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Peab builds rental apartments in Malmö.

MKB and Peab build rental apartments in Malmö

Sweden Sweden — Peab has been commissioned to build rental apartments in Malmö. The customer is MKB Fastighets AB and the contract is worth SEK 408 million.
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
Sven-Olof Johansson, CEO of Fastpartner.

Sven-Olof Johansson: "A first interest rate cut from the Fed will come in Q1 2024 at the latest"

Sweden Sweden — Fastpartner's CEO, Sven-Olof Johansson, believes that the economic situation in the USA will soon have an effect in Sweden. “The next interest rate change will be a reduction, which will immediately have a positive effect on our results,” he says.
Jakob Fyrberg, CEO of Emilshus.

Emilshus turns its eyes to Östergötland and Halland

Sweden Sweden — Emilshus’ financial report for the third quarter of 2023 shows, among other things, a high dividend yield, strong cash flows and a high occupancy rate. “Emilshus is a stable property company, partly because we have long leases and stable property values ​​of seven billion,” says CEO Jakob Fyrberg.
Stefan Dahlbo, CEO of Fabege.

Dahlbo: Next indexation will probably be tougher for some tenants

Sweden Sweden — Fabege delivered a stable Q3 when the results were revealed on Thursday, but the net rental was negative and the value of the properties continues to be written down, this time by almost SEK 1.6 billion. CEO Stefan Dahlbo expects the indexed rent increase for 2024 to land around six percent, and he believes that this increase may be tougher for more tenants to cope with compared to the one for 2023.
Signe in Helsinki.

Blackstone's Sponda signs lease with PWC

Finland Finland — PWC signs lease at Sponda's project Signe ahead of work commencing.
Tom Ekman.

Tom Ekman leaves YIT

Finland Finland — Tom Ekman, EVP, Business Premises segment, has left YIT and will pursue his career outside of the company. He left YIT on 18 October 2023.
Peab rebuilds hospital in Värnamo, Sweden.

Peab rebuilds hospital in Jönköping County

Sweden Sweden — Peab has been commissioned to rebuild and add on to Värnamo Hospital. The customer is Regionsfastigheter in Jönköping County and the contract is worth SEK 214 million.
The asset in Täby.

CBRE IM acquires residential asset from Aros

Sweden Sweden — CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a residential asset in Täby, Greater Stockholm, Sweden, from local developer, Aros Bostadsutveckling.
Byggvesta acting CEO Catarina Fritz comments the latest divestments.

Despite slow transaction climate – Byggvesta believes in good returns

Sweden Sweden — During 2023, Byggvesta has made three divestments – two in central Gothenburg and one in near Stockholm. According to acting CEO Catarina Fritz, they are now done with the divestments that were needed to continue developing Byggvesta's operations.
CEO Sonja Horn and CFO Anders Olstad.

Entra struggling on the stock market – cancels dividend for H1

Norway Norway — Norway's largest real estate company Entra is owned by almost three quarters of Balder and Castellum, an investment that has dropped in value since they started investing in the company almost three years ago. The share is now down to levels for which it was last traded in January 2017. Wednesday's Q3 report did not have any significant impact in any direction, but the company's CEO Sonja Horn emphasizes that the company still focuses on strengthening the balance sheet and continues with its divestment program, but they will not sell properties at any discounts.
Bonava.

Bonava takes new step towards divestment of St. Petersburg operations

Sweden Sweden — Bonava has signed an agreement for the divestment of its St. Petersburg operations with the Armenian company Star Development LLC. The transaction amounts to approximately EUR 50 M and Bonava has received the payment. The buyer has received acquisition permit from the special committee established to oversee business transfers. Closing of the divestment is subject to the approval of the Russian competition authority, which is expected in the fourth quarter of 2023.
Michael Moschewitz, CEO of Genova Property Group.

Genova completes divestment of hotel properties in Palma de Mallorca

Sweden Sweden — As previously announced, Genova has divested two fully leased hotel properties in Palma de Mallorca in Spain for approximately EUR 35 million. The properties were ceded to the buyer on Wednesday.
Jesper Hansson.

The analyst predicts: it will get better – but first it will get even worse

Sweden Sweden — The interest rate highs stand like sports holiday youngsters in a lift queue and the unrest in our world affects the economic reality. But how have the changed rules of the game actually affected the Swedish housing market? Jesper Hansson is a macro analyst at Swedbank and he tells us that the real economy is slowing down more in Sweden than in the rest of the world. “It will get worse before it gets better, so says our forecast.”
YIT builds for Technopolis.

YIT to build a research building for Technopolis

Finland Finland — YIT and Technopolis have agreed on the construction of a new research building in Otaniemi, Espoo, and the building will be occupied by VTT Technical Research Centre of Finland Ltd.
Asset Invest Denmark has acquired a mixed use value-add property in central Copenhagen.

Asset Invest Denmark snaps up trophy property in Copenhagen

Denmark Denmark — Asset Invest Denmark has acquired a mixed use value-add property in central Copenhagen.
MIPIM's Managing Director Nicolas Kozubek.

Mipim MD: “We need to learn from the Nordics and others need to mature”

Nordic — Mipim's Managing Director Nicolas Kozubek is on his way to Oslo and Stockholm, where he will meet the industry under the topic of sustainability. It is in part a response to that ESG have gone from a theme at the real estate fair in Cannes, to become a part of its DNA.
Lansa Fastigheter acquires from Byggvesta in the Gotenburg area Guldheden.

Lansa Fastigheter makes Gothenburg acquisition

Sweden Sweden — Lansa Fastigheter expands its property portfolio in Gothenburg by acquiring a property with 86 homes in Guldheden in Gothenburg. The seller is Byggvesta and this will be the second deal the two parties carry out during the year.
AB Invest wants to build a 100-meter high hotel made entirely of wood in central Karlstad, Sweden.

Norwegian hotel billionaire has another high rise wooden tower in sight

Sweden Sweden — 100 meters tall with 240 hotel rooms and built entirely of wood – this is what the plans look like for AB Invest's next impressive wooden tower on Swedish soil. After the high-flying plans in Kista, the Norwegian hotel builder now also wants to establish a wooden tower in the western parts of Sweden, designed by Wingårdhs. Nordic Property News reveals more with illustrations of the intended landmark.
Alex Korf Jacobsson and Peter Frische.

Areim continues its growth in Denmark

Denmark Denmark — Areim continues its growth in Denmark and has recruited Alex Korf Jacobsson as Asset Manager. Alex Korf Jacobsson joined the team in October and will focus on the management and development of Areim's existing assets, as well as supporting the development of the business in Denmark.
Anders Olstad.

Entra's CFO Anders Olstad resigns

Norway Norway — CFO Anders Olstad has today informed that he will resign from his position with effect from May 1, 2024. Olstad joined Entra in October 2015 as CFO, and he has had an instrumental role in Entra’s management team and development since then.
GreenHub Bro.

Cushman & Wakefield receives a large leasing assignment for Stendörren

Sweden Sweden — Stendörren Fastigheter engages Cushman & Wakefield as exclusive advisor in the leasing work of the property Nygård 2:14 located in GreenHub Bro.
Philip Kouvatsis starts Delta Real Estate Consulting. The image is a montage.

New advisory company launched in Sweden

Sweden Sweden — In the spring, Philip Kouvatsis left Colliers to embark on a new venture. Now he is back with his own company Delta Real Estate Consulting. He tells Nordic Property News about the company, what type of business he wants to engage in, which markets he sees himself operating in, the company's future plans and what it's like to do business in the current transaction climate.
Blackstone acquires from AKF.

AKF divests a portfolio of ten industrial properties in Copenhagen to Blackstone

Denmark Denmark — AKF has signed an agreement to sell a prominent portfolio of ten Greater Copenhagen industrial properties totalling more than 83,300 square meters to entities owned by Blackstone-managed funds.
Biljana Pehrsson, CEO of Nordr in Sweden.

Biljana Pehrsson: "It's the team"

Nordic — After many years as CEO on the commercial side, Biljana Pehrsson somewhat unexpectedly took over the CEO position at Nordr in Sweden. Why did she choose to go that way? What lessons and experiences from the years at Kungsleden can she take with her into her relatively new assignment? From the stage at Fastighetssverige's event Stora bostadsdagen, Biljana Pehrsson talked about the first time at Nordr and what she still has to learn in the housing segment.
Ilkka Niska's new company INREA will have the Helsinki Metropolitan Area as its most important location.

Left CBRE – returns with a new company

Finland Finland — Six months after he left CBRE, Ilkka Niska returns to the industry. This time with his own company INREA. He tells Nordic Property News about the new advisory company, the focus of the new company, what clients INREA will work with, what he brings with him from his time at CBRE and what he learned during his break from the industry.