Platzer Fastigheter Holding AB (publ)

Welcome, everyone, and thank you for joining us today. My name is Johanna, and together with my CFO, Jakob, we will be presenting the Q2 results.

Good morning.

The title of our presentation today is Continued High Business Activity and Strong Positive Net Letting. As I've said before, I have a clear ambition to maintain a high pace of business activity, and I'm proud. This quarter demonstrates tangible results from our efforts to meet our customer needs, while also maintaining a strong transaction pace. Net letting for the quarter amounted to 34 million Swedish crowns, primarily driven by our office segment, which is representing historically high levels. We improved our occupancy rate to 91.3%, Karin Pull, Karin Pull, Despite continued geopolitical uncertainty and we are successfully able to close deals. So I'm really proud on how our organization converts local market expertise and solid customer relationships into tangible business results. And as I've been clear about earlier, we intend to continue expanding within our industrial and logistic segment. Last quarter, we signed a combined asset swap with Port of Gothenburg, as you remember. And more recently, we acquired another newly developed logistic property from our joint venture, Söder Logistic Park. And as the next step in our growth journey continues, we have also launched Arendal 5.0, our next major growth initiative, which we will come back to a bit later. The quarter was characterized by significant volatility in the interest rate market. We continue to experience strong support from our banks and have not seen any material changes in the lending margins, either upward or downward. In the bond market, credit spreads have continued to tighten. Overall, we see our core business delivering strong results Karin Pull, Kristina Arelis Karin Pull, Kristina Arelis Karin Pull, Kristina Arelis Karin Pull, Kristina Arelis The improvement in rental income and net operating income was driven by indexation, lower rental discounts and contributions from our recent acquisitions, Østgjarde and Nimo. We also continued to improve our net financial items despite a somewhat high debt level. At the same time, we maintained or strengthened our key financial metrics. While completing investments, executing share buybacks and recognizing unrealized negative property value changes due to revised CPI assumptions. All of this was achieved while maintaining a strong and stable financial situation. Net letting amounted to 34 million as I mentioned and that is the positive trend that we've had for three quarters This is actually the highest level of net left in our existing management portfolio since our IPO in 2013. Our occupancy rate continues to improve with 0.6% from last quarter. It's now 91.3%. And the majority of the new leases that were signed were signed in our existing office portfolio. Tenet notifications of lease termination remained low this quarter as well, and that demonstrates our ability to successfully renew leases and meet our customer needs. In those lease renewals, as I mentioned before, we had a strong rental growth of 8%. And the largest single letting was actually done in the office segment of 8,000 square meters in Tenet. Most likely one of the largest lease agreements signed in the Gothenburg market during Q2. Tenant is the same property that Nordea will vacate in March 27. And we are of course very pleased that our ongoing repositioning of this city block, including new restaurant concepts, conference and gym facilities, is already showing results in our letting. And that's also well ahead of Nordea's Here are some of the data around that office lease with AFRI. For AFRI, the decisive practice for their future office location was the close proximity to the Central Station, of course, as well as our strong focus on the reuse and circular material choices Through our carefully developed sustainable concept. And this is tangible example on how our long-term sustainability strategy creates real business value. We have acquired the modern logistic property as I mentioned from the joint venture Søred Logistikpart. Speed is the tenant and it's fully led and we took position at 1st of July. The underlying property value is 570 million Swedish crowns, and this is the last unit that is developed in our joint venture with Katina Bortasjö. Here is a brief overview of some of the other lease agreements, grand openings, or lease renewals that we have been entrusted with from our tenants. I also want to touch a little bit on the Gothenburg market. If we start with the office market, the leasing activity is higher than it was a year ago, as I mentioned. The rental levels remain stable, although the competition is still quite intense, and the vacancy rate is high, it's around 15%. Prime Yield stands on about 455, while Prime Office Rentals are flat. And with top tenants, of course, top rents reaching above 5-6,000 Swedish crowns. But the... I'll have to take this one over.