Corem Property Group divests €1b of assets in Scandinavia

Sweden’s Corem Property Group has signed four letters of intent to sell office buildings in Sweden and Denmark worth a total of SEK 12 bn (€1 bn).

The first transfer of ownership is expected to take place at the end of November 2023, with the last sale scheduled for April 2024.

The latest transactions are part of Corem Property Group’s strategy of divesting properties to boost its balance sheet and free up capital for redemption of future bond maturities.

Since the start of the year, the Swedish property group has signed over 25 different transactions with a wide range of buyers and property types.

Corem owns, manages and develops commercial properties in metropolitan and growth areas in the Nordic region, as well as in New York.

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