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Skanska signs contract with Seagen to build facility in Washington.

Skanska signs contract with Seagen to build facility in Washington

Nordic — Skanska has finalized a contract with Seagen to construct a 25,000 square meter biomanufacturing facility for the global biotechnology company. The contract is worth USD 215 M, about SEK 2.25 billion.
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
Morrow Batteries and Veidekke partner to build first fully re-usable factory building.

Morrow Batteries and Veidekke partner to build first fully re-usable factory building

Norway Norway — Morrow Batteries, the industrial battery technology company, are joining forces with Veidekke to build a factory that can be dismantled and fully re-used and re-purposed in the future.
Marcus Arvidsson, Senior Asset Manager CBRE IM.

The investment profile: "The bottom hasn't been reached yet"

Nordic — Despite a weak market, CBRE Investment Management has been quite active with both sales and purchases over the past year. Marcus Arvidsson, Senior Asset Manager, does not rule out further sales - even if the plan is to grow.
Saku Sipola, CEO of SRV.

SRV sells most of its remaining Russian holdings

Finland Finland — SRV sells most of its remaining Russian holdings, continuing its exit from the country.
NCC to build 82 apartments in Tampere.

NCC to build 82 apartments in Tampere

Finland Finland — NCC has signed a contract with Asuntosäätiö for the construction of 82 right-of-occupancy apartments in the new Lamminrahka area neighboring Tampere in Finland. The order value is approximately SEK 160 million.
Joakim Arvius, CEO Colliers Sweden.

Arvius: Sweden's market reputation is surprisingly bad abroad

Nordic — The permafrost on the Swedish transaction market has been at a stable low for a few quarters, but by late spring 2023 a possible thaw could be discerned. Activity has picked up somewhat and buyers and sellers seem to be starting to find each other again - but is it a total thaw we are seeing? Joakim Arvius, CEO of Colliers Sweden, gives his view on the transaction market in the summer of 2023.
Skanska redevelops the Clayton University Center.

Skanska redevelops the Clayton University Center

Nordic — In July, Skanska signed a contract with Lehigh University to comprehensively redevelop the historic Clayton University Center on its campus in Bethlehem, Pennsylvania, USA. The contract is worth USD 70M, about SEK 730M, which will be included in the US order bookings for the third quarter 2023.
SBB sells to Höganäs Municipality for SEK 104 million.

July transaction: SBB sells to Höganäs Municipality for SEK 104 million

Sweden Sweden — In July, SBB entered into an agreement to sell four properties in Höganäs to Höganäs Municipality.
Maria Wetterstrand, CEO Milton Europe.

Maria Wetterstrand on the property industry: "I'm tired of good examples"

Sweden Sweden — Maria Wetterstrand, CEO of Milton Europe and former spokesperson for the Swedish Green Party, spoke at the Capital Market Days in Båstad earlier in July. Her speech contained some praise for the industry, but mostly criticism: "The transition to a green and sustainable real estate industry must speed up."
David Mindus, CEO of Sagax.

July transaction: Sagax invests SEK 760 million in Spain

Sweden Sweden — On July 25 Sagax acquired a portfolio of 19 properties in Spain for the equivalent of SEK 760 million.
SBB.

S&P lowers SBB's long-term credit rating to CCC+ with negative outlook

Sweden Sweden — On Friday, S&P lowered SBB's long-term credit rating to CCC+ from BB- with a negative outlook.
The largest deals in the Nordics, during the first six months of 2023.

Here are the Nordic top transactions in H1 2023

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in the first half of 2023.
Stendörren signs lease agreement for 3,161 sqm of logistics premises in Brunna.

Stendörren signs lease agreement for 3,161 sqm of logistics premises in Brunna

Sweden Sweden — Stendörren Fastigheter AB has signed a 15-year lease agreement with Stockholms Stadsmission regarding premises for logistics on the property Viby 19:66 in Brunna. The premises of 3,161 sqm comprise just over fifty percent of an entire building, which will thus be fully leased. The building was completed in Q2 2023. Access to the premises will take place on October 1, 2023.
Leiv Synnes, CEO of SBB.

SBB has closed the deal with Brookfield

Sweden Sweden — SBB has completed the final accession with Brookfield in the deal that applies to 49 percent of the company's portfolio within social infrastructure for education. Thus, SBB receives approximately 400 million in cash.
Helsinki.

The largest Finnish transactions in H1 2023

Finland Finland — Nordic Property News presents the largest transactions on the Finnish property market in the first half of 2023.
Leiv Synnes, CEO of SBB.

SBB enters into LOIs with tenants to sell properties

Nordic — Samhällsbyggnadsbolaget i Norden has entered into LOIs with existing tenants that intend to acquire properties in which the tenants conduct business. The agreed property value in the deals amounts to over SEK 3 billion (approximately EUR 273 million). Signing of binding agreements and closings is planned for the third quarter of 2023.
ABG Fastena's founders: Philip Söderqvist, Andreas Birgersson and Per Nisses.

ABG Fastena reaches threshold – here is its new targets for the hot segment

Sweden Sweden — ABG Fastena continues its acquisition journey with two new stores in southern Sweden, and thus the company's business leg grocery stores/discount store properties reaches SEK 1 billion in real estate value. Philip Söderqvist, Founding Partner and Head of Investments, tells Nordic Property News about the company's view of the current transaction market, the future in low-price/groceries, the weighting of the portfolio, a possible entry into the Finnish market and about the general future plans for the company.
Rebecka Eidenert, CEO of SBS.

SBS signs non-binding LOI to sell its Copenhagen portfolio

Denmark Denmark — Studentbostäder i Norden (SBS) has entered into a non-binding letter of intent to sell its property portfolio in Copenhagen to a total value of approximately SEK 2.1 billion (approximately EUR 191 million).
The newsletter will be back in full swing July 31st.

Summerbreak for the newsletter

Nordic — The Nordic Property News newsletter takes a break for the coming two weeks and will be back on its regular schedule on Monday July 31st.
Copenhagen.

The largest Danish transactions in H1 2023

Denmark Denmark — Nordic Property News presents the largest transactions on the Danish property market in the first half of 2023.
Erik Selin, CEO of Balder.

Balder's CEO is considering fragmenting

Nordic — Building housing is only favorable in certain locations and certain countries, says Balder's CEO Erik Selin when he participates in the capital market days in Båstad. At the same time, he stressed the importance of seeing that the "crisis" that many people think they see is only a blip in an otherwise upward curve. "It's just a matter of parrying that blip," he says. But that Balder will remain in its current form is far from obvious if the CEO himself is to be believed.
ABG Fastena acquires in Höganäs.

ABG Fastena acquires from Capsa Fastigheter

Sweden Sweden — ABG Fastena continues to build on one of its investment legs, real estate aimed for grocery store and discount stores, and acquires a commercial property in Höganäs from Capsa Fastigheter.

Varma to launch construction of an office building in Espoo

Finland Finland — Varma Mutual Pension Insurance Company is developing an office building with high-quality architecture named Keilaniemen Portti in Espoo’s Keilaniemi. Set to be the landmark for Keilaniemi, the office building will increase the area’s attractiveness as a modern office hub.
Stockholm.

The largest Swedish transactions in H1 2023

Sweden Sweden — Nordic Property News presents the largest transactions on the Swedish property market in the first half of 2023.

Leena Rentola appointed General Counsel of Sato

Finland Finland — Leena Rentola has been appointed General Counsel and a member of Sato’s Extended Corporate Management Group effective September 1st 2023 as Katri Innanen retires.