David Mindus, CEO of Sagax.

Sagax invests SEK 645 million – adds Finnish property to portfolio

Finland Finland — On 26 October 2023, Sagax announced that the company had agreed to acquire 47 properties in France for SEK 930 million and that the investment, under certain conditions, could be increased by SEK 485 million. The conditions have now been met.
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”
Fredrik Palmgren.

Leaves Savills – starts new company

Sweden Sweden — Fredrik Palmgren leaves Savills for a new venture in project development and starts his own company Dopo. He tells Nordic Property News about the business, the company's goals, which segments and markets the company will be active in and shares his view on the market situation for project development.

DEAS makes divestment in Oulu

Finland Finland — DEAS fund sold office property in Oulu DEAS Property Fund Finland I has sold an office property in Oulu to a local investor.
The top transactions in the Nordics in October.

October 2023: The Nordic top transactions

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in October, 2023.
SATO develops the urban environment of East Helsinki.

Sato develops major Helsinki area

Finland Finland — Sato is involved in the development of the future of the Itäkeskus area (East Helsinki) as part of the project developer group.

Catena makes changes in regional divisions

Sweden Sweden — Catena will redefine its regional divisions as of 1 January 2024 and, thereby, update its segment reporting.
Jimmy Bengtsson, CEO of Veidekke.

Veidekke reduces its Swedish workforce by 60 persons

Sweden Sweden — CEO Jimmy Bengtsson: "The market downturn has long been apparent in the Swedish residential segment, and we will therefore be implementing an extensive reorganisation in Sweden in Q4."

Leaves Skanska for senior position at Niam

Sweden Sweden — Niam strengthens the team with a new senior hire.
Sthlm 04 and Jan Odelstam.

Skanska's future plans for its own portfolio

Sweden Sweden — Skanska adds a new large office property to its own book when Sthlm 04 is acquired for SEK 830 million. Jan Odelstam, business unit manager for Commercial Development Nordic at Skanska, tells Nordic Property News about the work of building Skanska's own portfolio, how the company views future acquisitions and why the current situation on the transaction market does not affect the work with the own portfolio.

YIT plans changes in the operating model of the Business Premises segment

Finland Finland — YIT plans changes in the operating model of the Business Premises segment and considers adapting operations in Finland.
The Fokus Skärholmen project in southern Stockholm is expected to generate 4,000 new homes.

Klövern set to develop new homes in Stockholm

Sweden Sweden — This year, Klövern has plans to start at least 800 homes in Kista. Now it may soon become relevant for additional housing in southern Stockholm. Nordic Property News takes a closer look at the situation.
Entra.

Entra renews lease contract in central Oslo

Norway Norway — Renewed and extended lease contract for 8,400 sqm in Biskop Gunnerus gate 14 in Oslo.
Veidekke.

Veidekke to add more work on residential project in Bjørvika

Norway Norway — After very good residential sales for Mariakvartalet in Bjørvika, Oslo S Utvikling (OSU) has commissioned Veidekke to complete the basement of the environmentally certified residential project. The value of the contract is NOK 116 million.
Rita Berg Hansen.

This is how Heimstaden will succeed with massive sales plan

Nordic — Recently, it was announced that Heimstadens Bostads plans to sell approximately 25,000 homes from the stock in five different markets. All in all, it should bring in SEK 85 billion (EUR 7.2 billion) for the company. Rita Berg Hansen has now been tasked with leading the work on the sales challenges expected in the coming years.
Markus Myllymäki, CEO of Toivo Group.

Toivo Group's special unit signs project agreement

Finland Finland — Real Estate Special Situations Unit of Toivo Group signs its second project agreement.
Skanska builds student housing in Oslo, Norway, for NOK 513M, about SEK 520M.

Skanska to build new student housing in Oslo

Norway Norway — Skanska has signed a contract with the Student Welfare Organization in Oslo (SiO) to build new student housing. The contract is worth NOK 513M, about SEK 520M.

Balder adds key-player from Unibail-Rodamco-Westifeld

Sweden Sweden — Balder strengthens the team with new Head of Leasing for retail.
The Ansatie 5 property comprises 14,300 sqm and it is located by the Ring Road III.

OP Life divests warehouse property in Vantaa

Finland Finland — OP Life Assurance Company has sold a warehouse property in the Tuupakka area in Vantaa to an unnamed buyer.
Joacim Sjöberg, acting CEO of Castellum.

Castellum yearns for the European bond market

Sweden Sweden — Castellum continues to feel strong, the company announces during its Q3 presentation – not least because despite the CPI indexing of rents, it has not yet given the tenants hiccups. But one thing that has become clear over the past year is that there are different groups of property companies on the bond market – there are winners and losers.
Kojamo CEO Jani Nieminen.

Finnish giant predicts a sharp fall in house prices

Finland Finland — Finnish housing company Kojamo's total revenue landed at 112 million euros in the third quarter, which is an increase of 5.7 percent, while net rental income increased by 6.3 percent to 83.1 million euros compared to the same period last year, when the figure was 78 ,2. "Our business has developed as expected and our results are stable," says the company's CEO, Jani Nieminen.
Marjaana Kivioja.

Marjaana Kivioja appointed as Communications Manager at Sato

Finland Finland — Marjaana Kivioja, MSocSc, EMBA, has been appointed as Sato Communications Manager effective from 2 October 2023. In her role, Marjaana Kivioja is responsible for Sato’s external communications, media relations and financial communications.
Frich's Hotel Hamar will open in the spring of 2024 after refurbishment.

Pandox leases hotel property in Norway to strong local operator

Norway Norway — Pandox and the Norwegian hotel operator Frich's have signed a long-term revenue-based lease agreement with good minimum levels for a hotel property in Ringsaker, Norway.
KOY Oulun Kuvernööri.

Capman buys Oulu office property – to turn into hotel

Finland Finland — CapMan Hotels II fund has signed an agreement to acquire the asset “KOY Oulun Kuvernööri” in Oulu city centre, Finland, with the intention of redeveloping the building, currently used as an office, into part of Lapland Hotels Oulu. As a result of the conversion the hotel capacity will be increased by 95 rooms in order to meet the strong market demand.

Global giant increases significantly in Castellum

Sweden Sweden — Global giant increases Castellum holding by 65,7 percent – rises in the list of owners.