Akademiska Hus Annual Report

Regions and GroupKey figuresKey figures for the regional companies and the GroupRegionSouth West East Uppsala Stockholm North GroupKey figuresRental income, SEK/m 2 1,342 1,356 1,422 1,314 1,721 1,192 1,439Operating costs, SEK/m 2 245 219 210 286 273 195 244Maintenance costs, SEK/m 2 285 181 180 288 145 175 204Net operating profit, SEK/m 2 738 874 960 662 1,193 755 906Property administration costs, SEK/m 2 78 78 71 74 74 70 74Vacant space, % 4,5 2,3 2,0 3,8 3,2 2,0 3,1Direct yield, % 5,8 6,0 6,8 5,8 5,7 7,3 6,0Property factsAverage rentable floor space, m 2 504,720 493,540 330,073 549,605 935,777 408,082 3,221,797Vacant space, m 2 22,630 11,098 6,785 21,002 29,468 8,172 99,155Assessed fair value, properties, SEK m 6,377 7,217 4,604 6,334 19,571 4,264 48,389Assessed fair value, properties SEK/m 2 12,507 14,505 13,252 10,960 20,699 10,268 14,713NKI and NMISatisfied Customer Index (NKI) 68 66 78 66 69 74 69Satisfied Employee Index (NMI) 64 64 73 71 71 73 69Vacant space and direct yield, %86420SouthWestEastUppsala StockholmNorthDirect yield was on average 6.0 per cent.The regional companies reported a direct yield ofbetween 5.7 and 7.3 per cent.The level of vacant space continues to be low and fellduring the year to 3.1 per cent (3.5).Vacant spaceDirect yieldRental income and net operating profit, SEK/m 22 0001 5001 000500Management costs, SEK/m 2300250200150100500SouthWestEastUppsala StockholmNorth0SouthWestEastUppsala StockholmNorthRental incomeNet operating profitRental revenue was on average SEK 1,439/m 2 and varied between SEK 1,192/m 2in the Northern region and SEK 1,721/m 2 in the Stockholm region. The variationis due mainly to different market conditions. A larger proportion of laboratoriesmeans increased rental income.The net operating profit, calculated in SEK/m 2 , was on averageSEK 906/m 2 and was highest in Stockholm with SEK 1,193/m 2 .Operating costsMaintenance costsProperty administration costsOperating costs calculated in SEK/m 2 amounted to between SEK 195/m 2 forthe Northern region and SEK 286/m 2 for the Uppsala region. Approximatelytwo-thirds of the operating costs are for energy, fuel and water. Stockholm hasa considerably higher proportion of laboratories, which are more resourceintensivein this respect.Property administration was between SEK 70/m 2 in the Northern regionand SEK 78/m 2 in the Southern and Western regions. The large variationbetween the regional companies is reflected in maintenance costs due to majormaintenance projects. In Uppsala and the Southern region extensive work wascarried out during the year on, among other things, the mansion at Alnarp, theEducation Building in Ultuna and the English Park building 4 in Uppsala.Akademiska Hus Annual Report 2007 | Regions and Group 47