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ARTICLES TAGGED WITH "Rutger Arnhult"

Corem CEO has faith in debated Stockholm area

Sweden Sweden — Corem recently presented its third quarterly report for 2024. CEO Rutger Arnhult placed a lot of focus on Kista and the news reporting that presented a demanding rental situation in the district, which has as vacancy rate of around 20 percent according to Newsec.

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 Manhattan building

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

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.

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.

"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.

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.

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 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.

Corem signs LOIs for EUR 1 billion divestments

Nordic — Corem has signed letters of intent to divest properties at an agreed total property value of approximately SEK 12 billion (EUR 1.03 billion).

Corem signes five-year lease contract in New York

Sweden Sweden — Corem has signed a lease contract with 1 RoundTable Partners for approximately 380 sqm of the project property 28&7 in New York. The tenant, a private equity firm, will move in during the second quarter of 2024 and the lease term is five years.

Corem fills Stockholm property – signs new lease

Sweden 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 two properties in Linköping

Sweden 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 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 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.

Scope affirms Corem’s BBB- issuer rating

Sweden 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.

Rutger Arnhult on His Return as CEO of Corem

Sweden 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 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 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.

Arnhult's Private Company Divests Big Volume in Castellum

Sweden Sweden — Rutger Arnhult's ownership company M2 Asset Management has repaid a securities loan of just under SEK 3 billion regarding shares in Castellum. After the transaction M2's ownership in Castellum amounts to approximately 1 percent of capital and votes.

Rutger Arnhult Proposed as New Board Member of Corem

Sweden Sweden — The nomination committee of Corem proposes a new election of the main owner Rutger Arnhult as a board member.

The Costs of Castellum's Management Changes

Sweden Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.

How Castellum Proceeds After the Heavy Board Losses

Sweden Sweden — Last Friday, Anna Kinberg Batra announced that she is leaving her seat on Castellum's board due to her new assignment as governor of Stockholm, and on Monday Rutger Arnhult announced that he too is leaving the board with immediate effect. Chairman of the Board Per Berggren tells Nordic Property News how he views the current situation on the board, how the vacant seats can be filled and how the hunt for a new CEO is progressing.