PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Sweden's Klövern sees spring in 1Q10 profit
With the maxim `after the winter comes the spring', listed property group Klövern, based in Sweden's Nyköping, reported stable rental income for first quarter, with lower customer losses and good tenant payment flows. Net profit was SEK26m, turning round a loss of SEK44m in 1Q09. "Klövern is reporting stable rental income .. which is a strong result, bearing in mind the still weak state of the economy," said CEO Gustaf Hermelin. (See upcoming PIE Editions for full story)