press release

Interim report January - March 2022

In March 2021, Holmströmgruppen carried out a restructuring of the group. By combining companies with residential and community properties and shareholdings in Magnolia Bostad and Vincero Fastigheter, a new subgroup was created under a new parent company, Holmström Fastigheter Holding AB (publ), ("Holmström Fastigheter").

January - March 2022

  • Rental income amounted to SEK 20 million (3).
  • Net operating income was SEK 9 million (1).
  • Result from associated companies was SEK 0 million, which consists of capital share from Magnolia Bostad AB of SEK -14 million and SEK +14 million from Klippudden Fastigheter. Profit from participating interests in Vincero Fastigheter amounted to SEK 0 million during the period.
  • Realised change in value of investment properties of SEK 28m (0) is related to the sale of the Klippudden Group to a jointly owned JV company.
  • Operating profit was SEK 34 million (47).
  • Profit after financial items was SEK 26 million (47) and profit for the period was SEK 25 million (31).

Key events January - March 2022

  • Holmström Fastigheter, Slättö Core Plus AB ("Slättö") and Latona Fastigheter AB ("Latona") have established a JV company regarding the ownership of Klippudden Fastigheter. After the transaction, the JV company will be owned (directly or indirectly) 50% by Slättö, 47.5% by Holmström Fastigheter and 2.5% by Latona. The properties will be sold in at the valuations as of 31 December 2021. Holmström Fastigheter's property holdings in Region Kalmar and its property holdings in Norrköping and Linköping are included in Klippudden Fastigheter. Holmströmgruppen will continue to be the asset manager for Klippudden Fastigheter.
  • During the period, the above-mentioned JV company acquired the properties Rapsen, Månstenen and Asken 2 & 3, whereupon Holmström Fastigheter received an additional purchase price of approximately SEK 46.5 million as part of the original deal.

Important events after the end of the quarter

  • For the financial year 2021, the Annual General Meeting of Holmström Fastigheter decided on a dividend of SEK 700 million in total to the company's shareholders. Half of the dividend will be reinvested in Holmström Fastigheter through a subordinated shareholder loan.