News | Nordic Property News

ARTICLES TAGGED WITH "Klövern"

Titania buys 416 from Klövern: "It doesn't hurt that the outlook is better"

Sweden — On Wednesday, Titania announced that after long negotiations they had reached an agreement with Klövern regarding a future acquisition. 416 homes in a legally approved zoning plan at Huddinge station, outside Stockholm. CEO Einar Janson shares their ambitions for 2025 and the conditions for further acquisitions.

New management team in place in Klövern

Sweden — The continued formation of Klövern as a commercial housing company leads to an expanded management team of eight people.

Klövern recruits exec from Stenvalvet

Sweden — Klövern strengthens its team with a renowned name as new Head of Finance.

Klövern buys residential project in Solna

Sweden — Klövern has signed an agreement to develop and acquire building rights with the potential for around 500 homes in Solna from Ursus Real Estate Management.

Klövern set to develop new homes in Stockholm

Sweden — This year, Klövern has plans to start at least 800 homes in Kista. Now it may soon become relevant for additional housing in southern Stockholm. Nordic Property News takes a closer look at the situation.

"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.

The next step for Klövern under the new CEO

Sweden — With Nrep as the new main owner, changes are being made to the CEO's chair in Klövern. The new CEO Rickard Langerfors tells Nordic Property News about the new position, the ambitious goals for Klövern and the accompanying challenges, in which markets the company wants to grow and about the possibility of new acquisitions.

Rickard Langerfors new CEO of Klövern

Sweden — Rickard Langerfors becomes the new CEO of residential company Klövern as of September 11 and replaces the current CEO, Patrik Mellgren. Rickard Langerfors joins from Nrep, Klövern's new majority owner.

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.

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.

Nrep wants to change the industry through the purchase of Klövern

Sweden — Nrep flexes its muscles in the housing market by buying 51 percent of Klövern for SEK 2.5 billion. Now Nrep wants to turn the tide that housing construction has found itself in by making Klövern one of the largest housing companies in Sweden, Nrep's head of housing Rickard Langerfors says to Nordic Property News.

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.

Klövern's Future Plans after the Major Investment from the Secret Investor

Sweden — Klövern's owners, Corem, ALM Equity, and Broskeppet Bostad, have entered into a letter of intent with a secret international investor that the latter intends to acquire 25 percent of the shares in Klövern, to a value of approximately SEK 1,350 million. Klövern's Chairman of the Board, Patrik Essehorn, tells Nordic Property News about the new issue and plans for the future.

Klövern Acquires Residential för SEK 1.2 billion

Sweden — Klövern acquires almost 500 rental homes in attractive locations in Solna and on Värmdö outside Stockholm from the real estate company Broskeppet. The transaction is carried out as a non-cash issue.

Corem Signs New Lease Contract in New York

Sweden — Corem has, through its subsidiary Klövern, signed a lease contract with A24 Films for approximately 3,800 sq.m. of office space at 1245 Broadway in New York. The tenant, an American independent entertainment company active in motion pictures and television, will move in during the second half of 2022 and the lease term is 15 years.

Corem in Almost Total Control of Klövern

Sweden — Corem controls 98.5 per cent of the outstanding shares in Klövern.

Leaves Castellum for the New Giant

Sweden — Makes the switch between the two Swedish giants.

“I Look Forward to an Exciting Journey”

Sweden — Klövern, which is about to merge with Corem, har released its last interim report.

Corem Controls 89.1 Percent of the Outstanding Shares in Klövern

Sweden — Corem declares the offer unconditional and extends the acceptance period.

Klövern Purchases Two Properties in Gothenburg and Malmö

Sweden — Klövern has in two separate transactions signed contracts to acquire two properties in Gothenburg and Malmö for a total underlying property value of SEK 138 million.

Klövern's Board Recommends Shareholders to Accept Corem Offer

Sweden — The Board of Directors of Klövern recommends holders of Class A and Class B shares in Klövern to accept Corem’s public offer, meaning that they will receive Corem Class A and Class B shares, respectively, as consideration.

Klövern Makes Additional New York Acquisition

Sweden — Klövern has acquired and taken possession of a property in Manhattan with the address 407 Park Avenue.

Corem Makes Bid for Klövern

Sweden — Corem announces a public offer to shareholders in Klövern with intent to merge the two companies.

Peeter Kinnunen Is Appointed Acting CEO of Klövern

Sweden — Peeter Kinnunen, Head of Transactions, has been named acting CEO of Klövern as Rutger Arnhult is leaving the company.

Klövern Signs the First Lease Contract in New York

Sweden — Klövern has signed a lease contract with chef Matthew Kenney for approximately 730 sq.m. of restaurant space at the ground and lower levels at 1245 Broadway in New York. The new office project is located at the corner of Broadway and 31st Street in Manhattan. The tenant is expected to open operations in the second quarter of 2022 and the lease term is ten years.