Corem Property Group AB Class A
200.50
SEK
-8.00
(-3.84%)
Corem Property Group AB Class A
STO:CORE_PREF
(Nasdaq Stockholm)
Recent
price
200.50
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div
yld
- -
ROIC.AI
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- Business
- Corem Property Group AB (publ) (CORE-A.ST) owns, manages, develops, and leases commercial real estate properties focused on offices, warehouses, logistics facilities, and retail spaces in metropolitan and growth areas. The company maintains a diversified portfolio comprising approximately 267 investment properties with 2,158 thousand square meters of lettable area valued at SEK 51.7 billion as of June 30, 2025, primarily concentrated in Stockholm (41% of property value), Gothenburg, New York, Copenhagen, and other Swedish growth regions and logistics hubs. It offers in-house property management services emphasizing long-term sustainable ownership, property refinement, urban development, and tenant proximity through local offices. Corem's property types include centrally located premium offices such as the 1245 Broadway project in Manhattan; efficient city logistics and warehouse premises near major access routes; and retail properties, serving a broad customer base from design agencies and financial services firms to telecommunications companies like Ericsson. The company operates geographically across Sweden's largest cities and logistics hubs, Denmark, and the United States, with building rights enabling tailor-made newbuilds in collaboration with tenants. Founded in 1993 and headquartered at Riddargatan 13C in Stockholm, Sweden, Corem employs around 280 staff under CEO Rutger Arnhult and is listed on Nasdaq Stockholm Large Cap with series A, B, D ordinary shares and preference shares. In recent developments, Corem signed two new leases totaling over 2,000 square meters at its 1245 Broadway Manhattan project in September 2025 with tenants R/GA (1,423 sq m, five-year term) and a financial services firm (605 sq m, seven-year term), boosting U.S. annual contract value by USD 2 million and raising building occupancy to 80% ahead of April 2026 move-ins. The company extended a lease agreement with Ericsson in Kista and divested the 28&7 property in New York during 2025. In June 2025, Corem sold five properties in Uppsala, Örebro, and Linköping to Castellum for an underlying value of SEK 1.74 billion, aligning with portfolio optimization in growth regions.