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Erik Selin, CEO of Balder.

The heavyweights' different views on Entra holdings – Balder sees no need for a write-down

Nordic — Entra's two largest owners, Castellum and Balder, both submitted their Q3 reports on Friday, and there it appeared that they have different views on their holdings in the Norwegian real estate company. Castellum has chosen to make a write-down of close to SEK 0.5 billion, while Balder has chosen to leave the value unchanged. Balder’s CEO Erik Selin comments on Balder's view of the Entra holding and shares his view of the bond market.
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

Norwegian Property buys Telegrafen in Oslo

Norway Norway — As of 27 October, Norwegian Property (NPRO) has entered into an agreement to purchase 94.1 percent of the shares in Telegrafen Invest AS. The company is 100 percent owner of the property 'Telegrafen' at Kongens gate 21 in Oslo. The agreement has been concluded between NPRO Holding AS and the owners of Telegrafen Invest AS.
Johan Skoglund, CEO of JM.

JM has never seen such low margins

Nordic — JM has already seen a tough start to the year where the number of homes sold has more than halved, and as a result they had to give the staff a notice. If they don't increase sales during this last quarter, more notice may be required, says the CEO. Despite that, they believe in coming transactions and construction starts in the near future.
Kestutis Sasnauskas, CEO of Eastnine.

Eastnine ready to go against the grain: 'Exciting times ahead'

Nordic — Eastnine has a very stable financial position following the sale of the holding in Russian Melon Fashion Group and the redemption of Eastnine's only bond at the beginning of October. CEO Kestutis Sasnauskas summarizes a historic quarter for the company, which now aims to do the opposite of most other real estate companies and actually go on the offensive in the market. Here he explains more about how it could be done.
David Mindus, CEO of Sagax.

Sagax makes major portfolio investment in France

Sweden Sweden — Sagax has entered into an agreement with a world leader in construction and maintenance of transport infrastructures regarding a sale- and leaseback transaction concerning 47 properties in France.
Logicenters develops new property and signs lease with Royal Unibrew.

Logicenters develops new property in Horsens

Denmark Denmark — Logicenters invests heavily in Horsens – develops 41,500 sqm and signs agreement with Royal Unibrew.
Charlotta Wallman Hörlin and Henrik Lindekrantz.

Charlotta Wallman Hörlin is appointed new CEO of Intea

Sweden Sweden — Intea Fastigheter has appointed Charlotta Wallman Hörlin as the new CEO, effective January 1, 2024. She replaces Henrik Lindekrantz, who will continue in the role of strategic advisor to the company.
Entra.

Entra extends lease contract in Oslo

Norway Norway — Entra has renewed a lease contract for 5,500 sqm in Schweigaardsgate 6-14 (Galleri Oslo) with Galleri Akershus AS.
Anne Breen, head of real estate at Abrdn.

Exclusive with the global investor – these are Abrdn's aims for the Nordics

Nordic — In the spring the global investment company Abrdn appointed long time employee Anne Breen as its new head of real estate. In an exclusive interview with Nordic Property News she reveals what the transactions strategy looks like under her helm, how they view real estate in the Nordics and what opportunities they see in a market that has plenty of sellers.
Blackstone.

Blackstone acquires logistics portfolio from Corem

Sweden Sweden — Corem Property Group has signed an agreement to divest a portfolio of 24 properties. The buyer is an entity owned by Blackstone-managed funds.
Martin Kron joins Vasakronan in the spring of 2024.

Vasakronan appoints new Head of Investments and Projects: "Sweden's leading real estate company"

Sweden Sweden — Vasakronan is strengthening its management team with Martin Kron, who in the spring of 2024 will step up as Head of Investments and Projects. Martin Kron tells Nordic Property News about leaving Skanska after 15 years, how he views Vasakronan and the role he will get there, about lessons the Swedish real estate industry can learn from the Finnish one and about the last time at Skanska.
Sanna Marin.

Sanna Marin gives the opening speech at Mipim 2024

Finland Finland — Mipim announces that Finland's former Prime Minister Sanna Marin will give the opening speech at the beginning of the four-day real estate fair, which will be held March 11-15, 2024.
Nordic Property News has taken a closer look at who owns most of the capital in the listed nordic real estate companies.

The largest owners in the Nordic listed companies

Nordic — Since the summer there have been some movements in the ownership list of the listed Nordic real estate companies. Nordic Property News has taken a closer look at who owns most of the capital in the companies.
Christopher Elgaard Jensen.

CBRE Capital Markets strengthens Danish team

Denmark Denmark — CBRE Capital Markets announces its latest addition to the Danish team as of 1 November. Christopher Elgaard Jensen, a recognized expert in real estate investment, has joined CBRE with the aim of strengthening the company's position in the market.
Christian Fladeland, Deputy CEO of Heimstaden.

Heimstaden's massive divestment plan

Nordic — In a new major plan, Heimstaden Bostad will turn its focus to the privatization of housing in five markets. The goal is to establish the BBB rating and pay off debts. When Christian Fladeland, Deputy CEO made his first presentation at the third quarterly report, the privatization was the big question and how this sale will affect the company.
Fiskeby retirement home.

Peab gets assignment in Norrköping

Sweden Sweden — Peab has been commissioned to build a new senior living facility in Norrköping. The customer is Norrköping Municipality and the contract is worth SEK 210 million.
JM gets residential assignment from Icecapital.

JM and Icecapital sign deal for residential development in Espoo

Finland Finland — JM Suomi and Icecapital Housing Fund VI Ky have signed an agreement on the development of a residential property in the Finnoo area in Espoo.
The property to be build.

Stendörren builds a 9,500 sqm logistics facility in Enköping

Sweden Sweden — Stendörren Fastigheter AB has signed a 10-year lease agreement with Advania Sverige AB regarding a logistics facility of 9,500 sqm on the property Stenvreten 8:37 in Enköping. The facility will be fully let through the lease agreement with Advania Sverige AB.
Founder Omid Noghabai.

New player sees possible transactions opening up with indebt companies

Sweden Sweden — With several real estate companies struggling with debt situations, new transactions could open up for smaller entrepreneurial companies like Liljebo. Founder Omid Noghabai tells Nordic Property News about the plans for Liljebo.
John Fredriksen makes new investments in Fabege.

John Fredriksen increases Fabege ownership

Nordic — John Fredriksen makes new investments in Fabege – passes threshold.
David Mindus, CEO of Sagax.

Sagax acquires properties in Spain and France

Sweden Sweden — Sagax has through 4 separate transactions acquired 10 properties for the equivalent of SEK 425 million.
Michiel Vrijman.

Heimstaden Bostad to divest 20 percent of Dutch portfolio

Nordic — Move part of wider plan to boost liquidity and defend rating, Bloomberg reports.
Nordic Property News has taken a look at the companies' market capitalization to see how much they are now worth.

The largest real estate companies on the Nordic stock exchanges

Nordic — Property stocks continue to struggle on the stock market and with report season having begun Nordic Property News has taken a look at the companies' market capitalization to see how much they are now worth.
Rutger Arnhult, CEO of Corem.

Corem signs LOIs for EUR 1 billion divestments

Nordic — Corem has signed letters of intent to divest properties at an agreed total property value of approximately SEK 12 billion (EUR 1.03 billion).
Wihlborgs.

Wihlborgs to construct building for Malmö University

Sweden Sweden — Wihlborgs has won the assignment from Malmö University to, in consultation with the university and the City of Malmö, design and construct buildings at the Malmö Amphitrite 1 property, to be leased in the future by the university.