Nordic Property News presents the top transactions in the Nordics during Q3.

Here are the Nordic top transactions in Q3 2023

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in the third quarter of 2023.
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”
The CapMan office in Stockholm.

Capman sells in Greater Copenhagen

Denmark Denmark — Capman Nordic Property Income Fund (non-UCITS) sells a warehouse property in Skovlunde.
Nrep's Logicenters acquires warehouse in Eskilstuna.

Logicenters makes acquisition in Eskilstuna

Sweden Sweden — Logicenters is now acquiring a warehouse facility in Eskilstuna with a total area of 71 600 sqm. The logistics company Logent – operating on behalf of Beijer Byggmaterial – will be the tenant in the property. The facility also includes a building right for an additional 27 000 sqm and is expected to be completed by the end of April 2024.
Älvsbyhus CEO Kent Johansson.

The small house manufacturer closes factory: "The Finnish market is dead"

Nordic — Earlier this week it became clear that Älvsbyhus has been forced to notify 40 employees in Sweden. Last month, a decision was made to close a factory. However, CEO Kent Johansson believes that just in time for the rays of the spring sun, the market should improve.
The property Gäddan 8 in Malmö.

Skandia Fastigheter signs lease with the City of Malmö

Sweden Sweden — Skandia Fastigheter signs a lease for 9,000 sqm with the City of Malmö. The tenant will be the City of Malmö's new school Malmö Neptunigymnasium.
Jack Renteria.

ULI appoints Jack Renteria as National Council Chair in Denmark

Denmark Denmark — The Urban Land Institute (ULI) has announced the appointment of Jack Renteria, CEO of Living By Alfa, as the Chair of ULI Denmark, succeeding Jesper Bo Hansen, Managing Director at Catella Corporate Finance.
Douglas Westerberg, Gustaf Segerborg and Anton Jansson.

Randviken trio back with the new venture Flexfast

Sweden Sweden — The former Randviken CEO Gustaf Segerborg is back with a new company. Together with Anton Jansson and Douglas Westerberg, he has started Flexfast, which will invest in warehouse and light industrial properties. Gustaf Segerborg tells Nordic Property News about the new company, which price range and which areas they are looking for new properties in, and about the competition in the hot warehouse and light industrial segment.
SLP.

SLP signs lease agreement in Helsingborg

Sweden Sweden — SLP has signed a new lease agreement with the existing tenant in the property Aggregatet 4 in Helsingborg.
Illustration of the court house.

NCC to create court house in Tønsberg

Norway Norway — NCC has been contracted by the Norwegian Directorate of Public Construction and Property to build a new district court house in Tönsberg in south-eastern Norway. The order value is approximately SEK 170 million.

The Nordic companies with the largest decreases in property values

Nordic — Over the last year, a large number of Nordic real estate companies have seen property values go down due to write-downs – and in other cases due to divestments. Nordic Property News takes a closer look at which companies have had the largest decreases in their property values.
Per Nilsson, CEO of John Mattson.

John Mattson sells property in Stockholm

Sweden Sweden — John Mattson has signed an agreement today for the sale of the Trappsteget 2 property in Högdalen, Stockholm. The price is based on an underlying property value of SEK 236 million (EUR 21.5 million) before deduction for latent tax. The buyer is Arne Dufva Högdalen AB.
Knut Berget and Jørgen Haga.

Knut Berget appointed Head of Transactions at Akershus Eiendom

Norway Norway — As from October Knut Berget will take on the role as Head of Transactions, succeeding Jørgen Haga, who has held this position since 2017.
Hotel Mayfair in central Copenhagen and Pandox Chief Commercial Officer, Jonas Törner.

"In general the recovery has been strong for the Danish hotel market"

Denmark Denmark — On Monday, Pandox announced a deal with Strawberry for the operation of Hotell Mayfair in Copenhagen. Jonas Törner, Chief Commercial Officer at Pandox says that the development in the Danish capital has been fantastic and that there are opportunities going forward to sharpen the portfolio structure. At the same time, they will increase discipline in the investment calculations in order to adapt to the new economic conditions.
NCC builds in Denmark.

NCC to construct production facility in Denmark

Denmark Denmark — NCC has been commissioned to construct a production facility in Denmark. The order value is approximately SEK 900 million (EUR 82 million).
On the left is AB Invest's proposal for the construction of the 40-storey wooden building in Kista. The red-marked site for the development is today a parking lot.

Norwegian hotel operator wants to build the world's tallest wooden house

Sweden Sweden — The company AB Invest wants to build a 40-storey wooden office building in Kista in Stockholm – that would make it the world's tallest wooden building. Nordic Property News reveals more about the ambitious project and its contents.
Ivar Tollefsen, Chairman of Heimstaden and owner of Fredensborg.

Heimstaden divests Icelandic portfolio

Nordic — Heimstaden AB has agreed to divest 100 percent of the shares in the Icelandic residential real estate company Heimstaden ehf to Fredensborg AS, the largest shareholder in Heimstaden. The transaction will close in October 2023.
The opposition's proposal to investigate the possibilities of acquiring the property where the Russian consulate is located today was voted down in the municipal board. To the left is municipal board chairman Jonas Attenius (S) and to the right is opposition councilor Axel Josefson (M).

Unclear future for the Russian consulate in Gothenburg

Sweden Sweden — The opposition's proposal to investigate the possibilities of buying the Russian consulate in Gothenburg was voted down by a majority during last week's meeting of the municipal board, and now it is unclear what is going to happens to the building. Axel Josefson (M), opposition councilor and the municipal board's 2nd vice chairman, and Jonas Attenius (S), chairman of the municipal board, comment on the situation for Nordic Property News and why there is very little that the city can do right now.
Liia Nõu, CEO of Pandox.

Pandox signs lease agreement for hotel property in central Copenhagen

Denmark Denmark — During the ongoing renovation and repositioning of Hotel Mayfair in central Copenhagen, Pandox has signed a lease agreement with the operator Strawberry and the Hobo brand. Pandox continues to run the day-to-day hotel operations until the renovation project has been completed and the new lease comes into force, which is expected to take place in the second half of 2024. The new lease is revenue-based with an indexed, guaranteed minimum level, and long term.
Tonny Nielsen, CEO Fokus Nordic.

After the Finnish entry – here are Fokus Nordic's ambitions for the Finnish market

Finland Finland — Fokus Nordic has expanded into the Finnish market. CEO Tonny Nielsen tells Nordic Property News about the Finnish entry, the company’s ambitions for the market, how the expansion will benefit the entire company and about his views on the market situation in Finland.
Klara Appelqvist, Sustainability Manager at Balder.

Positive momentum in Balder's ESG rating

Sweden Sweden — Fastighets AB Balder's targeted efforts within the sustainability field are yielding results Sustainalytics updates Balder's ESG risk rating to 12.3 from 13.8. Balder remains stable within the low-risk range, and is closer to the desirable level of negligible risk.
The top transactions in the Nordics in September.

September 2023: The Nordic top transactions

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in September, 2023.
Capman makes new Swedish investment.

Capman invests in logistics development project in Greater Jönköping

Sweden Sweden — CapMan Real Estate acquires a logistics development project situated in LogPoint South, a prime logistics hub ca 20 km south of Jönköping city centre in Sweden. The investment is the first greenfield logistics development project for Capman Real Estate. The investment is made in a joint venture together with logistics development operating partner Nordsten Development. The seller is Venturi Fastigheter.
Skanska.

Skanska cancels order for preparatory works for emergency hospital in Växjö

Sweden Sweden — Skanska cancels order for preparatory works for emergency hospital in Växjö, Sweden, worth about SEK 1.2 billion (EUR 103 million).
Obos' CEO, Joakim Henriksson.

First aid for housing construction according to Obos' CEO

Sweden Sweden — Housing construction is said to have collapsed, purchasing power eroded and assets lost value. Construction costs and interest rates have risen, while there is a major housing shortage. But several companies and their managers have ideas about how to turn it all around. Obos' CEO Joakim Henriksson is one of them.
Henrik Jussi-Pekka and Carl-Johan Hansson.

Unobo sells residential property in Helsingborg to Resinova

Sweden Sweden — Unobo AB sells the property Guldgubben 1 in Helsingborg to Resinova Bostads AB. The property was built in 2020, has 95 apartments with 4,846 sqm BOA plus part in the garage. The agreed property value amounts to SEK 197 million (EUR 17 million), which exceeds the latest external valuation. Guldgubben 1 is located at Maria station in northern Helsingborg.