The property company D. Carnegie continues with its high activity even in the second quarter.
The completion of the issuance of the unsecured bonds for a billion kronor to mainly institutional investors safeguard the company’s capital over the next two to three years, says CEO Ulf Nilsson in the Managing Director in the latest interim report.
The Money will be used for extensive renovations until the company reaches a cash flow that is sufficient for the high pace it pursues.
At the same time, additional apartments acquired for the capital. D.Carnegie during the quarter agreed to purchase the 1,000 apartments in Stockholm, while a number of shopping centers and residential care sold to streamline the portfolio.
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The real estate reported in Interim report a strong increase in earnings for the first half of 2015, compared to the corresponding period last year. Profit after tax totaled SEK 213.1 million compared with 81.7 million in 2014.
The total result was 47 million compared with last year’s 16.5 million, according to the report. The figures should be seen in light of the comparative period in 2014 consists of only 5 months and covers a significantly smaller presence.
The company’s present business started in 2014 in connection with that in February of that year bought a residential property from Kvalitena valued to 2.9 billion.
D.Carnegie became in 2013 a dedicated property.
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