Klövern AB (publ) intends to establish a Medium Term Note programme with a framework amount of SEK 10 billion, to be secured by a pool of assets. The intention is that the collateral to be included in the pool, with properties as underlying assets and fully covered by property mortgage certificates, shall be characterised by attractive regions, mainly the Stockholm, Gothenburg, Malmö and Uppsala regions, and leverage levels not exceeding 55 percent at the date of issue. The establishment of the programme is expected to take place during the autumn of 2017.

Klövern and the Nordic shopping centre company Citycon have signed a letter of intent for joint development of the shopping centre Globen Shopping, located just south of Stockholm's inner city. The aim is to contribute to the realisation of the City of Stockholm's vision for Söderstaden - a versatile and urban city district filled with experiences.

Klövern is reporting strong and stable six-month earnings. Profit before tax of SEK 1,718 million corresponds to an increase of 18 per cent. We have continued to work on focusing the property portfolio on the strongest growth regions in Sweden.

Klövern has acquired the property Kungsängen 37:13 in Uppsala. The underlying property value amounts to SEK 285 million. The property encompasses around 15,000 sq.m. of lettable area, mainly office area, divided into one separate building and four interconnected buildings. The rental value amounts to SEK 26 million and the economic occupancy rate is 83 per cent. Transfer of possession will be on 2 October 2017.

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.