ARTICLES TAGGED WITH "Corem"

Corem signs lease of 6,000 sqm in Kista

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

Corem signs lease contract in New York

Sweden 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.

Corem strengthens the balance sheet by 93 million

Sweden Sweden — The real estate company Corem Property strengthens its balance sheet by carrying out a directed new issue of SEK 1.020 million, approximately EUR 92.93 million. The subscription price is SEK 9.60 kronor, EUR 0.87, per B share. This is stated in a press release.

Arnhult: "Corem still have properties worth a few billions for sale"

Sweden Sweden — Rutger Arnhult states that the challenges that Corem had a year ago have now been significantly mitigated and with more rate cuts on the way, he sees a brighter future for both Corem and the sector as a whole. During the company's report presentation on Friday, he highlighted the improved figures during Q2, how the average interest rate for the company has now reached its peak and why there is less pressure to sell as many properties as last year.

Corem has signed a six-year lease with the Swedish Coast Guard

Sweden Sweden — Corem has signed a six-year lease with the Swedish Coast Guard for approximately 3,500 square meters in Gothenburg.

Verdion makes new Gothenburg acquisition

Sweden Sweden — Verdion buys a 44,000 square meter property in the Backa district of Gothenburg from Corem.

Corem divests in Kalmar and Västerås

Sweden Sweden — Corem divest properties in Västerås and Kalmar for SEK 107 million (EUR 9.5 million).

Arnhult joyful over the net rental and the bond market

Sweden Sweden — Corem's CEO Rutger Arnhult sees the net rental of 49 million as the most positive thing about the company's first quarter and sees the turnaround in the bond market as "incredibly positive". At the same time, the vacancy rate has increased further and is now at 14 percent. Here he tells more about the company's path forward and how the company views projects and acquisitions going forward.

Emilshus buys portfolio from Corem

Sweden Sweden — Corem divests 19 properties in Jönköping, Huddinge and Linköping for SEK 768 million to Emilshus.

Corem signs two lease contracts in New York

Sweden Sweden — Corem has signed two additional new lease contracts for a total of 1 234 sqm at the project property 28&7 in New York. The tenants, Chenel Capital and Superstate are both investment firms. Chenel Capital will move in on 807 sqm during the fourth quarter of 2024 and the lease term is five years. Superstate moved in on 427 sqm in the beginning of March and their lease term is three years.

"We will probably sell for another EUR 85–170 million in 2024"

Nordic — During the fourth quarter of 2023, Corem continued on the same track they had during the whole year with sales of properties at a rate that can hardly be compared with any other company on the Swedish market. CEO Rutger Arnhult describes one of these deals as the worst in his entire life. At the same time, he predicts that sales will continue in the billions range.

Capman buys from Corem

Denmark Denmark — CapMan Social Real Estate Fund acquires the office and educational property Porcelænshaven, in Copenhagen, from Corem.

Corem divests two properties in Gothenburg and Malmö

Sweden Sweden — In two separate deals, Corem has signed agreements for the sale of two properties in Gothenburg and Malmö at a total underlying property value of SEK 101 milllion, which is in line with book value.

Corem signs new lease in Copenhagen

Denmark Denmark — Corem has signed a ten-year lease agreement with SOS International regarding 5,160 sqm of office space in Fairway House, Copenhagen. Move-in is planned for early September 2024.

Corem divests two properties south of Gothenburg

Sweden Sweden — Corem has signed an agreement for the sale of two properties in Mölndal at an underlying property value of SEK 90 million, which is in line with book value. The buyer is KAB Fastigheter.

Rutger Arnhult increases holdings in Corem

Nordic — On December 29, 2023, Rutger Arnhult's M2 Asset Management, itself and via a wholly-owned subsidiary, acquired 8.1 million shares of series A and 70.6 million shares of series B in the property company and also the associated company Corem Property Group AB. After the transaction, M2 Asset Management AB and subsidiaries own 43.9 million shares of series A, 460.1 million shares of series B and 3.3 million shares of series D. This corresponds to 44.6 percent of outstanding capital and 45.6 percent of outstanding votes.

Corem divests Stockholm office building to Folksam

Sweden Sweden — Corem divests the property Orgelpipan 4 in central Stockholm for SEK 570 million (EUR 48.8 million) to Folksam.

Planned Corem divestments terminated

Sweden Sweden — Two letters of intent which were communicated have not resulted in agreed divestments but instead been terminated.

Corem signs long term-lease in New York

Sweden Sweden — Corem has signed a lease contract with AC Hospitality for 353 sq.m. of the project property 28&7 in New York. The tenant, that will run a restaurant and sports bar at 28&7, will move in during the third quarter of 2024 and the lease term is 15 years.

Corem's plans for the Danish market: Staying – but cannot rule out more divestments

Denmark Denmark — In one of the largest deals in Denmark in 2023, Corem sold two properties in Copenhagen – which together accounted for 59 percent of the company's rental value in the Danish portfolio – to AP Ejendomme for EUR 334. Corem's Head of Transactions, Peeter Kinnunen, tells Nordic Property News about Corem's future plans in Denmark and gives his view on the transaction market in Denmark versus Sweden.

Corem signs new lease in Örebro

Sweden Sweden — Corem signs lease of 1,200 sqm with Tietoevry in Örebro Entré.

Corem divests two properties for EUR 335 million

Denmark Denmark — Corem has today signed an agreement for the sale of two properties in Copenhagen at an underlying property value of approximately SEK 3,900 million, which is in line with book value. The buyer is a foreign actor.

Corem's Rutger Arnhult: "The stars have aligned"

Nordic — Corem's CEO Rutger Arnhult answered questions when the company's interim report was presented yesterday. Among other things, he talked about the possible continued sale of the portfolio and about the net operating margin, which has improved compared to the previous year.