Interim report January-September

Continued good development of earnings

Klövern’s development of earnings continued to be strong during the third quarter and profit from property management increased by 11 per cent.
News

Klövern AB (publ) announced on 26 October the issuance of an unsecured bond loan in the total amount of SEK 1,500 million under a framework amount of SEK 1,500 million. The bond loan has a duration of four years and a variable interest rate of three-month Stibor + 390 basis points with final maturity in November 2020.

Klövern’s development of earnings continued to be strong during the third quarter and profit from property management increased by 11 per cent. With contribution from positive changes in value of properties, profit before tax increased by 24 per cent.

Klövern acquires 21 properties in Malmö and 7 properties in Lund for SEK 910 million. Of these in total 28 properties, 9 are site leaseholds. The property portfolio encompasses in total 114,000 sq.m. of lettable area, whereof Malmö accounts for 88,000 sq.m. and Lund 26,000 sq.m.

Klövern gives you

Local presence

With our own staff at our units, we can provide tenants with fast service and have good knowledge of the market. Only by having close contact can we anticipate tomorrow’s needs.

Own management

Klövern is a real estate company offering customers efficient premises in selected growth regions with closeness and commitment. Management takes place in-house and with local commitment.

A broad range of premises

With our geographical distribution, we can offer premises at a number of locations in Sweden. We have a broad range of properties in the form of office, warehouse and industrial premises.

Sustainable concept

For Klövern, sustainable development means taking responsibility for the long-term economic, environmental and social results of how we put into practice our business concept and our values in operations.