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The Ansatie 5 property comprises 14,300 sqm and it is located by the Ring Road III.

OP Life divests warehouse property in Vantaa

Finland Finland — OP Life Assurance Company has sold a warehouse property in the Tuupakka area in Vantaa to an unnamed buyer.
TOP 4 Nordic
David Mindus, CEO of Sagax.
Nordic Nordic —
Sagax acquires seven properties
Nordic Nordic —
Areim exec exits the company
Henrik Bastman.
Nordic Nordic —
Following the acquisitions in Finland – Storebrand Real Estate looks at new opportunities
Louise Richnau and Stefan Dahlbo.
Nordic Nordic —
Prominent duo proposed to Cibus' board
Joacim Sjöberg, acting CEO of Castellum.

Castellum yearns for the European bond market

Sweden Sweden — Castellum continues to feel strong, the company announces during its Q3 presentation – not least because despite the CPI indexing of rents, it has not yet given the tenants hiccups. But one thing that has become clear over the past year is that there are different groups of property companies on the bond market – there are winners and losers.
Kojamo CEO Jani Nieminen.

Finnish giant predicts a sharp fall in house prices

Finland Finland — Finnish housing company Kojamo's total revenue landed at 112 million euros in the third quarter, which is an increase of 5.7 percent, while net rental income increased by 6.3 percent to 83.1 million euros compared to the same period last year, when the figure was 78 ,2. "Our business has developed as expected and our results are stable," says the company's CEO, Jani Nieminen.
Marjaana Kivioja.

Marjaana Kivioja appointed as Communications Manager at Sato

Finland Finland — Marjaana Kivioja, MSocSc, EMBA, has been appointed as Sato Communications Manager effective from 2 October 2023. In her role, Marjaana Kivioja is responsible for Sato’s external communications, media relations and financial communications.
Frich's Hotel Hamar will open in the spring of 2024 after refurbishment.

Pandox leases hotel property in Norway to strong local operator

Norway Norway — Pandox and the Norwegian hotel operator Frich's have signed a long-term revenue-based lease agreement with good minimum levels for a hotel property in Ringsaker, Norway.
KOY Oulun Kuvernööri.

Capman buys Oulu office property – to turn into hotel

Finland Finland — CapMan Hotels II fund has signed an agreement to acquire the asset “KOY Oulun Kuvernööri” in Oulu city centre, Finland, with the intention of redeveloping the building, currently used as an office, into part of Lapland Hotels Oulu. As a result of the conversion the hotel capacity will be increased by 95 rooms in order to meet the strong market demand.

Global giant increases significantly in Castellum

Sweden Sweden — Global giant increases Castellum holding by 65,7 percent – rises in the list of owners.
Sthlm 04.

Skanska Commercial Property Development divests Sthlm 04 to internal portfolio

Sweden Sweden — Skanska Commercial Property Development Nordic has divested the office building Sthlm 04 in Stockholm, Sweden, to Skanska Investment Properties for about SEK 830 million (EUR 75.6 million).
Jenni Rantanen.

Jenni Rantanen appointed Sustainability Manager at Sato

Finland Finland — Jenni Rantanen, MBA, has been appointed as Sato Sustainability Manager effective from 2 October 2023. Jenni Rantanen is responsible for the implementation and development of sustainability action in line with the Sato Sustainability Programme.
Stina Lindh Hök.

Nyfosa divests properties in Sweden

Sweden Sweden — In two transactions, Nyfosa has divested seven properties with a leasable area of 46,000 square meters, consisting of warehouses, industry, retail and offices. The properties are located in Falköping, Filipstad, Lidköping and Malmö. The selling price totals SEK 299 million (EUR 27.2 million).
Alexandra Laurén, CEO of Specialfastigheter.

Specialfastigheter's new CEO: Many large requests to expect

Sweden Sweden — Major demand for Specialfastigheter in the hot segment. The newly appointed CEO Alexandra Laurén on how to manage the demand, the challenges, and what's in the company's pipeline.
Daniel Lindén.

Daniel Lindén named CEO of Byggpartner

Sweden Sweden — Byggpartner gets a new CEO in Daniel Lindén, most recently regional manager for Serneke.
It was a tough October for Nordic real estate shares.

Hard times for Nordic real estate stocks in October

Nordic — There were somber tones for the Nordic real estate companies on the stock exchanges in October. Almost all of the shares dipped with a few exceptions. Nordic Property News presents a list of the companies' performance during the tenth month of the year.
SLP.

SLP acquires two properties in Malmö and Helsingborg

Sweden Sweden — SLP has acquired and taken ownership of two fully leased properties, Malmö Flygledaren 6 and Åstorp Hyllinge 36:275, with a total lettable area of 18,500 square meters. The agreed property value amounts to SEK 317 million.
Rita Berg Hansen.

Heimstaden appoints Group Director of Privatisation

Nordic — Heimstaden Bostad announced in the Q3 report a commitment to sell a part of its portfolio unit by unit to private homeowners (privatisation). Rita Berg Hansen has been appointed as the Group Director of Privatisation and will lead this strategic unit from 1 November, driving the expansion of privatisation across our markets.
Johan Damne, Chairman of the Board, and Andreas von Hedenberg, outgoing CEO of CA Fastigheter.

CA Fastigheter's CEO steps down

Sweden Sweden — After 2.5 years with Andreas von Hedenberg at the helm, CA Fastigheter will in the future have to look for a new CEO since von Hedenberg announced that he will leave the company. Andreas von Hedenberg tells Nordic Property News about the decision to leave the company and Johan Damne, chairman of the board of CA Fastigheter, tells what qualities and skills are being looked for in the next CEO.
Bent Oustad, CEO of Norwegian Property.

After the Telegrafen purchase – Norwegian Property ready for new acquisitions

Norway Norway — Norwegian Property keeps building its Oslo CBD portfolio – this time through the acquisition of Telegrafen. CEO Bent Oustad tells Nordic Property News about the acquisition, what kind of new acquisitions Norwegian Property looks for, the growth ambitions in Oslo CBD and shares his view of transaction market at the moment.
Skanska.

Skanska builds residential units in Helsinki

Finland Finland — Skanska has signed a contract with the City of Helsinki to build new apartments in Helsinki, Finland. The contract is worth EUR 31M, about SEK 360M, which will be included in the Nordic order bookings for the fourth quarter of 2023.
Ryhov County Hospital. The buildings in the front of the picture have previously been built by NCC for Region Jönköping, and the brown houses in the background are now to be renovated.

NCC gets renovation assignment for Ryhov hospital in Jönköping

Sweden Sweden — NCC is to modernize the Ryhov County Hospital through extensive refurbishment and renovation as part of its framework agreement with Region Jönköping. The project will be carried out as part of a strategic partnering agreement with an order value of approximately SEK 220 million.
Kojamo CEO Jani Nieminen.

Kojamo has signed a new EUR 425 million term loan

Finland Finland — Kojamo has signed a new EUR 425 million term loan facility agreement linked to its sustainability targets together with five relationship banks.
Niclas Höglund, head of research at JLL.

Here's why the listed property companies will continue to struggle

Sweden Sweden — JLL Sweden's Head of Research Niclas Höglund on the dark month of October for det Swedish listed real estate companies and when we will see a much brighter trend, going forward.
Andreas Morfiadakis, CEO of Klarabo.

Klarabo extends existing loan until 2026

Sweden Sweden — Klarabo has extended an existing loan of SEK 365 million until the autumn 2026. The credit margin in the loan is below Klarabo's current average credit margin and at the same time the company extend its loan maturity to 2.4 years with the new loan.
Rutger Arnhult, CEO of Corem.

Corem's Rutger Arnhult: "The stars have aligned"

Nordic — Corem's CEO Rutger Arnhult answered questions when the company's interim report was presented yesterday. Among other things, he talked about the possible continued sale of the portfolio and about the net operating margin, which has improved compared to the previous year.
"The Stork Nest."

DEAS wins significant development project in Helsinki

Finland Finland — The property ‘Kätilöopisto' or 'Kättäri’ which has been the starting point of life for thousands of Helsinki's citizens, is now getting a new life itself. DEAS Asset Management has won a competition organized by The City of Helsinki to develop the area with ambitious visions.
Bonnier Fastigheter acquires from John Mattson.

John Mattson sells property in central Stockholm

Sweden Sweden — John Mattson has signed an agreement for the sale of the Klassrummet 1 property in central Stockholm. The price is based on an underlying property value of SEK 127.5 million (EUR 11.6 million) before deduction for latent tax. The buyer is Bonnier Fastigheter AB.