a total underlying property value of SEK 425 million, which is in line with book value.

Corem Completes Major Divestment

Sweden — Corem has transferred possession of the remaining 40 properties in a previously communicated transaction of 47 properties with an underlying property value of SEK 5,350 million.

Corem Signs Lease in Örebro

Sweden — Corem has signed a 3-year lease with WSP for approximately 1,520 square meters of office space in newly built Örebro Entré, property Olaus Petri 3:234.