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    CORE A   SE0010714279

COREM PROPERTY GROUP AB (PUBL)

(CORE A)
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Corem Property : is listed on Nasdaq Large Cap

07/21/2021 | 03:31am EST

As of 21 July 2021, Corem's share is traded on Nasdaq Large Cap, which contains companies with a market capitalization in excess of one billion euros. Corem's market capitalization currently amounts to approximately SEK 28 billion.

Corem was listed on the Nasdaq Mid Cap in January 2011 and has since shown continous growth. During March 2021 Corem announced a public takeover bid for Klövern's shareholders, with the aim of merging the two companies.

As of June 24 Corem reached 95 percent ownership in Klövern. An application for delisting of Klövern's shares from Nasdaq Stockholm has subsequently been made, with last day of trading having been set to 20 July 2021.

The merger of Corem and Klövern creates a leading commercial real estate company with a focus on growth regions. Corem's portfolio of properties for city logistics and Klövern's portfolio with a focus on office premises together create a well-balanced property portfolio of 510 properties with a fair value of
SEK 76 642 million.

As of 21 July 2021, Corems share is traded on Nasdaq Large Cap, where Corem replaces Klövern. Corem's market capitalization currently amounts to SEK 28 billion.

Since 30 June 2021, Corem is included both in the Global Property Research (GPR) General Index, and the GPR 250 Index which consists of the 250 most liquid listed real estate companies in the world.

"Being listed on Large Cap is an important step to us as it means increased attention both among analysts and the journalists. This provides a better opportunity for us to obtain a wider reach, as well as making Corem available as an investment alternative for additional institutional investors and funds." says Eva Landén, CEO of Corem.

FOR FURTHER INFORMATION, PLEASE CONTACT
Eva Landén, CEO
Telephone: +46 (0)8 503 853 33
E-mail: eva.landen@corem.se

 

Corem Property Group AB (publ)
Address: P.O Box 56085, SE-102 17 Stockholm
Visit: Riddargatan 13 C
Reg.no: 556463-9440, Registered office in Stockholm
www.corem.se

Corem Property Group AB (publ) is a real estate company that owns, manages and develops logistic properties in Sweden and in Denmark. Corem's overall aim is to be the leading real estate company in its segment, in combination with providing a high and stable return on equity for its shareholders. Corem's shares are listed on Nasdaq Stockholm, Mid Cap.

https://news.cision.com/corem-property-group/r/corem-is-listed-on-nasdaq-large-cap,c3387810

https://mb.cision.com/Main/9683/3387810/1447101.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
COREM PROPERTY GROUP AB (PUBL) -4.19% 32 Delayed Quote.70.21%
CORM PROP -0.16% 307 Delayed Quote.0.00%
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Financials
Sales 2021 2 999 M 328 M 328 M
Net income 2021 2 782 M 304 M 304 M
Net Debt 2021 43 214 M 4 727 M 4 727 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 2 317 M 253 M 253 M
EV / Sales 2021 15,2x
EV / Sales 2022 11,5x
Nbr of Employees 270
Free-Float 45,6%
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Managers and Directors
Eva LandÚn Chief Executive Officer
Anna-Karin Hag Chief Financial Officer
Johan Patrik Philip Essehorn Chairman
Bj÷rn Jonsson Chief Information Technology Officer
Jan Gunnar Percyval Sundling Independent Director