Correction: Corem Property Group to Sell New York Land Plot

12:24 AM EST, 01/11/2026 (MT Newswires) -- (Corrects reference to net income effect in second paragraph) Corem Property Group (CORE-A.ST) entered a letter of intent with an undisclosed real estate developer to divest its 417 Park Avenue land plot in New York, US. The Swedish real estate company expects the sale of the property, which spans 33,000 square meters, to generate a negative net income effect of 1 billion kronor, according to a Wednesday release. The transaction is set to conclude in the second quarter of 2026.