from property management in Q3, attributable to the parent company’s
shareholders, amounted to SEK 760m, corresponding to an increase of 24 % per
ordinary share to SEK 3.94. The increase was generated through a larger
property portfolio with slightly higher rents per sqm, a better surplus ratio
and good financing conditions.
terms of financing, we carried out two issues in the Eurobond market during the
quarter, of which one was a senior unsecured bond with maturity in 2026 and a
fixed interest rate of 1.95 % as well as a hybrid bond with a fixed interest
rate of 3.13 %. We used the proceeds from the hybrid bond to retire our
Preference shares just after the end of the quarter.
The property market
property market in the Nordic region still feels stable with strong interest
from investors and we usually see tough competition for attractive properties.
The part of the market where we have noticed an increased supply and a more
uncertain price level is the market for certain types of retail properties and
for expensive residential building rights. The price of residential building
rights has increased strongly in recent years in some places so a certain
degree of correction does not feel completely unexpected. However, I am still
optimistic about the residential segment over time.
remain optimistic about Balder’s long-term performance, based on our
organisation, financing possibilities and our many different investments
Chief Executive Officer