Jukka Rantanen, vd för Sb-Hem.

"The Finnish housing market needs urgent support measures"

Finland Finland — Inflation and rising interest rates have led to a precarious situation in the Finnish housing market, a situation that has lasted exceptionally long. The main drivers of the housing trade, i.e. interest rates, consumer confidence and employment, are not expected to change for the better in the near future. The industry therefore needs effective and rapid support measures to recover. This is the opinion of Jukka Rantanen, CEO of Finnish Sb-Hem, who proposes that the interest deduction for mortgages be reintroduced and that the transfer tax be abolished.
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”
On the left is Dan Sandstedt, Head of Capital Markets at Newsec, in the middle Carolina Herling, Head of Investment at Savills and on the right Daniel Anderbring, Head of Capital Markets Sweden at JLL.

Advisory trio on the new transaction market: "Challenging to close ongoing deals"

Sweden Sweden — Today Nordic Property News concludes the survey where some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. Today the turn has come to a trio of advisers consisting of Newsec, JLL and Savills.
Helsinki.

Hemsö develops new school in city centre of Helsinki

Finland Finland — Hemsö has been awarded a lease agreement by the City of Helsinki in a public procurement. The city will rent premises for two upper-secondary schools for the arts in Helsinki. An extensive redevelopment will be carried out on the property at Siltavuorenpenger, which Hemsö acquired in 2021. The lease agreement has a 15-year term, and the lettable area is 5,000 square metres.
Thomas Holm, CEO, and Svenska Handelsfastigheter's Härlöv.

Svenska Handelsfastigheter writes down property value by 6.4 percent

Sweden Sweden — Svenska Handelsfastigheter writes down property values by SEK 1.0 billion (approximately EUR 91.1 million), corresponding to approximately 6.4 percent of the total property value, during the third quarter. After the write-down, the total property value amounts to SEK 14.8 billion (approximately EUR 1.35 billion). This is clear after the company had the entire property portfolio externally valued by two independent valuation firms as of September 30, 2023.
Anette Frumerie, Anna Ervast Öberg and Biljana Pehrsson.

Nordr acquires Folkhem from Rikshem

Sweden Sweden — Nordr is taking a big step towards becoming a leader also in the sustainable development of wooden apartment buildings by acquiring all the shares in Folkhem. The ambition is to increase Folkhem's presence in Nordr's main markets in Sweden and Norway – Stockholm, Gothenburg, Malmö, Oslo, Trondheim, Stavanger and Bergen.
Alex Mabäcker.

Team leaves SBB-owned company – forms the new company Samfori

Sweden Sweden — The team behind Odalen Fastigheter, which was acquired by SBB in 2022, has left the company for a new venture under the new name Samfori. CEO Alex Mabäcker tells Nordic Property News about the decision to leave SBB, the new company and investments to be made with Samfori, as well as gives his view on the problems in the political conversation connected to elderly issues.
SBB.

SBB sells to Lovisenberg for EUR 245M

Norway Norway — SBB has sold two properties to the tenant Stiftelsen Diakonissehuset Lovisenberg for NOK 2,815 million (EUR 245 million). The properties being sold are the hospital on Ragnar Ströms Veg 10 in Ullensaker of which SBB owns 100 percent and an adjoining development plot of which SBB today owns 65 percent, co-owning with a local developer.
On the left is David Almqvist, co-head of transactions at Croisette, and on the right is Colliers Sweden CEO Joakim Arvius.

The advisors' new transaction reality: "A higher proportion of deals than normal fail"

Sweden Sweden — Nordic Property News continues the survey where some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. Now the turn has come to Colliers and Croisette.
Victor Persson, CEO of Doxa and Serneke Group.

Doxa to lay off 25 Serneke employees

Sweden Sweden — The forms for Doxa's planned division of Serneke into two separate companies, one for contracting and one for property development, have now been decided, the company announces. With this, Serneke Group AB's group functions cease, which affects a total of approximately 75 employees, of which approximately 25 positions will disappear through notice of termination due to a lack of work, the company writes in a press release.
Rutger Arnhult, CEO of Corem.

Corem divests three properties in Sigtuna

Sweden Sweden — Corem has signed an agreement for the sale of three properties in Sigtuna at an underlying property value of SEK 115 million, which is in line with book value.
Patrik Kallenvret, Head of Capital Markets in the Nordics at CBRE and Jacob Bruzelius, Head of Catella Corporate Finance, talk about how their respective companies has experienced the transaction market so far in 2023.

The advisors' new transaction reality: "Today a SEK 1 billion deal is considered substantial"

Nordic — Nordic Property News today begins a series of articles in which some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. First up in the survey are CBRE and Catella.
Louise Schaldemose.

Louise Schaldemose appointed Director of Group Letting at Heimstaden

Nordic — Louise Schaldemose will take on her new role on 1 October and will support an experienced team of local Heads of Letting across all Heimstaden’s locations.
NCC to build offices in Danish city of Middelfart.

NCC to create office building in Middelfart

Denmark Denmark — NCC has been commissioned by the investment company Selfinvest to construct a 12,400-square-meter office building in the city of Middelfart in Funen.
Henrik Landelius.

"Areim is an exciting company"

Nordic — Areim changes CEO – in March 2024, Henrik Landelius steps in and succeeds Therese Rattik. The incoming CEO tells Nordic Property News about the choice to join Areim, how he views the company, the strength of having Therese Rattik remain in the organization, how he is as a leader and about full focus on the end of NCC.
Rikshem sells property to Stena Fastigheter.

Stena Fastigheter acquires from Rikshem

Sweden Sweden — Rikshem sells the property Norrbacka 1:48 in Märsta, Sigtuna municipality, to Stena Fastigheter. The deal includes 438 apartments and a total of approximately 30,000 square meters of lettable area.

They have the lowest ICRs in the Nordics

Nordic — Nordic Property News presents a list over the Nordic listed companies with the lowest Interest Coverage Ratios for Q2 2023.
Johan Ericsson.

Johan Ericsson declines re-election as Chairman of Nyfosa

Sweden Sweden — Johan Ericsson declines re-election as the Chairman of the Board for Nyfosa AB. Ericsson remains Chairman of the board until the annual general meeting on April 23, 2024.
Henrik Landelius.

Henrik Landelius appointed new CEO of Areim

Nordic — Henrik Landelius will take over as CEO of Areim in March 2024. He comes most recently from NCC where he was part of the company’s senior management team and for the past five years has been Head of NCC Building Sweden.
Leiv Synnes, CEO of SBB.

Leiv Synnes on SBB's latest crisis measures

Sweden Sweden — SBB's CEO Leiv Synnes tells Nordic Property News about Sunday evening's big strategic transaction which means that SBB releases majority control over Educo and presents a new corporate structure. Read about the ambitions with the changes, how the new structure is intended to strengthen the company going forward and the plan for the housing portfolio.
SBB.

SBB strengthens liquidity and decentralises group structure

Nordic — SBB strengthens liquidity with approximately SEK 8 billion (approximately EUR 729 million) and presents decentralised group structure.
Pictured to the left is Nuveen's portfolio manager and Head of Eurpean Real Estate Randy Giraldo and to the right is Nordic transaction manager Oscar Maltesen.

Exclusive with the global powerhouse: Nuveen on their Nordic strategy

Nordic — Nordic Property News got an exclusive interview with two representatives of Nuveen Real Estate, one of the world's largest property managers and investors. Portfolio manager and Head of European Real Estate Randy Giraldo talks about the investor's strategy in the market and the big focus in the coming decade, while Nordic transaction manager Oscar Maltesen comments on their view of Swedish properties, the most interesting segments and the price adjustment they are waiting for.

The Highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in Q2 2023.
Stefan Wilhelmson, CEO of Amaron, (top) and Martin Mildner, Portfolio Manager (bottom).

Amaron acquires property in Malmö

Sweden Sweden — Amaron expands its portfolio in Malmö with the acquisition of the property Sunnanå 6:30 in Toftanäs.
Alma Property Partners and Rubik Properties make acquisition in Copenhagen.

Alma Property Partners and Rubik Properties acquire fourth light industrial property in Copenhagen

Denmark Denmark — Alma Property Partners and Rubik Properties have added a light industrial and warehouse property in Glostrup to their light industrial joint venture.

Skanska signs additional contract to build hospital in Florida

Sweden Sweden — Skanska has signed an additional contract with Orlando Health to build a hospital in Lakeland, Florida, USA.