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News

Klövern divests 21 properties in Örebro, Malmö, Haninge and Växjö for a total underlying property value of SEK 1,570 million. The properties´ lettable area amounts to approximately 123,000 sq.m. and consists primarily of premises for warehouse/logistics. The rental value amounts to SEK 140 million and the economic occupancy rate amounts to 93 per cent.

After registration of the share issue, Klövern’s ownership, through Dagon, amounts to approximately 92.4 per cent of the share capital and approximately 93.0 per cent of the votes in Tobin Properties.

Klövern has signed a contract at an initial amount of USD 22.6 million, corresponding to SEK 215 million, for a site leasehold in Manhattan with the address 118 10th Avenue.

Klövern AB (publ) has issued SEK 700 million of senior unsecured bonds under a framework amount of SEK 2,500 million. The bonds have a tenor of four years and a floating interest rate of STIBOR 3m + 425 basis points with final maturity in June 2023.

Klövern is reporting strong earnings for the first quarter of 2019. Acquisitions, high net moving-in, rising rent levels and continued positive changes in value of properties contributed to the good earnings performance. We have continued to realize our strategy of streamlining and concentration.

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 attractive premises in 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 and in Copenhagen. 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.