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Transval builds in Järvenpää.

Transval develops in Järvenpää

Finland Finland — Construction work on the 18-hectare plot in Järvenpää will start in September 2023 with the groundworks for the first part of the warehouse. The first part will be around 35 000 square meters in size and is expected to be ready for use in spring 2025.
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
Svenska Handelsfastigheter acquires in Hudviksvall.

Svenska Handelsfastigheter acquires property in Hudiksvall

Sweden Sweden — Svenska Handelsfastigheter acquires a property for food trade in Hudiksvall from Västra Hamnen Utveckling. The property of just under 2,800 square meters is located in eastern Hudiksvall and has Ica as the main tenant.
Christian Fladeland, named Deputy CEO of Heimstaden.

Christian Fladeland appointed Deputy CEO of Heimstaden

Nordic — Heimstaden’s Chief Investment Officer, Christian Fladeland, will also serve as Deputy CEO, effective immediately.
Annika Winsth, chief economist at Nordea.

Top economist: "The interest rate will not be lowered until September 2024"

Sweden Sweden — Nordea's Chief Economist Annika Winsth participated in JLL's latest Nordic Outlook held last week. She was clear that she does not want to see any more interest rate increases from the Swedish Riksbank, but that she sees an obvious risk that there will be an increase not only in September but also in November. She also comments on the problems in the Swedish real estate market, where she seeks nuance and an understanding of why the market has such a bad reputation internationally.
Johan Bråkenhielm in front of the office buildings Voimatalo and Sampotalo that Schroders recently divested. The image is a montage.

Schroders' plans for the Finnish market

Finland Finland — Schroders makes changes to its Finnish portfolio through divestments of two large office buildings. Johan Bråkenhielm, Head of Nordics Real Estate, Schroders. tells Nordic Property News about the divestments, the possibility of more transactions, Schroders plans for the Finnish market and shares his view of the current market situation in Finland.
Niclas Bergman, CEO of Nivika.

Nivika sells in Gislaved

Sweden Sweden — The property is located on the Henja Industrial Area and has a total lettable area of 3,000 sqm. The property is sold to Bygga GWG AB, which previously owns the neighboring property.

Kesko and SSA builds in Vantaa

Finland Finland — Kesko and the building company SSA Rakennus Oy are set to build a new K-Citymarket hypermarket store in Kivistö, Vantaa. This will be Kesko’s fifth hypermarket in Vantaa, which is the fourth biggest city in Finland and part of the Helsinki metropolitan area. The premises will host the K-Citymarket and some 20 other commercial facilities, as well as integrated housing built by SSA Rakennus.
Niclas Höglund, head of research at JLL.

Real estate stocks almost halved in value since the peak

Nordic — The listed real estate companies have lost 49 percent of their value from the peak in November 2021, but at the same time have risen 20 percent since October last year. JLL's head of analysis Niclas Höglund gives his view of the real estate market and why he had hoped for slightly better performance as an indicator of the direction of the direct market going forward.
Christina Kämpe, Colliers.

"Almost no new areas in the pipeline"

Sweden Sweden — There is a shortage of warehouse and logistics building land in Gothenburg and the detailed plans are lagging behind. The solution may be to demolish older buildings of the same type with already existing detailed plans. Christina Kämpe, Regional Manager at Colliers in Gothenburg, predicts a golden future for the Brownfield conversion.
NCC builds in Rovaniemi.

NCC is building a school and sports hall in Rovaniemi

Finland Finland — NCC has signed a partnership agreement with the city of Rovaniemi in Finland to build a new school building in the Nivavaara district. The assignment also includes building a new sports hall and upgrading the outdoor environment and the adjacent sports field.
Patrik Emanuelsson.

Heba adapts the financial goals

Sweden Sweden — Heba Fastighets AB has reviewed the company's long-term financial goals and adapted them to the near term, in the years 2023-2025. This is to be clear to the market in times characterized by interest rate increases as well as the company's new conditions through the sale of properties earlier this year.
Skanska.

Skanska secures contract amendment for US facility

Sweden Sweden — Skanska has signed a contract amendment with an existing client for an arts and entertainment facility in the western USA.
Christian Brewaeys.

"We see a lot more movement in the retail industry"

Nordic — Steen & Strøm has appointed Christian Brewaeys as new CEO. He tells Nordic Property News about his new position, how he views the company’s Nordic position, whether acquisitions or divestments could be on the table and about his view of the development of the Nordic retail markets.
Malmö Arena.

They could join Doxa – the arenas proposed to be dedicated for Eurovision

Sweden Sweden — Malmö Arena will host the heats and the final of next year's Eurovision Song Contest held in Malmö. But more premises are needed for such a huge event to be carried out, and the city office will therefore be tasked with negotiating venue agreements for the two other main arenas for the event. Nordic Property News gives you more details about the proposed arenas and the property owners.
Caroline Bertlin leaves the CEO position at Nordisk Renting. The image is a montage.

Caroline Bertlin steps down as CEO of Nordisk Renting

Nordic — Nordisk Renting announces that Caroline Bertlin has decided to leave her role as CEO. Caroline Bertlin will remain as CEO until the turn of the year and continue to support the business operationally during the first quarter of 2024. She will then continue to be a member of the board of the company and in this way the best possible transition is ensured. A process has been initiated to appoint a new CEO.
Aarhus.

DAFA Group sells its head office in Aarhus

Denmark Denmark — In a sale-leaseback transaction, the Danish industrial company DAFA Group has sold its head office in Brabrand near Aarhus, which consists of approx. 16,000 sqm production, office and warehouse.
Sveavägen 32–36.

Europa rents entire building to Ioffice

Sweden Sweden — Europa has agreed a new 10-year lease with serviced office provider, Ioffice, for the entirety of the 5,720 sq m of newly refurbished office space at 32-36 Sveavägen in Stockholm.
Simple illustration of the site where Obos will build his landmark building Stadsljus, what was formerly known as Gasklockan.

Obos' landmark takes on new momentum this autumn

Sweden Sweden — It is almost a year ago that Obos chose not to proceed with any of the architectural proposals they had received for the major project Stadsljus, formerly Gasklockan, in Norra Djurgårdsstaden. For Nordic Property News, Anna Grinneby, project development manager at Obos, talks about how the company continues to work on the extensive project and what lies ahead later this autumn.
Peter Wallin, CEO Bonava.

Bonava's Peter Wallin calm despite German market turmoil

Sweden Sweden — Bonava sells apartment stock and builds new ones in the Cologne area. This at the same time as the cancellations in housing construction increase to a new peak level and the uncertainty in the market is enormous, according to experts. But Bonava's CEO, Peter Wallin, still believes in Germany: "It is a large and multifaceted market that we know well."
Martin Bjöörn.

Martin Bjöörn appointed Portfolio Manager for retail strategy at Niam

Sweden Sweden — Martin Bjöörn has joined Niam as a Portfolio Manager and will focus on retail properties. With over 20 years of experience in the retail market Bjöörn will play an important role to seize the opportunities within the Nordic retail market.
Johan Knaust, CEO of K2A.

K2A signs lease contract with SHIS Bostäder

Sweden Sweden — K2A Knaust & Andersson Fastigheter has signed a three-year contract with SHIS Bostäder, the City of Stockholm’s social housing resource, regarding the leasing of 33 apartments in Vällingby, western Stockholm. The contract runs until August 2026.
Kerstin Gillsbro.

Kerstin Gillsbro resigns as CEO of Jernhusen

Sweden Sweden — Kerstin Gillsbro resigns as CEO of Jernhusen after 13 years at the helm. She will leave her position in the spring of 2024. Recruitment of a successor has been initiated.
Heimstadens situation is analyzed by Michael Johansson at Arctic Securities.

Heimstaden in need of capital: "I think they need to bring in close to SEK 25 billion"

Nordic — Analyst Michael Johansson at Arctic Securities is one of those who follows Heimstaden a little more closely, and for Nordic Property News he gives his views on the situation that has arisen in Heimstaden, which is in dire need of money. He talks about the biggest problems right now and how the company can solve its financing.
Niklas Zuckerman, CEO of Logistea, on Freyr's decision to terminate the agreement for a battery factory in Svenljunga, Sweden.

Zuckerman on the battery giant's sudden defection: "Caught of guard"

Sweden Sweden — During the past weekend, Logistea and Svenljunga municipality received the sudden announcement that the Norwegian battery giant Freyr chooses to end the cooperation agreement regarding the possible establishment of a battery factory in Svenljunga. "We were caught of guard," says Logistea's CEO Niklas Zuckerman to Nordic Property News and talks about Freyr's explanation for the sudden announcement, how the company is moving forward and what they still see as potential at the planned construction site.
The new facility in Hässleholm.

Peab builds swimming pool facility in southern Sweden

Sweden Sweden — Peab has been commissioned to build a new swimming pool facility in Hässleholm. The customer is Hässleholm Municipality and the contract is worth SEK 376 million.