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AGENDA JAN MAR 2019 IN FIGURES (JAN MAR 2018) +17% +1,4% RIGHT - - PowerPoint PPT Presentation
AGENDA JAN MAR 2019 IN FIGURES (JAN MAR 2018) +17% +1,4% RIGHT - - PowerPoint PPT Presentation
AGENDA JAN MAR 2019 IN FIGURES (JAN MAR 2018) +17% +1,4% RIGHT PROPERTIES IN RIGHT LOCATIONS GOOD LEASING RESULTS SEK 46 MILLION POSITIVE RENEGOTIATING RESULTS AVERAGE RENT UPLIFT 6% INCREASING SURPLUS RATIO
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JAN–MAR 2019 IN FIGURES (JAN–MAR 2018)
+17% +1,4%
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RIGHT PROPERTIES IN RIGHT LOCATIONS
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GOOD LEASING RESULTS – SEK 46 MILLION
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POSITIVE RENEGOTIATING RESULTS – AVERAGE RENT UPLIFT 6%
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INCREASING SURPLUS RATIO AND RENT/SQ.M
+14%
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RISING PROPERTY VALUES – DRIVEN BY OPERATING NET IMPROVEMENT & YIELD CONTRACTION
Valuation yield on average 5.4% (5.5) Valuation yield contraction 4 bps (Q4 to Q1)
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INCREASING AVERAGE LEASE DURATION
The average lease duration increased from 3.9 years at the beginning of the year to 4.1 years as per 31 March.
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NEW MODERN OFFICE ACCESSED IN OUR NEW CLUSTER – GOTHENBURG SOUTH CENTRAL
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DEVELOPMENT PROJECTS
MAJOR CURRENT PROJECTS UNDER CONSTRUCTION
Blästern 14 Phase 1 of 12,000 sq.m completed – grand opening on April 26th
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BLÄSTERN 14 – GRAND OPENING HOTEL BLIQUE BY NOBIS
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THE ROTTERDAM DISTRICT – REDEVELOPMENT OFFICE
BUILDING IN VÄRTAHAMNEN, STOCKHOLM OF 21,000 SQ.M.
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B26 – REDEVELOPMENT OFFICE BUILDING IN VÄSTERÅS CITY,
OF 4,700 SQ.M.
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GROWING PROFIT FROM PROPERTY MANAGEMENT
+17%
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LOAN PORTFOLIO
FUNDING MIX
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SHARE OF GREEN FUNDING
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3,1 3,2 4,2 4,2 4,1 4 4,7 4,5 5,1 5 5,6 5,5 3,4 3,7 3,4 3,2 2,8 2,5 2,4 2 3 2,9 2,7 3,5 1 2 3 4 5 6 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Average debt maturity Average fixed interest term
AVERAGE DEBT MATURITY & AVERAGE FIXED INTEREST TERM
YEARS
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3 3,1 3,3 3,4 3,6 3,8 4,1 4,3 2,6 2,4 2,4 2,1 2 1,9 1,8 1,8 0,5 1 1,5 2 2,5 3 3,5 4 4,5 5 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Average interest coverage, times Average interest rate, %
AVERAGE INTEREST COVERAGE & AVERAGE INTEREST RATE
TIMES/PERCENT
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KEY FINANCIAL RATIOS
+12%
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GOOD OFFICE RENTAL MARKET
Source: Newsec
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CONTINUED GOOD WILLINGNESS TO INVEST
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INVESTMENT PROGRAMME – PLAN AND TARGET 2019-2023
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INVESTMENT PROGRAMME PLAN TARGET SEK m 2015 2016 2017 2018 2019 Q1 2019 2020-2023 Development projects 14 141 312 578 97 600 1,800 Tenant improvements and other value creating investments 337 341 499 596 198 600 1,800 Maintenance investments 99 127 114 126 19 100 400 Total investments 450 609 925 1,300 314 1,300 4,000
At present the future development pipeline is approximately SEK 8 billion
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EDEN IN HYLLIE, MALMÖ – NEW OFFICE BUILDING
OF 8,000 SQ.M.
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STETTIN/TEGELUDDSVÄGEN 100 – REDEVELOPMENT OFFICE
BUILDING IN GÄRDET, STOCKHOLM OF 26,000 SQ.M.
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OXEL IN NORRKÖPING - REDEVELOPMENT OFFICE BUILDING
OF 6,000 SQ.M.
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An international collaboration environment for research, education, innovation and production within power and automation.
- THE VISION OF FINNSLÄTTEN, VÄSTERÅS
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GLADORNA 5,6,7– REDEVELOPMENT OFFICE BUILDING IN
STADSHAGEN, STOCKHOLM OF 11,500 SQ.M.
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