Projects activities

Klövern’s project activities are focused on developing existing properties, new production on building rights and letting of vacant space. Klövern’s project volume has been affected apace with increased letting and development of the properties. Most projects are of relatively limited size. Of the almost 150 projects in process at the year-end, only seven projects have an estimated investment exceeding SEK 10 million.

The prerequisites for carrying out new construction have increased markedly, which accords well with increased demand on the part of tenants for flexibility and quality. Producing new modern office environments, preferably in Business or Science Parks or adjacent to travel interchanges will be a profitable transaction for Klövern.

Projects during 2010
During the year, a large number of projects took place at existing properties. In all, SEK 464 million (351) was invested in 2010. Investments totalled SEK 198 million (615) at the projects completed during the year, and initiated in certain cases in previous years. In addition to the projects completed during 2010, a large number of major and minor projects are still in process. At year-end 2010, a total of 149 projects (118) were in process with estimated expenditure totalling SEK 1,456 million (633). In all SEK 819 million (233) remains to be invested in these projects.