M2 Asset Management divests to Pensam.

M2 Asset Management sells residential property to Pensam

Denmark Denmark — Rutger Arnhult's M2 Asset Management sells a residential property containing 78 apartments and 15 parking spaces in Copenhagen to Pensam.
TOP 4 Nordic
Ingunn Andersen Randa.
Nordic Nordic —
Obos to allocate more capital into the Swedish market: "It's bubbling with positivity in the big cities"
Nils Styf, CEO of Hemsö.
Nordic Nordic —
“Our assessment is that property values have bottomed out”
Peter Wallin, CEO, and Jon Johnsson, CFO, at Bonava.
Nordic Nordic —
Bonava sees strong Swedish growth – sticks to full-year forecast
Stina Lindh Hök.
Nordic Nordic —
Cibus acquires 23 assets in four countries for 103.9 MEUR
Volvo Cars extends its lease in the Mood Stockholm area.

Volvo Cars extends its lease with AMF Fastigheter

Sweden Sweden — Volvo Cars has been a tenant in the property Oxen Större 21 in the the Mood block in Stockholm since 2019. Now the agreement is being extended.
Johanna Hessius from Newsec predicts that international investors will return in 2024.

Newsec: Residential transactions will accelerate 2024

Sweden Sweden — Transactions within the housing segment have declined significantly during 2023 in Sweden. Despite this, there is a great deal of interest in the real estate sector, not least from foreign investors, says Newsec's head of Swedish advisory operations, Johanna Hessius.
Swiss Life Asset Manager's HQ in Zürich.

Swiss Life Asset Managers acquires Wilfast

Nordic — With the acquisition of Wilfast Förvaltning AB, Swiss Life Asset Managers has strengthened its geographic footprint in the Nordics and further enhanced its position. In the near future, the acquired business will operate under the Swiss Life Asset Managers brand. The Gothenburg location and all its employees will be retained.
Hemsö has been awarded a school project by the City of Helsinki.

Hemsö makes acquisition in Helsinki

Finland Finland — The City of Helsinki has chosen Hemsö in a public procurement for the acquisition and re-development of Vallila Primary School, which will accommodate 350 pupils from grades 1 to 6. The City will sell the existing school building to Hemsö. During the spring, Hemsö and the City will sign a 20-year lease agreement regarding the school’s 3,500 square meters.
Niclas Bergman, CEO of Nivika.

More acquisitions on the horizon for Nivika

Sweden Sweden — Nivika’s CEO Niclas Bergman tells Nordic Property News about what lies ahead for the company in 2024.
Peab builds in Jönköping.

Peab builds apartments and office buildings in Jönköping

Sweden Sweden — Peab has been commissioned to build 191 apartments, offices and a garage in Jönköping. The rental apartment customer is Brandtornet AB and the office building customer is Hamhus AB and the total contract amount is SEK 368 million.
Kristina Alvendal has finished her expert report.

New report on Swedish construction: "Cities today are built by lawyers"

Sweden Sweden — This summer, Kristina Alvendal was commissioned by the Productivity Commission appointed by the government to write an expert report on how today's urban construction works with current laws, regulations, working methods and governance. The report has now been submitted and is ready, and it contains 113 proposals for measures, including a constitutional amendment and several other legislative amendments as well as proposals for faster processes linked to urban planning. Kristina Alvendal talks to Nordic Property News in more detail about her conclusions and proposals.
Kokkola Sports Park.

Alliance construction work starts on Kokkola Sports Park

Finland Finland — YIT, as part of an alliance, has signed a contract for the development stage of Kokkola Sports Park. The alliance main contractor is YIT, and the main design is by UKI Arkkitehdit Oy, architectural design by Arkkitehtitoimisto Jääskeläinen Oy, structural design by Ramboll Finland Oy and building system design by Granlund Oy. The client of the alliance is Kokkolan Urheilupuisto Oy.
Stockholm.

The highest valued properties in Sweden

Sweden Sweden — Nordic Property News lists the top ten highest valued properties in Sweden.
Blackrock buys from Infrahubs.

Infrahubs sells 31,500 sqm logistics property to Blackrock

Sweden Sweden — Infrahubs has signed an agreement to sell a new large logistics property in Vaggeryd municipality to Blackrock.
The property Posten 1 in Helsingborg.

Wihlborgs signs new lease in Helsingborg

Sweden Sweden — In the fall autumn of 2024, AWAKE Djursjukhus (a veterinary hospital) will open in the former post sorting centre (Posten 1) in Gåsebäck in southern Helsingborg. The high demand for qualified veterinary care is the reason for the expansion. The lease is for 2,000 square metres and extends for 15 years.
Arctic Securities' analyst Michael Johansson and Handelsbanken's analyst Johan Edberg comment on the situation in the sector ahead of the reporting period.

Report season just around the corner – the analyst duo's best insights

Nordic — Tomorrow starts a new reporting period for the property companies as Nivika and Jernhusen are the first to release their Q4 reports. Ahead of the flood of reports, Nordic Property News spoke with Arctic Securities analyst Michal Johansson and Handelsbanken's analyst Johan Edberg about what they expect from the companies' reports and what will happen to the property values.
Anders Danielsson and Magnus Persson.

Weak office market in the US weighs on Skanska: "Difficult rental market"

Sweden Sweden — The American portfolio is Skanska's weakest market at the moment and drives the large write-downs in value announced by the company. CEO Anders Danielsson and CFO Magnus Persson expand on the difficulties in valuing the stock and the major challenges in the US that slow down Skanska's development in the US market.
Skanska.

Skanska builds power projects in Vestland County

Norway Norway — Skanska has signed a contract with Aker BP for the construction of a transformer station and a compensation station in Vestland County, Norway. The contract is worth NOK 1.9 billion (EUR 164 million) which will be included in the Nordic order bookings for the first quarter 2024.
Carl Janglin, CEO of Oscar Properties.

Bankruptcy application against Oscar Properties withdrawn

Sweden Sweden — Oscar Properties and Brf Innovationen have reached an agreement which means that Brf Innovationen has now withdrawn its bankruptcy application against Oscar Properties.
Lars Rohde.

Alecta proposes Lars Rohde as new chairman of the board – criticizes the Heimstaden deal

Sweden Sweden — Alecta proposes that Lars Rohde be appointed as the new chairman of the board. He is now proposed to be elected as new chairman of the board at an extra board meeting on February 6.
Terje Johansson, CEO of Framtiden Group in a picture montage against the background of the illustration of the future Karlstaden.

Framtiden's CEO on the major acquisition in Karlastaden: "Careful agreement"

Sweden Sweden — On Monday, a dialogue lasting several months between public municipally owned AB Framtiden and Doxa, Balder and Serneke resulted in an agreement on a transaction in Karlastaden in Gothenburg. The deal is in the SEK 1 billion range (approximately EUR 86 million) and for Framtiden it means the opportunity to build between 300 and 400 homes. CEO Terje Johansson reveals more about their reasoning behind seeking out the troika in Karlastaden. He also comments on the turmoil in the municipally owned company Poseidon at the beginning of the year.

Atrium Ljungberg starts new residential blocks in Stockholm Wood City

Sweden Sweden — Atrium Ljungberg has decided on the start of construction for the next residential block in Nobelberget, Sickla. This will be the fourth block of a total of eight, and it is the first that will be constructed in wood.
Sentralbadet.

Veidekke to transform central baths in Bergen

Norway Norway — Bergen municipality has commissioned Veidekke to transform the old central baths in the city centre into a performing arts centre. The contract is a collaborative construction project valued at NOK 330 million excluding VAT with additional options.
Move office property.

Trevian attracts office tenants to "challenging" area

Finland Finland — The Move office property in Helsinki has completed a comprehensive space renovation, strengthened its services, and attracted companies to the challenging Pitäjänmäki office area.
James Robson.

Hines enters Sweden: "Committed to growing our presence"

Sweden Sweden — Hines enters the Swedish market through an acquisition in Jönköping. James Robson, Country Head – Nordics at Hines, tells Nordic Property News about the inaugural acquisition, the plans for Swedish expansion, what locations and segments they look for new investments in.
Ola Serneke, founder of Serneke.

Ola Serneke's unexpected new dream project: "Really big"

Sweden Sweden — Heart and brain, these are two qualities that have been driving forces for Ola Serneke in the big investment he made in growing Serneke into the company it is today. Now that it is getting close to the year after the Doxa deal, he talks about what plans and dreams he has going forward.
Cecilia Fasth, CEO of Stena Fastigheter.

"We don't want to buy anything until prices are adjusted to the right level – don't think we're there yet"

Sweden Sweden — After a 2023 with a pending transaction market, Stena Fastigheter's CEO Cecilia Fasth hopes for more within a certain segment in 2024 – but does not see the market as ripe for that yet.
Hines acquires from Nobia.

Hines makes logistics acquisition in Jönköping

Sweden Sweden — Nobia enters into an agreement with Hines regarding sale and leaseback of factory property in Jönköping.