Sthlm 04.

Skanska Commercial Property Development divests Sthlm 04 to internal portfolio

Sweden Sweden — Skanska Commercial Property Development Nordic has divested the office building Sthlm 04 in Stockholm, Sweden, to Skanska Investment Properties for about SEK 830 million (EUR 75.6 million).
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”
Jenni Rantanen.

Jenni Rantanen appointed Sustainability Manager at Sato

Finland Finland — Jenni Rantanen, MBA, has been appointed as Sato Sustainability Manager effective from 2 October 2023. Jenni Rantanen is responsible for the implementation and development of sustainability action in line with the Sato Sustainability Programme.
Stina Lindh Hök.

Nyfosa divests properties in Sweden

Sweden Sweden — In two transactions, Nyfosa has divested seven properties with a leasable area of 46,000 square meters, consisting of warehouses, industry, retail and offices. The properties are located in Falköping, Filipstad, Lidköping and Malmö. The selling price totals SEK 299 million (EUR 27.2 million).
Alexandra Laurén, CEO of Specialfastigheter.

Specialfastigheter's new CEO: Many large requests to expect

Sweden Sweden — Major demand for Specialfastigheter in the hot segment. The newly appointed CEO Alexandra Laurén on how to manage the demand, the challenges, and what's in the company's pipeline.
Daniel Lindén.

Daniel Lindén named CEO of Byggpartner

Sweden Sweden — Byggpartner gets a new CEO in Daniel Lindén, most recently regional manager for Serneke.
It was a tough October for Nordic real estate shares.

Hard times for Nordic real estate stocks in October

Nordic — There were somber tones for the Nordic real estate companies on the stock exchanges in October. Almost all of the shares dipped with a few exceptions. Nordic Property News presents a list of the companies' performance during the tenth month of the year.
SLP.

SLP acquires two properties in Malmö and Helsingborg

Sweden Sweden — SLP has acquired and taken ownership of two fully leased properties, Malmö Flygledaren 6 and Åstorp Hyllinge 36:275, with a total lettable area of 18,500 square meters. The agreed property value amounts to SEK 317 million.
Rita Berg Hansen.

Heimstaden appoints Group Director of Privatisation

Nordic — Heimstaden Bostad announced in the Q3 report a commitment to sell a part of its portfolio unit by unit to private homeowners (privatisation). Rita Berg Hansen has been appointed as the Group Director of Privatisation and will lead this strategic unit from 1 November, driving the expansion of privatisation across our markets.
Johan Damne, Chairman of the Board, and Andreas von Hedenberg, outgoing CEO of CA Fastigheter.

CA Fastigheter's CEO steps down

Sweden Sweden — After 2.5 years with Andreas von Hedenberg at the helm, CA Fastigheter will in the future have to look for a new CEO since von Hedenberg announced that he will leave the company. Andreas von Hedenberg tells Nordic Property News about the decision to leave the company and Johan Damne, chairman of the board of CA Fastigheter, tells what qualities and skills are being looked for in the next CEO.
Bent Oustad, CEO of Norwegian Property.

After the Telegrafen purchase – Norwegian Property ready for new acquisitions

Norway Norway — Norwegian Property keeps building its Oslo CBD portfolio – this time through the acquisition of Telegrafen. CEO Bent Oustad tells Nordic Property News about the acquisition, what kind of new acquisitions Norwegian Property looks for, the growth ambitions in Oslo CBD and shares his view of transaction market at the moment.
Skanska.

Skanska builds residential units in Helsinki

Finland Finland — Skanska has signed a contract with the City of Helsinki to build new apartments in Helsinki, Finland. The contract is worth EUR 31M, about SEK 360M, which will be included in the Nordic order bookings for the fourth quarter of 2023.
Ryhov County Hospital. The buildings in the front of the picture have previously been built by NCC for Region Jönköping, and the brown houses in the background are now to be renovated.

NCC gets renovation assignment for Ryhov hospital in Jönköping

Sweden Sweden — NCC is to modernize the Ryhov County Hospital through extensive refurbishment and renovation as part of its framework agreement with Region Jönköping. The project will be carried out as part of a strategic partnering agreement with an order value of approximately SEK 220 million.
Kojamo CEO Jani Nieminen.

Kojamo has signed a new EUR 425 million term loan

Finland Finland — Kojamo has signed a new EUR 425 million term loan facility agreement linked to its sustainability targets together with five relationship banks.
Niclas Höglund, head of research at JLL.

Here's why the listed property companies will continue to struggle

Sweden Sweden — JLL Sweden's Head of Research Niclas Höglund on the dark month of October for det Swedish listed real estate companies and when we will see a much brighter trend, going forward.
Andreas Morfiadakis, CEO of Klarabo.

Klarabo extends existing loan until 2026

Sweden Sweden — Klarabo has extended an existing loan of SEK 365 million until the autumn 2026. The credit margin in the loan is below Klarabo's current average credit margin and at the same time the company extend its loan maturity to 2.4 years with the new loan.
Rutger Arnhult, CEO of Corem.

Corem's Rutger Arnhult: "The stars have aligned"

Nordic — Corem's CEO Rutger Arnhult answered questions when the company's interim report was presented yesterday. Among other things, he talked about the possible continued sale of the portfolio and about the net operating margin, which has improved compared to the previous year.
"The Stork Nest."

DEAS wins significant development project in Helsinki

Finland Finland — The property ‘Kätilöopisto' or 'Kättäri’ which has been the starting point of life for thousands of Helsinki's citizens, is now getting a new life itself. DEAS Asset Management has won a competition organized by The City of Helsinki to develop the area with ambitious visions.
Bonnier Fastigheter acquires from John Mattson.

John Mattson sells property in central Stockholm

Sweden Sweden — John Mattson has signed an agreement for the sale of the Klassrummet 1 property in central Stockholm. The price is based on an underlying property value of SEK 127.5 million (EUR 11.6 million) before deduction for latent tax. The buyer is Bonnier Fastigheter AB.
Erik Selin, CEO of Balder.

The heavyweights' different views on Entra holdings – Balder sees no need for a write-down

Nordic — Entra's two largest owners, Castellum and Balder, both submitted their Q3 reports on Friday, and there it appeared that they have different views on their holdings in the Norwegian real estate company. Castellum has chosen to make a write-down of close to SEK 0.5 billion, while Balder has chosen to leave the value unchanged. Balder’s CEO Erik Selin comments on Balder's view of the Entra holding and shares his view of the bond market.

Norwegian Property buys Telegrafen in Oslo

Norway Norway — As of 27 October, Norwegian Property (NPRO) has entered into an agreement to purchase 94.1 percent of the shares in Telegrafen Invest AS. The company is 100 percent owner of the property 'Telegrafen' at Kongens gate 21 in Oslo. The agreement has been concluded between NPRO Holding AS and the owners of Telegrafen Invest AS.
Johan Skoglund, CEO of JM.

JM has never seen such low margins

Nordic — JM has already seen a tough start to the year where the number of homes sold has more than halved, and as a result they had to give the staff a notice. If they don't increase sales during this last quarter, more notice may be required, says the CEO. Despite that, they believe in coming transactions and construction starts in the near future.
Kestutis Sasnauskas, CEO of Eastnine.

Eastnine ready to go against the grain: 'Exciting times ahead'

Nordic — Eastnine has a very stable financial position following the sale of the holding in Russian Melon Fashion Group and the redemption of Eastnine's only bond at the beginning of October. CEO Kestutis Sasnauskas summarizes a historic quarter for the company, which now aims to do the opposite of most other real estate companies and actually go on the offensive in the market. Here he explains more about how it could be done.
David Mindus, CEO of Sagax.

Sagax makes major portfolio investment in France

Sweden Sweden — Sagax has entered into an agreement with a world leader in construction and maintenance of transport infrastructures regarding a sale- and leaseback transaction concerning 47 properties in France.
Logicenters develops new property and signs lease with Royal Unibrew.

Logicenters develops new property in Horsens

Denmark Denmark — Logicenters invests heavily in Horsens – develops 41,500 sqm and signs agreement with Royal Unibrew.
Charlotta Wallman Hörlin and Henrik Lindekrantz.

Charlotta Wallman Hörlin is appointed new CEO of Intea

Sweden Sweden — Intea Fastigheter has appointed Charlotta Wallman Hörlin as the new CEO, effective January 1, 2024. She replaces Henrik Lindekrantz, who will continue in the role of strategic advisor to the company.