Media

Regulatory

Interim report January – September 2021

Income amounted to SEK 1,708 million (660). Net operating income amounted to SEK 1,227 million (500). Profit from property management amounted to SEK 811 million (335). Investments in new constructions and refurbishments amounted to SEK 848 million. Project development, including development of building rights, contributed with increases in value of SEK 174 million. Change in property value amounted to SEK 1,514 million (286). Change in value of...

Corem signs a lease contract with A24 Films in New York

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 signs four lease contracts in four cities

Corem has signed four lease contracts in Norrköping, Västerås, Örebro and Arlandastad (north of Stockholm) with a total annual contract value of SEK 18 million.

Regulatory

New number of shares and votes in Corem

In accordance with a conversion clause in the articles of association, voluntary conversion of ordinary shares of Class A to ordinary shares of Class B has taken place.

Regulatory

New number of shares and votes in Corem

As a result of Corem Property Group AB (publ)’s (“Corem”) public takeover bid to the shareholders of Klövern AB (publ), the total number of shares and votes in Corem has changed. During August new issue was made of 2,092,531 ordinary shares of Class A, 29,311,525 ordinary shares of Class B, 367,847 ordinary shares of Class D and 528,991 preference shares. As of today's date, the total number of shares in Corem thus amounts to...

Regulatory

Corem controls 98.5 per cent of the outstanding shares in Klövern

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Corem is listed on Nasdaq Large Cap

As of 21 July 2021, Corem's share is traded on Nasdaq Large Cap, which contains companies with a market capitalization in excess of one billion euros. Corem's market capitalization currently amounts to approximately SEK 28 billion.

Regulatory

Interim report January – June 2021

”The first half of 2021 has been very active for Corem. Following a successful takeover bid to Klövern's shareholders, it is now clear that Corem and Klövern will merge to jointly create a leading commercial Nordic real estate company with a focus on growth regions. We also report our best six months so far from our property management. Net letting during the period remained positive, amounting to SEK 24 million for the period, and profit from property management increased by 40 percent compared with the corresponding period last year. Our net asset value (NAV) now amounts to SEK 26.27 per share.”, kommenterar Eva Landén, VD.

Regulatory

Corem obtains BBB- rating with stable outlook from Scope

Corem Property Group AB (publ) has obtained a BBB- rating with stable outlook from Scope Ratings. “For several years we have worked actively to strengthen the company's financial key figures, efforts which have given good effects. To now receive an investment grade rating from Scope confirms that we stand on a strong and solid foundation. It is also an important step on our future journey, where we aim to create one of the Nordic region's...

Regulatory

Corem appoints new group management

As a result of the merger with Klövern, Corem has decided on a new joint group management, coming into effect from 16 August 2021. The group management will consist of: Eva Landén, CEO Anna Lidhagen-Ohlsén, Head of Property Management Anna-Karin Hag, CFO Jens Andersson, Head of Finance Patrik Mellgren, Head of Project Development Peeter Kinnunen, Head of Transactions “I look forward to starting the journey to become the Nordic...

Regulatory

New number of shares and votes in Corem

As a result of Corem Property Group AB (publ)’s (“Corem”) ongoing public takeover bid to the shareholders of Klövern AB (publ) and exchange offer to Corem's preference shareholders, the total number of shares and votes in Corem has changed. During June, a new issue was made of 60,100,578 ordinary shares of Class A, 650,078,663 ordinary shares of Class B and 7,177,962 ordinary shares of Class D, while 10,006,939 preference shares were newly issued and 1,720,635 preference shares were redeemed.

Regulatory

Corem controls 95.0 per cent of the outstanding shares in Klövern – Corem extends the acceptance period and initiates compulsory acquisition of minority shares in Klövern AB (publ)

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Notification regarding holdings of own shares

Corem Property Group's holdings of it’s own shares amount to 2,913,825 ordinary shares Class A, and 29,630,550 ordinary shares Class B. As a result of Corem's ongoing public offer to the shareholders of Klövern and the exchange offer to Corem's preference shareholders, the total number of shares and votes in Corem has changed. Subsequently, Corem's holdings in own shares as of today correspond to 3.10 percent of the total number of shares and 3.13 percent of the total number of votes in Corem.

Regulatory

Listing and admission to trading of ordinary shares class D in Corem Property Group AB (publ) on Nasdaq Stockholm

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Payment of consideration under the Offer is expected to begin on 18 June 2021

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem controls 89.1 per cent of the outstanding shares in Klövern – Corem declares the offer unconditional and extends the acceptance period

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem publishes supplement to offer document regarding the public offer to the shareholders in Klövern

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem publishes offer document regarding the public offer to the shareholders in Klövern

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem updates on publication of offer document regarding the public offer to the shareholders in Klövern

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem updates its financial targets

On 29 March 2021 Corem announced a public offer to the shareholders of Klövern AB (publ) with the intention of creating the Nordic region’s leading commercial property company with a focus on growth regions. The overall goal for the combined company is through long-term sustainable investments in geographical locations with high growth and strong cash flows provide high return on equity. At today's Board meeting, the Board has set new financial...

Regulatory

The Swedish Competition Authority approves Corem’s acquisition of Klövern and the merger of the companies

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.

Regulatory

Corem adjusts the exchange ratios in the previously announced public offer to the shareholders of Klövern

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.  

Regulatory

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

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. For further information, please see the section "Important information" below.