Add-on Acquisition • Real Estate

Corem Acquires Servistore AB

On October 30, 2020, Corem acquired real estate company Servistore AB for 19M SEK

Acquisition Context

This is Corem’s 1st transaction in the Real Estate sector.
This is Corem’s 0th largest (disclosed) transaction.
This is Corem’s 1st transaction in Sweden.

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M&A Deal Summary
Date	October 30, 2020
Target	Servistore AB
Sector	Real Estate
Buyer(s)	Corem
Deal Type	Add-on Acquisition
Deal Value	19M SEK

Target Company

Servistore AB

Linköping, Sweden

Servistore AB is an operator in the self-storage industry which offers a digital customer experience, targeting both private individuals and companies. Servistore has nine facilities in Sweden. In total, the company has approximately 20,000 sq.m. of self-storage space in six cities. Servistore was founded in 2006 and is based in Linköping, Sweden.

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Buyer Overview 1

Buyer

Corem

Stockholm, Sweden

Category	Company
Founded	1993
Sector	Real Estate
Employees	280
Revenue	3.7B EUR (2024)

DESCRIPTION

Corem is an operator of a real estate company that offers attractive premises and actively contributes to urban development in growth regions. Corem Property's vision is to create attractive and sustainable environments for future enterprises, individuals, and society. This requires the active construction of city neighborhoods, districts, and business clusters. Corem was founded in 1993 and is based in Stockholm, Sweden.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Real Estate	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Sweden	1 of 1
Year: 2020	1 of 1

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