Stina Lindh Hök, CEO of Nyfosa.

Nyfosa sells to Blackstone

Sweden Sweden — Nyfosa has signed an agreement to divest 9 light-industrial and warehouse properties with a total lettable area of 58,000 square meters. The properties are located in Burlöv, Gothenburg, Haninge, Huddinge and Härryda. The agreed property value amounts to MSEK 761 (EUR 65.6 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”
Kristina Sawjani and Joacim Sjöberg.

Castellum sells properties for approximately EUR 78 million

Sweden Sweden — Castellum is selling five properties for a total of approximately SEK 900 million (EUR 77.8 million), in line with the carrying amounts. The properties comprise a portfolio of four retail properties in Nyköping, Jönköping and Linköping that are being sold for approximately SEK 600 milllion (EUR 51.7 million). In addition, an industrial property in Västerås is being divested for approximately SEK 300 million (EUR 25.9 million).
Carl Janglin has been Oscar Properties CEO for just over one month.

Carl Janglin: "Without a new capital structure, there is no way forward for Oscar Properties"

Sweden Sweden — Oscar Properties has an unsustainable capital structure given the interest rate situation. An agreement with all lenders is now required, says the new CEO, Carl Janglin.
Verdion makes acquisition from Mortensen Gruppen.

Verdion secures first asset for VELF2 fund

Denmark Denmark — Verdion has secured a new EUR 33.5 million opportunity close to the Danish city of Horsens as the first asset in its Verdion European Logistics Fund 2 (VELF2).
Michael Johansson, analyst at Arctic Securities.

Top analyst ahead of the report season: "Surprisingly quiet on the direct market"

Nordic — Next Thursday, the flood of reports for the real estate companies starts again as Atrium Ljungberg is the first to release its Q3 report. Nordic Property News talks to Arctic Securities analyst Michael Johansson to get a picture of how the companies are doing, what will be most interesting in the reports and which companies he thinks will deliver the stronger and weaker reports.
Bård Bjølgerud, Nordic CEO of Colliers.

Colliers' Nordic CEO: This is when the real estate market will turn

Nordic — The transaction market in the Nordics is the weakest in a decade, and Colliers does not expect any particularly large improvement during the final quarter, although they expect it to be the strongest of the year and that approximately a further EUR 10 billion will be turned over until the end of the year. For the real estate market as a whole, it will take some time before the recovery is here, first the stock market and then the bond market have to correct themselves, Colliers' Nordic CEO Bård Bjølgerud said during the company's latest Nordic Outlook presentation.
Helge Krogsbøl and Christian Fladeland.

Heimstaden pushes back on news regarding its financial situation

Nordic — Heimstaden Bostad is not in need of an equity injection, the company writes in a press release. The comment is given against the background of the fact that they have been written about as a company in crisis with high indebtedness, but according to the company there are misconceptions about this that they want to clear up.
Nordr's swedish CEO Biljana Pehrsson infront of Folkhems flagship project Cederhusen in Stockholm. The picture is a montage.

Nordr aims high for the expansion of Folkhem

Nordic — Recently it became clear that Nordr is buying out the joint venture they had with Rikshem. Rikshem wanted to focus on rental properties, and for Nordr's part, they saw an opportunity to take the wooden house business out to wider market. Biljana Pehrsson, CEO of Nordr Sweden, says that the purchase is a way to expand in a way that others have not done.
Fennia makes acquisition from YIT.

YIT sells Helsinki office property to Fennia

Finland Finland — YIT and Fennia have signed a contract for the sale of the Maistraatinportti office building located in Länsi-Pasila, Helsinki. The office property will be purchased for a real estate investment portfolio managed by S-Bank Properties Ltd. The buyer in the transaction is an investment company belonging to the Fennia real estate portfolio. Maistraatinportti is YIT’s self-developed renovation site, with approximately 12,400 sqm of versatile office space and services.
Tonny Nielsen, CEO Fokus Nordic.

Fokus Asset Management changes its name to Fokus Nordic and expands into Finland

Nordic — Fokus Asset Management has over the past few years aimed to build a group which can offer investors a Nordic platform, delivering the best possible investment and asset management in real estate. The acquisition of Swedish Scius Partners in 2022, is now followed by the opening of a Finnish office in October 2023, and in conjunction with this, the group change its name to Fokus Nordic.
Thomas Beyerle, Head of Group Research Catella.

"The Empire Strikes Back" – and other Catella observations from the office market

Nordic — The flexible workplace was the new trend that emerged from the pandemic. Offices that only slightly had adapted the digital transformation was forced to break new ground. Especially in parts of Europe, where lock-down was strict. Now, with the instability in the inflation and higher rates, the demand on employees to return to the office will increase, states Thomas Beyerle, Head of Group Research Catella.

The hottest free agents on the Nordic real estate market

Nordic — A number of people have left or are about to leave important posts in the Nordic real estate industry and thus join the crowd of profiles from earlier on the list of so-called free agents. Nordic Property News has taken a closer look at some of the hottest profiles available in the Nordics.
28&7.

Corem signes five-year lease contract in New York

Sweden Sweden — Corem has signed a lease contract with 1 RoundTable Partners for approximately 380 sqm of the project property 28&7 in New York. The tenant, a private equity firm, will move in during the second quarter of 2024 and the lease term is five years.
Stena Fastigheter acquires two properties in the Gothenburg area Stampen.

Stena Fastigheter acquires in Gothenburg

Sweden Sweden — Stena Fastigheter is growing in Gothenburg through the acquisition of two properties on Friggagatan and Ranängsgatan in the Stampen district. The properties consist of 30 residential apartments and commercial space at street level. The acquisition is part of the company's focus on sustainable and long-term urban development.
NCC builds for ICV.

NCC to construct swim center in Danish town of Vrå

Denmark Denmark — NCC has been commissioned by Idrætscenter Vendsyssel (ICV) to construct a swim center in North Jutland, Denmark.
Christina Kämpe, Julia Bergqvist, Frida Tosterud Grov, Marie Meyer and Lovisa Andersson.

Colliers Nordics appoints five new partners

Nordic — Colliers announces the promotion of Frida Tosterud Grov, Julia Bergqvist, Christina Kämpe, Marie Meyer, and Lovisa Andersson into the Colliers partnership, effective as of September 28th 2023.
This is how the listed nordic real estate companies performed on the stock market during September.

Another tough month on the stock market – but SBB recovered strongly

Nordic — The majority of listed Nordic real estate companies continued to retreat on the stock market during September, but pressured SBB made a strong turnaround at the end and was one of the companies that increased the most during the month. Here Nordic Property News presents a list of the companies' performance during the ninth month of the year.
Christian Brewaeys, Matilda Vinje, Henrik Landelius, Christina Hambäck and Rickard Langerfors.

Nordic top recruitments in Q3

Nordic — Several prestigious positions on the Nordic real estate market has gotten filled during the third quarter. Nordic Property News takes a closer look at the hottest Nordic recruitments in Q3.
Jonas Grandér and Liv Malvik.

Nordika becomes major shareholder in Norwegian KMC Properties

Norway Norway — KMC Properties has agreed with Nordika for an equity injection, enabling further growth and financing of the acquisition of seven new properties. Nordika will invest NOK 275 million (EUR 24.4 million) at a price of NOK 5.5 (EUR 0.49) per share, representing 12.7 percent of the shares outstanding in KMC. Nordika will, after the issuance, be the third largest owner of KMC.
Michael Moschewitz, CEO of Genova Property Group.

Genova leases 5,000 sqm to Altris

Sweden Sweden — Genova has signed a 15-year lease in the property Söderhällby 1:9 in Uppsala for approximately 5,000 square meters with an annual rental value of approximately SEK 9 million (EUR 783,000). The lease is signed with Altris.
Odevo's CEO, Daniel Larsson.

Odevo's CEO: "Not impossible that we will start looking at new markets soon"

Nordic — In connection to the British property group Vegner and the two Finnish property managers ISTO and M3 Isännöinti joining the Ovedo group, Nordic Property News spoke with the rapidly growing company's CEO, Daniel Larsson, who does not rule out further expansion.
JM sells in Bromma.

JM sells investment properties in Stockholm

Sweden Sweden — JM has signed an agreement for the sale of investment properties located at Brommaplan in Bromma, Stockholm. The transaction amounts to SEK 283 million (approximately EUR 24.3 million).
Peab builds in Lempäälä.

Peab builds extension to school in Lempäälä

Finland Finland — Peab has been commissioned to build an extension to an elementary school in Lempäälä. The customer is Lempäälä Municipality and the contract is worth EUR 15 million.
Mikael Söderlundh, head of research at Colliers.

"I think there will be bigger write-downs of the values"

Nordic — In the short term, Colliers' Head of Research Mikael Söderlundh still sees major challenges for the real estate sector in Sweden, and also in the Nordic region as a whole. He believes that there is a large backlog in property value write-downs and that there is much more to come, while there are long-term signals that are strong.
Genesta acquires in Denmark.

Genesta makes logistics acquisition in Denmark

Denmark Denmark — Genesta expands its logistics portfolio and buys a 20,600 square meter logistics property under construction in Solrød, 25 minutes south of Copenhagen. It is an off-market deal with Logistic Contractor A/S, which is part of the Wästbygg Gruppen. It is Genesta's sixth logistics acquisition in two years.