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The latest announcement is out from Corem Property Group AB Class A ( ($SE:CORE.A) ).
Corem Property Group has signed a letter of intent to sell its property at 417 Park Avenue in New York to a U.S.-based real estate developer. This divestment is expected to result in a net income effect of approximately SEK -1 billion but will provide a positive liquidity effect of about SEK 2.3 billion. The sale aligns with Corem’s strategy to concentrate on the Swedish real estate market, reducing development and market risks while freeing up capital for more efficient allocation.
The most recent analyst rating on ($SE:CORE.A) stock is a Hold with a SEK4.50 price target. To see the full list of analyst forecasts on Corem Property Group AB Class A stock, see the SE:CORE.A Stock Forecast page.
More about Corem Property Group AB Class A
Corem Property Group is a leading real estate company in the Nordic region, focusing on sustainable ownership, management, and development of commercial properties in urban and growth areas. The company is listed on Nasdaq Stockholm, Large Cap.
Average Trading Volume: 6,109
Technical Sentiment Signal: Sell
Current Market Cap: SEK7.32B
Learn more about CORE.A stock on TipRanks’ Stock Analysis page.