High rate of renovation in Victoria Park | Realtid.se

The turnover increased by 12% to SEK 579 million in the first half of 2018, compared to SEK 518 million in the first half of 2017.

Management income increased by 8% at SEK 172 million, against SEK 159 million in the same period last year

The after-tax profit amounted to 720 million Swedish crowns, compared to 1,160 million Swedish crowns during the same period. Last year. It corresponds to 2.92 SEK per share, compared to 4.76 SEK per share

"In June, Vonovia announced that it was completing its cash offer to shareholders in Victoria Park, an offer like Victoria Parks budgets evaluated to reflect the value of the company.As of July 3, Vonovia held about 66% of the total number of shares and 61% of the total votes in Victoria Park after full dilution We look forward to continuing to develop Victoria Park with a strong core owner, as well as an industry player with solid expertise and experience in our field, enabling a series of synergies, "writes Per Ekelund in his commentary on the report. and continues: 19659002] "Even during the second quarter, we had a high rate of renovation with 287 apartments renovated and completed during the quarter, and 580 so far this year." s acquisitions we have made recently, we still have significant potential for transformation over the entire stock, the proportion of renovated apartments being only 32%. "Our long term goal of a 20 billion real estate portfolio by 2020 is firm and we are continually working to improve our successful model in existing equities. In addition, we have a solid financial position and meet regularly with municipal and private players for new acquisitions, with the ambition to create safer and more attractive housing areas for our tenants, employees and shareholders, as well as for society ". Ekelund at the conclusion of the CEO's report.