Vasakronan had strong lettings in the first six months. During the period, renegotiations and lease extensions corresponded to 185,000 square metres (171,000) and annual rent of SEK 485 million (473), resulting in an increase on the previous rent payable of 8.3% (13.9).
Rental revenue increased to SEK 3,467 million (3,439). Revenue decreased SEK 59 million as a result of rent discounts provided due to Covid-19. For comparable property holdings, the increase was 2% (5).
Operating surplus amounted to a total of SEK 2,543 million (2,579). For comparable property holdings, the increase was 0.3% (6).
“The strong rental market we noted at the start of the year has changed and become more cautious for natural reasons. Nonetheless, we signed new contracts during the second quarter for SEK 111 million or 35,000 square metres. In these market conditions, being able to present such a strong performance in underlying operations is worthy of particular note. Moreover, we also have solid occupancy rates for our properties, both project and investment,” says Johanna Skogestig, CEO of Vasakronan.