Several heavy players on the Swedish property market have reported quarterly figures.
Castellum's CEO Joacim Sjöberg feels a "growing optimism ahead of autumn", according to a comment in the property company's report.
The property company Castellum reports a management result of 1.3 billion kronor for the second quarter of the year. This can be compared to 1.1 billion during the same quarter last year.
The improvement was in line with expectations, according to Bloomberg.
"Quality and location"
Rent and service revenues during the second quarter of the year remained unchanged at 2.5 billion kronor. The so-called operating surplus increased to 1.8 billion, up from 1.7 billion.
According to CEO Joacim Sjöberg, the rental market is moving in different directions within the office and logistics segments.
"Quality and location are becoming increasingly important and dialogues with new tenants are intense. Both the bank market and the bond market offer good terms and the transaction market is starting to take off. Overall, we feel a growing optimism ahead of autumn", he says in a comment in the report.
Balder, another major player on the Swedish property market, reports a management result of 1.6 billion, in line with a year earlier and marginally better than expected.
Reduced net debt
Rent revenues increased to 3.2 billion from 2.9 billion, while Balder's operating surplus increased to 2.4 billion from 2.2 billion.
"Access to financing has been continuously good and we have, in addition to ongoing financing in banks, made a couple of bond issues. Net debt has decreased by almost 6 billion compared to the same time last year", says Balder's CEO Erik Selin in the report.
The property company Kungsleden has simultaneously reported declining rent revenues, to 711 million from 741 million a year earlier. The management result, however, increases slightly, to 401 million – up from 393 million.
