“During the period, we raised rental revenues 20% and income from property management 106%. The increase was primarily attributable to the Käppala acquisition and the newly constructed Parkhusen, which impacted net operating income in the second half of 2018. U25, a building in Larsberg with 74 apartments for young adults, was completed and will be ready for occupancy in the fourth quarter of 2019. In the third quarter of the year, we focused on an upgrade project in Käppala, whereby some 400 apartments are receiving a base upgrade,” comments Siv Malmgren, CEO of John Mattson.
Lidingö, 7 November 2019
John Mattson Fastighetsföretagen AB (publ)
For further information, please contact:
Siv Malmgren, Chief Executive Officer
Tel: +46 705 39 35 07
Maria Sidén, Chief Financial Officer
Tel: +46 703 37 66 36
Erik Kronqvist, Head of Investor Relations
Tel: +46 706 97 22 22
This information is information that John Mattson Fastighetsföretagen AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 a.m. CET on 7 November 2019.
About John Mattson
John Mattson is Lidingö’s largest residential property owner with more than 2,200 rental apartments. As of 30 September 2019, the market value of John Mattson’s property portfolio was SEK 6.2 billion. The property portfolio is located in southern Lidingö in the areas of Larsberg, Käppala, Baggeby and Dalénum.
The focus of the Company’s strategy is on property management, refinement, densification and acquisitions. The management of the Company’s properties is characterised by an overall perspective and close customer relationships.