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Stena Fastigheter acquires two properties in the Gothenburg area Stampen.

Stena Fastigheter acquires in Gothenburg

Sweden Sweden — Stena Fastigheter is growing in Gothenburg through the acquisition of two properties on Friggagatan and Ranängsgatan in the Stampen district. The properties consist of 30 residential apartments and commercial space at street level. The acquisition is part of the company's focus on sustainable and long-term urban development.
TOP 4 Nordic
Peter Wallin, CEO, and Jon Johnsson, CFO, at Bonava.
Nordic Nordic —
“We are really pleased with Bonava's regional exposure”
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
NCC builds for ICV.

NCC to construct swim center in Danish town of Vrå

Denmark Denmark — NCC has been commissioned by Idrætscenter Vendsyssel (ICV) to construct a swim center in North Jutland, Denmark.
Christina Kämpe, Julia Bergqvist, Frida Tosterud Grov, Marie Meyer and Lovisa Andersson.

Colliers Nordics appoints five new partners

Nordic — Colliers announces the promotion of Frida Tosterud Grov, Julia Bergqvist, Christina Kämpe, Marie Meyer, and Lovisa Andersson into the Colliers partnership, effective as of September 28th 2023.
This is how the listed nordic real estate companies performed on the stock market during September.

Another tough month on the stock market – but SBB recovered strongly

Nordic — The majority of listed Nordic real estate companies continued to retreat on the stock market during September, but pressured SBB made a strong turnaround at the end and was one of the companies that increased the most during the month. Here Nordic Property News presents a list of the companies' performance during the ninth month of the year.
Christian Brewaeys, Matilda Vinje, Henrik Landelius, Christina Hambäck and Rickard Langerfors.

Nordic top recruitments in Q3

Nordic — Several prestigious positions on the Nordic real estate market has gotten filled during the third quarter. Nordic Property News takes a closer look at the hottest Nordic recruitments in Q3.
Jonas Grandér and Liv Malvik.

Nordika becomes major shareholder in Norwegian KMC Properties

Norway Norway — KMC Properties has agreed with Nordika for an equity injection, enabling further growth and financing of the acquisition of seven new properties. Nordika will invest NOK 275 million (EUR 24.4 million) at a price of NOK 5.5 (EUR 0.49) per share, representing 12.7 percent of the shares outstanding in KMC. Nordika will, after the issuance, be the third largest owner of KMC.
Michael Moschewitz, CEO of Genova Property Group.

Genova leases 5,000 sqm to Altris

Sweden Sweden — Genova has signed a 15-year lease in the property Söderhällby 1:9 in Uppsala for approximately 5,000 square meters with an annual rental value of approximately SEK 9 million (EUR 783,000). The lease is signed with Altris.
Odevo's CEO, Daniel Larsson.

Odevo's CEO: "Not impossible that we will start looking at new markets soon"

Nordic — In connection to the British property group Vegner and the two Finnish property managers ISTO and M3 Isännöinti joining the Ovedo group, Nordic Property News spoke with the rapidly growing company's CEO, Daniel Larsson, who does not rule out further expansion.
JM sells in Bromma.

JM sells investment properties in Stockholm

Sweden Sweden — JM has signed an agreement for the sale of investment properties located at Brommaplan in Bromma, Stockholm. The transaction amounts to SEK 283 million (approximately EUR 24.3 million).
Peab builds in Lempäälä.

Peab builds extension to school in Lempäälä

Finland Finland — Peab has been commissioned to build an extension to an elementary school in Lempäälä. The customer is Lempäälä Municipality and the contract is worth EUR 15 million.
Mikael Söderlundh, head of research at Colliers.

"I think there will be bigger write-downs of the values"

Nordic — In the short term, Colliers' Head of Research Mikael Söderlundh still sees major challenges for the real estate sector in Sweden, and also in the Nordic region as a whole. He believes that there is a large backlog in property value write-downs and that there is much more to come, while there are long-term signals that are strong.
Genesta acquires in Denmark.

Genesta makes logistics acquisition in Denmark

Denmark Denmark — Genesta expands its logistics portfolio and buys a 20,600 square meter logistics property under construction in Solrød, 25 minutes south of Copenhagen. It is an off-market deal with Logistic Contractor A/S, which is part of the Wästbygg Gruppen. It is Genesta's sixth logistics acquisition in two years.
Jukka Rantanen, vd för Sb-Hem.

"The Finnish housing market needs urgent support measures"

Finland Finland — Inflation and rising interest rates have led to a precarious situation in the Finnish housing market, a situation that has lasted exceptionally long. The main drivers of the housing trade, i.e. interest rates, consumer confidence and employment, are not expected to change for the better in the near future. The industry therefore needs effective and rapid support measures to recover. This is the opinion of Jukka Rantanen, CEO of Finnish Sb-Hem, who proposes that the interest deduction for mortgages be reintroduced and that the transfer tax be abolished.
On the left is Dan Sandstedt, Head of Capital Markets at Newsec, in the middle Carolina Herling, Head of Investment at Savills and on the right Daniel Anderbring, Head of Capital Markets Sweden at JLL.

Advisory trio on the new transaction market: "Challenging to close ongoing deals"

Sweden Sweden — Today Nordic Property News concludes the survey where some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. Today the turn has come to a trio of advisers consisting of Newsec, JLL and Savills.
Helsinki.

Hemsö develops new school in city centre of Helsinki

Finland Finland — Hemsö has been awarded a lease agreement by the City of Helsinki in a public procurement. The city will rent premises for two upper-secondary schools for the arts in Helsinki. An extensive redevelopment will be carried out on the property at Siltavuorenpenger, which Hemsö acquired in 2021. The lease agreement has a 15-year term, and the lettable area is 5,000 square metres.
Thomas Holm, CEO, and Svenska Handelsfastigheter's Härlöv.

Svenska Handelsfastigheter writes down property value by 6.4 percent

Sweden Sweden — Svenska Handelsfastigheter writes down property values by SEK 1.0 billion (approximately EUR 91.1 million), corresponding to approximately 6.4 percent of the total property value, during the third quarter. After the write-down, the total property value amounts to SEK 14.8 billion (approximately EUR 1.35 billion). This is clear after the company had the entire property portfolio externally valued by two independent valuation firms as of September 30, 2023.
Anette Frumerie, Anna Ervast Öberg and Biljana Pehrsson.

Nordr acquires Folkhem from Rikshem

Sweden Sweden — Nordr is taking a big step towards becoming a leader also in the sustainable development of wooden apartment buildings by acquiring all the shares in Folkhem. The ambition is to increase Folkhem's presence in Nordr's main markets in Sweden and Norway – Stockholm, Gothenburg, Malmö, Oslo, Trondheim, Stavanger and Bergen.
Alex Mabäcker.

Team leaves SBB-owned company – forms the new company Samfori

Sweden Sweden — The team behind Odalen Fastigheter, which was acquired by SBB in 2022, has left the company for a new venture under the new name Samfori. CEO Alex Mabäcker tells Nordic Property News about the decision to leave SBB, the new company and investments to be made with Samfori, as well as gives his view on the problems in the political conversation connected to elderly issues.
SBB.

SBB sells to Lovisenberg for EUR 245M

Norway Norway — SBB has sold two properties to the tenant Stiftelsen Diakonissehuset Lovisenberg for NOK 2,815 million (EUR 245 million). The properties being sold are the hospital on Ragnar Ströms Veg 10 in Ullensaker of which SBB owns 100 percent and an adjoining development plot of which SBB today owns 65 percent, co-owning with a local developer.
On the left is David Almqvist, co-head of transactions at Croisette, and on the right is Colliers Sweden CEO Joakim Arvius.

The advisors' new transaction reality: "A higher proportion of deals than normal fail"

Sweden Sweden — Nordic Property News continues the survey where some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. Now the turn has come to Colliers and Croisette.
Victor Persson, CEO of Doxa and Serneke Group.

Doxa to lay off 25 Serneke employees

Sweden Sweden — The forms for Doxa's planned division of Serneke into two separate companies, one for contracting and one for property development, have now been decided, the company announces. With this, Serneke Group AB's group functions cease, which affects a total of approximately 75 employees, of which approximately 25 positions will disappear through notice of termination due to a lack of work, the company writes in a press release.
Rutger Arnhult, CEO of Corem.

Corem divests three properties in Sigtuna

Sweden Sweden — Corem has signed an agreement for the sale of three properties in Sigtuna at an underlying property value of SEK 115 million, which is in line with book value.
Patrik Kallenvret, Head of Capital Markets in the Nordics at CBRE and Jacob Bruzelius, Head of Catella Corporate Finance, talk about how their respective companies has experienced the transaction market so far in 2023.

The advisors' new transaction reality: "Today a SEK 1 billion deal is considered substantial"

Nordic — Nordic Property News today begins a series of articles in which some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. First up in the survey are CBRE and Catella.
Louise Schaldemose.

Louise Schaldemose appointed Director of Group Letting at Heimstaden

Nordic — Louise Schaldemose will take on her new role on 1 October and will support an experienced team of local Heads of Letting across all Heimstaden’s locations.
NCC to build offices in Danish city of Middelfart.

NCC to create office building in Middelfart

Denmark Denmark — NCC has been commissioned by the investment company Selfinvest to construct a 12,400-square-meter office building in the city of Middelfart in Funen.