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    Staffan Bulow • Nordea

    Staffan Bulow's questions to Fastighets AB Balder (FSTGY) leadership

    Staffan Bulow's questions to Fastighets AB Balder (FSTGY) leadership • Q1 2025

    Question

    Inquired about the strategy behind potential property sales (offensive vs. defensive), opportunities for acquiring properties from JVs or increasing ownership in SATO, the potential sales value of unsold Karlatornet apartments, and the outlook for like-for-like rental growth in 2025.

    Answer

    The comment on transactions is a general observation that the market offers good opportunities for both buying and selling, not tied to a specific strategy as leverage reduces automatically. They are open to dissolving JVs and increasing their SATO ownership if it creates value. The potential sales value of unsold Karlatornet apartments is roughly SEK 1.3 billion. They expect like-for-like rental growth in 2025 to be in the same area as the current 2.9%.

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    Staffan Bulow's questions to BALD B.ST leadership

    Staffan Bulow's questions to BALD B.ST leadership • Q1 2024

    Question

    Staffan Bulow from Nordea inquired about the transaction market strategy, asking if Balder's view as a seller is defensive or offensive. He also asked about opportunities to acquire properties from JVs or increase its SATO ownership, the potential sales value of unsold Karlatornet apartments, and the outlook for 2025 like-for-like rental growth.

    Answer

    Erik Selin, executive, clarified that his comment on the transaction market was general, noting opportunities exist for both buyers and sellers, and not a specific plan to sell for deleveraging. He confirmed Balder is open to pragmatic deals like acquiring from JVs or increasing its SATO stake at the right price. He estimated the unsold Karlatornet apartments have a potential sales value of roughly SEK 1.3 billion. Regarding 2025 rental growth, both Erik Selin and Ewa Wassberg, executive, projected it would be in the 'same area' as the current 2.9%.

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