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ARTICLES TAGGED WITH "Klarabo"

Klarabo: "We are well positioned for growth"

Sweden — Klarabo has released its report for the third quarter of 2024, a quarter in which the company increases earnings on most items. Klarabo's CEO, Andreas Morfiadakis, is satisfied with the figures, but still has a restrictive attitude towards new production going forward.

The profiles outlook on the residential market

Sweden — A high-profile analysis of the residential market from four players shows that the companies Klarabo, Ikano Bostad, Rikshem and John Mattson are taking different paths in the current situation. This is how they see the future.

Aims to be more active on the transaction market – here are the challenges ahead for Klarabo

Sweden — CEO Andreas Morfiadakis: "Klarabo's way back to being a transaction-intensive company where we continue to grow through acquisitions."

"Will have interesting discussions next quarter linked to acquisitions"

Sweden — 2023 has been a gap year for Klarabo, due to the turbulence experienced by the market and the outside world. The company already started measures in 2022 to get through the concern that has spread around the world. Klarabo has put growth on hold and basically paused all new production in favor of working with organic growth, through investments in its own stock. Andreas Morfiadakis, CEO of Klarabo, is satisfied with the financial results.

Klarabo appoints interim CFO

Sweden — Klarabo has appointed Urban Ottosson as interim CFO. Urban has extensive experience in the role of CFO in several publicly traded companies such as Hexpol, Ependion (Beijer Electronics), Lammhult Design Group, among others.

Klarabo extends existing loan until 2026

Sweden — Klarabo has extended an existing loan of SEK 365 million until the autumn 2026. The credit margin in the loan is below Klarabo's current average credit margin and at the same time the company extend its loan maturity to 2.4 years with the new loan.

Klarabo rents out 1,600 sqm to the City of Malmö

Sweden — Klarabo has signed a five-year lease agreement for 1,600 sqm with the City of Malmö at Norra Bulltoftavägen 63. The property is located in Malmö city center and is, with the signing of this rental contract, fully let. The agreement will take effect on October 1, 2023.

Klarabo Recruits Jonas Rosengren as New CFO

Sweden — KlaraBo recruits Jonas Rosengren to the position of new CFO. Jonas has extensive experience as finance manager and other leading positions in the real estate industry with responsibilities including borrowing, liquidity management and financial risk management.

Klarabo's CFO Leaves the Company

Sweden — Jenny Appenrodt has announced that she has decided to leave her position as CFO of Klarabo. Jenny will remain in her role for the next six months, or until a replacement is recruited.

Klarabo Makes Sustainable Investment – Joins LFM30

Sweden — KlaraBo is joining LFM30, Malmö’s local roadmap for a climate-neutral construction sector by 2030 at the latest, consisting of six strategic focus areas each with detailed targets.

"We Will Have Organic Growth through Our Existing Portfolio"

Sweden — Klarabo's CEO Andreas Morfiadakis on the rent potential in the company's portfolio, why Klarabo is well-positioned for tougher economic times despite a direct return of 3.9 percent and about the future demand for residential.

Klarabo Signs Lease with the Swedish Police Authority

Sweden — Klarabo has signed a four-year lease comprising just over 2,000 sq. m. with the Swedish Police Authority at Forskargatan 10 in Borlänge. The rental value amounts to approximately SEK 4.4 million.

Klarabo Makes Record-Breaking Acquisition from Niam

Sweden — Klarabo has signed an agreement to acquire a housing portfolio from Niam in Östersund with a total of 877 rental apartments. The acquisition was completed at an underlying property value of SEK 890 million and is Klarabo’s single largest acquisition as a listed company.

Klarabo Acquires Portfolio in Västervik

Sweden — KlaraBo strengthens its presence and acquires a portfolio of 37 apartments in total in Västervik. The total area amounts to 2,200 sqm of living area and is divided among three properties. The portfolio will be taken over 1 July 2022.

Klarabo Is Strengthening its Organisation

Sweden — Klarabo has recruited Kristin Lundmark as its interim Sustainability Manager. She will take up the position in mid-August 2022.

Klarabo and Obos Win Land Allocation to Create a New Block in Malmö

Sweden — The proposal from Klarabo and Obos, Boostad, has won a land allocation from the municipality of Malmö and will work together to build “Öster om mässan,” an entirely new block in Hyllie.

Klarabo Receives Land Allocation in Northern Sweden

Sweden — KlaraBo has received a land allocation at Anderstorg in Skellefteå. The area has a completed zoning plan that allows construction of approximately 10,000 sqm of BTA, or the equivalent of approximately 130 rental apartments.

Klarabo Acquires Residential Portfolio in Umeå

Sweden — Klarabo acquires a residential portfolio in Umeå of a total of 126 rental apartments with an underlying property value of SEK 175 million. The total area amounts to approximately 8,700 sqm and the portfolio will be taken over today.

Here Are Klarabo’s Targets After the IPO

Sweden — CEO Andreas Morfiadakis: “To take the next step, we need access to more…”

Klarabo Intends to List Its Shares on Nasdaq Stockholm

Sweden — Klarabo announces its intention to complete a listing of the Company’s B-shares on Nasdaq Stockholm. In connection with the listing, the Company intends to complete an offering to the general public in Sweden and institutional investors in Sweden and abroad.

Doxa Invests in Klarabo: "We Look at Every Investment Opportunity"

Nordic — After the major acquisition in Hyllie, Doxa continues its growth journey by entering as an investor in Klarabo. Chairman of the Board Greg Dingizian tells Nordic Property News what attracts Doxa about investing in other companies, what they are looking for in potential company investments and whether this will open doors for investments outside Sweden.

Klarabo and Kuststaden Merge to form New Company

Sweden — KlaraBo merges with Kuststaden through a share exchange where shareholders in Kuststaden receive newly issued Series B shares in KlaraBo. Together, a pure residential property company is formed with a total property value of just over SEK 6 billion and over 5,000 apartments in management. Access is planned for June. In parallel, KlaraBo continues with the preparations for the planned IPO.

After Klarabo's SEK 1 Billion Residential Purchase: ”We Still See Interesting Opportunities”

Sweden — Klarabo’s CEO Andreas Morfiadakis on how the latest acquisition came up, the IPO plans and future investment targets.

Klarabo Makes Large Acquisition in Trelleborg

Sweden — Klarabo has signed an agreement with Trelleborgshem for the acquisition of 27 properties with 807 rental apartments and associated premises. The acquisition is made at an underlying property value of approximately SEK 1 billion. In connection with the acquisition, Klarabo raises SEK 330 million through a new share issue.

Klarabo Buys in Central Helsingborg

Sweden — Klarabo has signed an agreement to acquire 74 rental apartments in Tågaborg in central Helsingborg. The portfolio was built in the early 1950s and comprises just under 5,100 square meters of lettable area at a rental value of approximately SEK 5.4 million.