Rental revenues increased by 9% and the vacancy rate declined to 4% (5), according to Vasakronan’s interim report January-June 2008.
“During the first six months of 2008, Vasakronan reported the strongest earnings in its history,” commented Håkan Bryngelson, President & CEO of Vasakronan. “Rental revenues rose, operating expenses declined and interest expenses increased, which combined led to improved income after financial items and before changes in value of SEK 918 M (777).”

 Rental revenues increased by 9% to SEK 1,539 M (1,418). Leased annual rent increased to SEK 3,427 M and exceeded the reported annual rent of SEK 2,995 M by 14%.
 The vacancy rate declined to 4% (5) of rental revenues.
 Income after financial items before value changes increased to SEK 918 M (777), as a result of improved operating income.
 The market value of properties increased to SEK 46,685 M (41,243). The unrealized increase in value for the first six months amounted to SEK 160 M...