Akademiska Hus Annual Report

EASTERN REGION (ÖST)Major efforts are being made to develop the twin towns of Linköpingand Norrköping into the fourth city region. Together with other townswithin commuting distance the region has a labour market area witha population of approximately 500,000. This initiative should beviewed in the light of the link which exists between growth and populationin a region. A joint initiative ought to benefit development in theregion as a whole. Akademiska Hus Öst carries on operations inthree large towns and in Grythyttan. The large towns are Linköping,Norrköping and Örebro.MELLRINGELinköping has a strong rate of growth, closely followed by Norrköping.Linköping University, one of the larger universities in Sweden,has operations in the two towns and is a strong driving force forexpansion in both. Örebro, which in terms of size is comparable toLinköping and Norrköping, has a rate of growth that is almost on thesame level as these two. Örebro is part of the Mälardalen labour marketregion which, in line with improvements in the infrastructure, isbecoming increasingly intertwined with the Stockholm-Uppsalaregion. The rental market in the three towns is stable. AkademiskaHJÄRSTAHus has only a small volume of vacant space in Linköping. InGrythyttan there is Måltidens Hus, which is part of Örebro Universityand for a number of years has been included in the Eastern Regionproperty holdings. There is only a limited rental market in Grythyttanand the Group does not have any vacant space there.General facts about the major towns in the regionVIVALLAPopulation, December 31,200760140,367 126,680 130,429E20Increase in population 2007E181,787 HENNINGSHOLM 1,217 1,452VENANNumber of full-timestudents 2006Linköping Norrköping ÖrebroHAGABY12,800 4,400 8,752Pragménsv.RINGSTORPRent level, A-locations, 1,300–1,500 1,100–1,400 1,100–1,350offices, SEK/m 2Rent trend Stable, Stable, Stable,Level of vacant space, % 5–7 5–8 2–5Vacant space trend Stable Stable StableSource: Statistics Sweden, Swedish National Agency for Higher Education and Newsec.LINKÖPINGTOWN CENTREE20E18ÖREBROCENTREÅBYÖR NSRO1SÖRBYVALLA CAMPUS2E18E20Property specification, Eastern RegionKarlstadMap referenceProperty name Property designation Principal tenantADOLFSBERGProportionof rentablefloor spaceLocationRentable floorspace, total, m 2VacantBRICKEBACKENRental incomeplus supplements,KSEK1 Valla Campus Intellektet 1 Linköping University 73% Linköping 215,263 6,785 274,8682 Örebro University Universitet Örebro University 100% Örebro 85,995 145,203Kåkenhus 11 Linköping University 100% Norrköping 12,993 23,496Täppan 23 Linköping University 100% Norrköping 16,269 28,421Måltidens Hus 6:419 Örebro University 100% Grythyttan 3,128 4,005Kärnhuset 6:432 Örebro University 100% Grythyttan 1,656 911Kopparhammaren Norrköping 0 0Total 335,304 6,785 476,904Rent reductions and vacant space –7,705Rental income, net 469,199Akademiska Hus Annual Report 2007 | Geographical markets 21