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Year-End Report 2011

2/9/2012 8:36 AM EST  -   Hufvudstaden

· Profit after tax for the year was SEK 1,435 million (1,733), equivalent to SEK 6.96 per share (8.40). The decrease can be attributed mainly to the lower unrealized change in value for the year compared to the preceding year.

· Gross profit totalled SEK 965 million (944), an increase of 2 per cent. The improved profit is due to higher rents and a lower vacancy.

· The Board proposes an increase in the dividend...

Stream Realty Partners Wins Trammell Crow Center Leasing and Management Assignme...

2/3/2012 12:11 PM EST  -   Stream Realty Partners, LP
DALLAS- Stream Realty Partners, L.P. today announced that it has been selected by J.P. Morgan Asset Management, acting on behalf of institutional investors it advises, to provide property management and leasing services for Trammell Crow Center— a 1.2 million-square-foot Class AA office tower located in the heart of Dallas’ Arts District and adjacent to the Woodall Rodgers Deck Park....

An update from Kungsleden on tax rulings

2/3/2012 2:00 AM EST  -   Kungsleden AB
The Administrative Court in Stockholm has reported its ruling on a case where listed Swedish property company Kungsleden appealed against the Swedish Tax Agency’s decision to reject deductions for the impairment of lagerandelar (defined in Swedish law as a construction company’s shareholding in a property management company) and the application of transitional provisions for the fiscal year 2009.

Strong net lettings and development laid foundation for highly favourable earnin...

2/2/2012 5:00 AM EST  -   Fabege

· Net lettings amounted to SEK 130m (27).
· Profit from property management amounted to SEK 564m (782), and rental ­income amounted to SEK 1,804m (2,007). The year-on-year change was due to net sales of properties and higher market interest rates.
· Unrealised changes in value amounted to SEK 1,093m (843) on properties and SEK –397m (106) on interest-rate derivatives.
· After-tax profit for the year amounted...

JM AB Nomination Committee proposals to the 2012 Annual General Meeting for chai...

2/1/2012 9:56 AM EST  -   JM
The Nomination Committee for JM AB is comprised as follows:

· AMF Pension represented by Lars-Åke Bokenberger, chairman
· Swedbank Robur Funds represented by Björn Franzon
· AFA Försäkring represented by Anders Algotsson
· Nordea Fonder represented by Jan Särlvik
· Lars Lundquist, chairman of the board of JM AB.

At the Annual General Meeting of JM AB on Thursday, April 26, 2012, the Nomination Committee...

JM acquires property in Uppsala

1/24/2012 7:46 AM EST  -   JM
JM is acquiring the Kungsängen 28:1 property in Uppsala Municipality. The property includes a newly adopted local plan for housing consisting of approximately 200 residences.
The purchase price amounts to 95 MSEK. Access and submission of the main part of the payment are due to take place during the first six months of 2013.

The seller is KB Kungsängen 28:1.

“We’re very happy to be able to acquire additional...

Selling a Deceased Property in Hendon Golders Green Finchley and Hampstead

1/9/2012 4:04 PM EST  -   Roundtree Real Estate
Often the property in Hendon Golders Green Finchley and Hampstead needs to be sold. However the sale cannot be completed until the Grant of Probate has been issued as it is only at this point that the executors have title to sell. This is frequently something that is not understood by the executors or beneficiaries in Hendon Golders Green Finchley and Hampstead who instruct Roundtree Real Estate agents and is not...

Fabege sells residential development rights

1/9/2012 9:00 AM EST  -   Fabege
Fabege has divested the forthcoming development rights for residential properties in Alvik (Racketen 11) and Solna (Styckjunkaren 4) to Peab and JM, respectively. While the transactions were already agreed upon, the terms and conditions have only now been fulfilled. Both of the transactions were implemented as sales of companies and resulted in a combined after-tax gain of SEK 47m, which will be recognised in the...
Westinghouse
 

Kungsleden signs ten year contract term Green Lease with Westinghouse

12/29/2011 2:00 AM EST  -   Kungsleden AB
Listed Swedish property company Kungsleden AB (publ) has signed a ten-year lease agreement with Westinghouse Electric Sweden AB, one of the world leaders in nuclear technology. Westinghouse will lease over 14,000 sq.m. in Västerås, west of Stockholm,  to an annual rental value of approximately SEK 16 m. The agreed lease is what is known as a Green Lease, where Kungsleden collaborates with its tenants to reduce...

Mall of Scandinavia – Another key component in place for Arenastaden’s continued...

12/23/2011 1:00 AM EST  -   Fabege
As part of a transaction with Unibail-Rodamco, Fabege’s co-owned company Råsta Holding has divested land worth SEK 630m for the construction of the Mall of Scandinavia shopping centre. In conjunction with the transaction, Fabege is also acquiring, from Råsta Holding, the right to develop 45,000 sqm of office space at a value of SEK 70m. The transaction with Unibail-Rodamco confirms and strengthens Fabege’s vision of...