Corem Property Group
Corem Property Group AB is a Swedish publicly-listed commercial real estate company that owns, develops, and manages offices, retail, warehouse, and industrial properties across Sweden, Copenhagen, and Manhattan, serving enterprise and government tenants under long-dated leases.
- Company typePublic
- Founded2007
- HeadquartersStockholm, Sweden
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Corem Property Group does
Corem Property Group AB (publ) is a Swedish commercial real estate company headquartered in Stockholm and listed on Nasdaq Stockholm under ticker CORE. The company owns, develops, and manages a portfolio of commercial properties — primarily offices, retail, warehouse/logistics, and industrial facilities — concentrated in Swedish regional cities and Stockholm, with additional exposure in Copenhagen, Denmark and a residual Manhattan, New York presence following a major divestment program. The portfolio was valued at SEK 47,197 million as of Q1 2026, with reported income of SEK 799 million for the quarter and SEK 3,283 million for full-year 2024.
The business operates through locally-staffed property management offices across 11+ Swedish cities plus Copenhagen, using a relationship-based sales motion complemented by a self-serve website listing channel for approximately 320 available premises. Recurring rental income from long-dated leases with enterprise and government tenants (including Ericsson, Tele2, Circle K, Elgiganten, Capio, Smartoptics, and multiple Swedish municipalities) forms the primary revenue stream, supplemented by property development and divestment gains and green bond issuance under an S&P-rated Green Finance Framework. Sub-brands include Kista Gate and Solna Gate (full-service office resorts), FirstOffice (serviced/coworking), and Uppsala Business Park (innovation-focused mixed-use).
Strategically, Corem is in a portfolio-rationalization phase following the 2021 merger with Klövern AB (now Corem Kelly AB): in 2025 the company divested 46 properties for SEK 5.2 billion and exited US development exposure via the sale of 417 Park Avenue (April 2026, SEK 2.2 billion liquidity) and 28&7 (November 2025). Capital is being returned to shareholders via SEK 150M and SEK 200M share buyback programs in 2026. A new CEO of property operations, Sebastian Schlasberg (ex-Castellum COO), takes over in Q2 2026 alongside continuing Group CEO Rutger Arnhult. Scope Ratings downgraded Corem to BB+ in December 2025. Sustainability remains a stated priority, with a climate-neutrality-by-2035 target and LEED Gold certification on the fully-let 1245 Broadway Manhattan tower.
Corem Property Group firmographics
Firmographics- Name
- Corem Property Group
- Legal name
- Corem Property Group AB (publ)
- Website
- https://corem.se
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Corem Property Group AB is a Swedish publicly-listed commercial real estate company that owns, develops, and manages offices, retail, warehouse, and industrial properties across Sweden, Copenhagen, and Manhattan, serving enterprise and government tenants under long-dated leases.
- Ownership category
- akta.pro rank
Corem Property Group industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Nonresidential Property Managers (531312), Real Estate (531)
- SIC
- Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
- akta.pro secondary industries
- Mixed-Use Property Management (BPAJAGAE), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where Corem Property Group is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices10 records
Markets served
Corem Property Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Commercial Property Rental Income: Primary revenue stream from renting commercial premises including offices, retail, warehouse, and industrial spaces to businesses across Sweden, Denmark, and New York
- Property Development and Divestment: Revenue from developing new properties and divesting existing properties. The company completed divestments of 46 properties totaling SEK 5.2 billion in 2025
- Green Bond Financing: Issuance of senior unsecured green bonds under Corem's Green Finance Framework, with proceeds exclusively used to finance sustainable investments
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Corem Property Group product offering
Product offeringCore offering
Corem Property Group owns, develops, and manages commercial real estate across Sweden, Denmark, and New York, with a portfolio spanning offices, retail, warehouse/logistics, industrial facilities, and mixed-use developments. The company provides serviced offices (FirstOffice), full-service office properties (Kista Gate, Solna Gate), urban development projects (Uppsala Business Park), and event/conference venues (Åby Arena), with sustainability and LEED-certified buildings central to its strategy.
Product overview
Corem Property Group is a Nordic commercial real estate company offering a portfolio of property types including offices, retail spaces, warehouses, industrial facilities, and lab spaces across major Swedish cities, Copenhagen, and New York. The company operates through several sub-brands and service offerings: Kista Gate and Solna Gate as full-service office properties with amenities; FirstOffice as a serviced office/coworking concept; and Uppsala Business Park as an innovation-oriented urban development project. The company also provides green lease agreements as part of its sustainability strategy, and owns mixed-use properties like Åby Arena that combine exhibition, hotel, and event facilities.
Differentiator
Problem solved
Functional benefit
Brands
- Corem Kelly: Subsidiary entity formerly known as Klövern AB, now operating under the Corem brand following the 2021 merger
Products and services
- Kista Gate
Quantifiable outcome
- Climate neutral across entire value chain by 2035
- +1 more outcomes
Companies that use Corem Property Group
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles4 records
Corem Property Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Corem Property Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- GDS Development Management (GDSNY)coreCorem collaborates with locally-based real estate developer GDSNY for all New York projects. Projects include 1245 Broadway (23-story LEED Gold office building) and 28&7 development. GDSNY provides local market expertise and development capabilities while Corem provides capital and international real estate expertise.
- Elite HotelsminorCorem signed a 20-year lease agreement with Elite Hotels for approximately 10,000 sqm at Uppsala Gate for a hotel with about 200 rooms.
- Åby TravällskapminorCorem co-owns Åby Arena in Gothenburg with Åby Travällskap. The venue includes exhibition facilities, event hall, hotel, conference facilities, restaurants, gym and harness racing track.
- HKC HotelsminorHKC Hotels operates the 220-room hotel at Åby Arena in Gothenburg under a hotel operator agreement with Corem.
Scale indicators6 records
Recent moves11 records
Expansion highlights4 records
Corem Property Group competitors and assessment
Company assessmentDirect peers
- Castellum: Sweden's largest listed commercial real estate company with offices, logistics, and mixed-use properties across the Nordics. Directly comparable business model, tenant mix, and sustainability positioning to Corem — and notably the former employer of incoming Corem property operations CEO Sebastian Schlasberg.
- Fabege: Stockholm-focused office landlord with a similar prime-office and urban development strategy. Comparable in tenant base (corporate/ government), product mix (offices, retail, lab), and ESG leadership in the Swedish market.
- Kungsleden: Swedish listed property company with a portfolio of office, industrial, and logistics assets across Swedish regional cities and Stockholm. Strongly comparable geographic footprint and property type mix to Corem.
- Atrium Ljungberg: Swedish urban development-focused listed REIT with offices, retail, and mixed-use assets in Stockholm, Gothenburg, Malmö and Uppsala — markets directly overlapping Corem's footprint, with comparable focus on sustainable urban districts.
- Catena: Nordic logistics and warehouse-focused listed property company. Directly comparable to Corem's warehousing and distribution emphasis, with similar tenant types (logistics, e-commerce) and Nordic geographic concentration.
- Nyfosa: Swedish commercial property company focused on high-yield transactions across Nordic regional markets. Comparable in target submarkets (regional Sweden), transaction-driven model, and exposure to industrial/logistics and office.
- Diös Fastigheter: Swedish listed property company with a regional city strategy (Norrköping, Örebro, Falun, etc.). Direct overlap with Corem's secondary Swedish city portfolio and similar tenant base across commercial and public-sector occupiers.
- Wallenstam: Stockholm and Gothenburg-based listed property company with commercial and residential assets. Comparable in property management-led approach, sustainability agenda, and direct leasing model.
- Sagax: Nordic listed property company specializing in industrial and warehouse properties with a long-lease, triple-net structure. Highly comparable to Corem's logistics/warehouse emphasis and Nordic regional exposure.
Broad incumbents
- Balder: One of Sweden's largest listed property companies with a broad Nordic and European portfolio spanning offices, retail, hotels and residential. Comparable in Nordic listed property strategy but operates at much larger scale and broader diversification than Corem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Corem Property Group social profiles
Digital presenceCorem Property Group compliance and trust
Trust signalCompliance2 records
Corem Property Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Corem Property Group leadership team
Management profileNumber of profiles
Profiles8 records
Corem Property Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Corem Property Group funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Corem Property Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Corem Property Group
What does Corem Property Group do?
Corem Property Group owns, develops, and manages commercial real estate across Sweden, Denmark, and New York, with a portfolio spanning offices, retail, warehouse/logistics, industrial facilities, and mixed-use developments. The company provides serviced offices (FirstOffice), full-service office properties (Kista Gate, Solna Gate), urban development projects (Uppsala Business Park), and event/conference venues (Åby Arena), with sustainability and LEED-certified buildings central to its strategy.
Is Corem Property Group a public or private company?
Corem Property Group is a public company. It is classified as public and is currently operating.
When was Corem Property Group founded?
Corem Property Group was founded in 2007. It employs 251 to 500 people.
Where is Corem Property Group based?
Corem Property Group is headquartered in Stockholm, Sweden, in the Europe region.
How does Corem Property Group make money?
Three revenue lines are on record. Commercial Property Rental Income is the primary driver. The others are property Development and Divestment and green Bond Financing.
Who are Corem Property Group's main competitors?
Direct peers on record are Castellum, Fabege, Kungsleden, Atrium Ljungberg, Catena, Nyfosa, Diös Fastigheter, Wallenstam and Sagax. Balder is listed as a broad incumbent.
Does Corem Property Group have an API?
No public API is recorded for Corem Property Group.
What industry is Corem Property Group in?
Corem Property Group's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization), with a secondary code of BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 531120 and its SIC code is 6512.