Götenehus' largest owner EHF makes and offer for the company.

EHF makes offer for Götenehus

Sweden Sweden — Götenehus' largest shareholder EHF submits an unconditional cash offer of SEK 3.25 per share regardless of share type. This is stated in a press release.
TOP 4 Nordic
Nordic Nordic —
Winners and losers on the stock market in April
Michael Swank.
Nordic Nordic —
The segments Blackstone consider attractive in the Nordics
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”
SBB.

Green light for SBB's transaction with Brookfield

Nordic — Financing condition related to SBB's Brookfield transaction has been fulfilled.
Hemsö.

Hemsö signs new lease in Gothenburg

Sweden Sweden — Hemsö has signed a 15-year lease with the school group Academedia for the rental of the Odin School in central Gothenburg.
Nordic Property News presents the listed property companies' rental income.

Q3 figures: They increased their rental incomes the most

Nordic — Nordic Property News presents a list of the how much the listed companies increased their rental incomes in the first nine months 2023.
Bright Tuesday for Nordic real estate shares.

Nordic real estate shares skyrocket following inflation numbers from the Fed

Nordic — Nordic, and especially Swedish, real estate stocks went through the roof following the inflation report from Federal Reserve. Nordic Property News lists the largest risers.
New tenants sign leases in the property Rubinen 1 in Helsingborg.

Wihlborgs signs new lease in Helsingborg

Sweden Sweden — Wihlborgs signs agreement with Nowaste Logistics for 6,900 sqm in Helsingborg.
SBB.

SBB sells to municipality

Sweden Sweden — When Fagersta municipality moved into the old Brukskontoret and Norra Station in the summer of 2021, it was as tenants of the real estate company Offentliga hus. Now, two and a half years later, the municipality is buying the properties from the current owners SBB through a company acquisition. The market value of the properties amounts to SEK 105 million (EUR 9 million).
Skanska.

Skanska constructs new STEM building for the Texas State University System

Sweden Sweden — Skanska has signed a contract with Texas State University System to build a new STEM (Science, Technology, Engineering, and Math) building located on The Texas State University System’s San Marcos campus in Texas, USA. The contract is worth USD 100M.
David Mindus, CEO of Sagax.

Sagax completes a directed issue – raising SEK 2.1 billion

Sweden Sweden — Sagax completes a directed issue of ten million common class B shares – raising SEK 2.1 billion (app. EUR 180 million).
Bonava.

Bonava completes Russian divestment

Sweden Sweden — Bonava has completed the divestment of its operations in St. Petersburg to the Armenian company Star Development LLC. The transaction amounting to EUR 50 M has been completed and Bonava has received payment. This entails a positive result of SEK 564 M after transaction fees, which will be reported in the third quarter report. With this transaction, Bonava has concluded all operations in Russia.
The National Museum in Helsinki.

NCC to renovate Finland’s National Museum

Finland Finland — NCC has been contracted by Senate Properties to renovate Finland’s National Museum in Helsinki. The order value is approximately SEK 320 million.
Leiv Synnes, CEO of SBB.

CEO Leiv Synnes wants a wiser SBB

Sweden Sweden — SBB presents its report against the background of a few turbulent months. During the year, a large sales attempt was carried out to save the company in crisis. Ambition to be wiser and more thoughtful when it comes to liquidity, while also resolving debt.
Vasahuset in Stockholm and Jonas Bjuggren.

Folksam appoints new Property Director

Sweden Sweden — Folksamgruppen strengthens the property division with Jonas Bjuggren as new property director. He tells Nordic Property News about what attracted him to Folksam, how he views his new position, how he views Folksam's property operations and portfolio, and gives his view of the challenges in the property market.
Rutger Arnhult, CEO of Corem.

Corem divests two properties for EUR 335 million

Denmark Denmark — Corem has today signed an agreement for the sale of two properties in Copenhagen at an underlying property value of approximately SEK 3,900 million, which is in line with book value. The buyer is a foreign actor.
Jacob Karlsson, CEO of K-Fastigheter.

"The new capital gives us the conditions to be a continued offensive player"

Sweden Sweden — With an extensive new issue and a large number of apartments that will be completed during the fourth quarter, CEO Jacob Karlsson feels confident that K-Fastigheter can be equipped for the future.

Canadian investor acquires Swedish logistics portfolio

Sweden Sweden — Cadillac Fairview/Ontario Teachers’ Pension Plan (‘OTPP’) has acquired a 121,000 sqm logistics portfolio in Sweden. The acquisition is undertaken together with its local operating partner in the Nordics, Fokus Nordic.
Gabriel Andersson.

New coworking expansion plans for Revelop

Sweden Sweden — Revelop continues to expand its coworking venture C/O with a new establishment in Mölndal. Gabriel Andersson, Head of Operations C/O at Revelop, tells Nordic Property News about further establishment in the Gothenburg area, about the possibilities of taking the concept to more cities than Stockholm and Gothenburg and gives his view on how the coworking market in Sweden will develop in the future.
SLP.

SLP signs construction and lease agreement

Sweden Sweden — SLP has signed an agreement regarding a new construction project of 11,000 square meters in Katrineholm as well as a 15-year lease with an international logistics company for the entire area. The annual rent amounts to approximately SEK 16 million and is fully indexed.
NCC's Våghuset and in the background Brick Studios, both in central Gothenburg. CEO Tomas Carlsson.

NCC flagship projects remains unsold: "We'll do anything – but not at any price"

Nordic — Recently NCC presented its latest report. In it there were both flashes of light and some dark clouds. CEO Tomas Carlsson believes that a certain distance is required from the individual report in order to put things in context. But it will be particularly difficult in the commercial segment ahead.
SBB.

SBB rejects acceleration notice from bondholder

Sweden Sweden — SBB rejects purported and ineffective acceleration notice from a bondholder regarding Eurobonds issued under its EMTN programme.
NCC starts new business area for the green transition and updates its financial targets.

NCC starts new business area

Sweden Sweden — Yesterday, NCC presented updated financial targets for operations and the news that NCC’s resources for projects driven by the green industrial transition will be collected in a separate business area.
Peab.

Peab to build cold storage unit for Evolv

Sweden Sweden — Peab has been commissioned to build a cold storage unit in Hyllinge northeast of Helsingborg. The customer is Evolv Frysen 1 AB and the contract is worth SEK 111 million.
Prof. Dr. Thomas Beyerle, Group Head of Research at Catella, and housing in Gothenburg, Sweden.

Yield projections for the Nordic housing markets

Nordic — Both housing rents and housing yields are trending upwards in Europe, according to Catella’s European Residential Market Overview for Q3 2023. Prof. Dr. Thomas Beyerle, Group Head of Research at Catella, tells Nordic Property News about the projections for yields in the Nordics going forward.
Sverker Källgården.

Cibus increases the result in Källgården's last report

Nordic — On Tuesday, Cibus presented its interim report for the third quarter of 2023. The company was able to show an increased profit from property management during the third quarter, compared to the same period the year before. Leaving CEO Sverker Källgårdens submits his last interim report in a positive spirit: "I have a bright view of Cibu's future."
Peab builds more apartments in Umeå.

Peab to add more residential units in Umeå

Sweden Sweden — Peab has already completed construction of seven apartment buildings at Mariehöjd in Umeå and is now beginning on the eighth stage which will comprise 79 tenant-owner apartments and two common areas. The customer is Mariehöjd Produktion and the contract is worth SEK 133 million.