Projects create value
In the framework of Klövern’s project activities, existing properties are developed and improved in connection with the letting of vacant premises, energy-saving measures and new production on building rights. The investments are made in order to increase the value of the properties through improved cash flow.
At the end of December 2018, a total of 402 projects (358) were in process with estimated expenditure totalling SEK 2,661 million (2,681). In all, SEK 759 million (1,246) remains to be invested in these projects. A total of SEK 1,791 million (976) was invested during the period January-December.
For projects exceeding SEK 50 million, investment often takes place in stages in connection with new leases being signed.
Klövern’s project activities are focused on developing existing properties, letting vacant space and energy-saving measures.
Klövern has building rights according to the local plan and assessed building rights, in the majority of Klövern´s prioritized locations.