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Stockholm Wood City.

Atrium Ljungberg launches the world's largest wooden city

Sweden Sweden — Atrium Ljungberg announces Stockholm Wood City – the world's largest urban construction project in wood, where the first sod is planned to be turned in 2025.
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
Jaakko Ristola.

Evli’s Head of Real Estate: “The deal flow is more limited than earlier”

Finland Finland — Jaakko Ristola, Head of Real Estate at Evli on his new role since the merge with EAB, and the investment targets in a more challenging market.
Carola Lavén, CEO of Besqab.

Besqab lays off close to one third of its staff

Sweden Sweden — Besqab lays off 40 employees due to changed market conditions; which for Besqab means lower production volumes as a result of the deteriorating market situation which is behind one third of the working group now receiving a notice. "We will still have a large and strong core left," says CEO Carola Lavén to Nordic Property News.
Aktiesparna's general counsel Sverre Linton on SBB's future in the OMXS30 list.

Stock expert on SBB's future on the OMXS30 list

Sweden Sweden — On July 1, it is time for Nasdaq Nordic's largest index, OMXS30, to make the next revision regarding which 30 stocks will be included in the coming six months. SBB was included almost a year ago and is one of the most traded shares in the index, but the question is whether the turbulence in the company and the volatility in the share could endanger the company's place in the index? Nordic Property News reviews the factors that could lead to an exclusion and Aktiespararna's general counsel Sverre Linton gives his view on SBB's future in the index.
Erik Beets will be responsible for Patrizia's Nordic operations.

“The Nordic market shares similarities with all European markets”

Nordic — Patrizia appoints Erik Beets as Head of Asset Management for the Netherlands and Nordic Region. To Nordic Property News Beets shares his view on the Nordic market; the challenges, and where he expects to find the most attractive investments.
Anna Jönsson.

Storebrand Asset Management appoints new CEO in Sweden

Sweden Sweden — Storebrand Asset Management appoints Anna Jönsson as the new CEO of the Swedish branch.
Carola Lavén, CEO of Besqab.

Besqab withdraws from large project in Stockholm

Sweden Sweden — In December 2014, Besqab, as part of a JV company, entered into an agreement for the acquisition of approximately 700 prospective building rights within the Lövholmen area in Stockholm, of which Besqab's share is approximately 350 homes. The agreement, which is conditioned, among other things, by a new detailed plan for residential purposes, recently expired. Due to changed market conditions, Besqab has chosen not to extend the agreement to instead focus on other interesting acquisition opportunities.
CBRE Investment Management Acquires Affordable Residential Asset in one of the Largest Urban Development Projects in Northern Europe.

CBRE IM acquires residential asset in Stockholm area

Sweden Sweden — CBRE Investment Management on behalf of a fund sponsored by the firm, has exchanged contracts on a fully let, recently completed residential asset in Barkarbystaden, Stockholm.
Johan Bråkenhielm, Head of Nordics for Real Estate at Schroders.

Schroders Capital gears up – here’s why the major investor aims for Finnish expansion

Finland Finland — Johan Bråkenhielm, Head of Nordics for Real Estate on the new recruitment in Finland: “This will create great opportunities for us.”
Two of the assets.

Areim acquires four light industrial properties in Gothenburg

Sweden Sweden — Areim acquires four light industrial properties in Gothenburg through two deals totalling approximately 17,000 sqm lettable area. The properties are located in the Sävedalen and Landvetter Industrial areas.
Moody's sees that the greatest risk of credit quality erosion is in Sweden.

Moody's: Greatest risk of credit quality erosion is in Sweden

Nordic — Judging by Moody's latest report on the European real estate market, Sweden stands out as the black sheep in the real estate family. Nordic Property News has taken a deep dive into the credit rating agency's latest analysis, where several different negative factors are flagged in the Swedish real estate market, such as high interest rates, lower valuations and a potential erosion of credit quality.
The property Fältläkaren.

NCC to create student homes in Uppsala

Sweden Sweden — Uppsalahem has contracted NCC to build 276 student apartments in the Kåbo district of central Uppsala. The project is a turnkey contract in partnering form and the order value is approximately SEK 260 million.
Eva Landén, Deputy CEO of Corem.

Corem divests a property in Denmark

Denmark Denmark — Corem has signed an agreement to divest a property outside Copenhagen at an underlying property value corresponding to SEK 250 million (approximately EUR 21.5 million), which is in line with book value.
Helge Leiro Baastad.

Helge Leiro Baastad suggested new Chairperson of Heimstaden Bostad

Nordic — Heimstaden Bostad's largest shareholders propose Helge Leiro Baastad as the new Chairperson of the Board and Rebecka Elkert as Folksam's board representative, replacing Casper von Koskull and Birgitta Stenmark, respectively.
Anna Nyberg.

Anna Nyberg's plans after having stepped down as CEO of Ica Fastigheter

Sweden Sweden — Anna Nyberg steps down as CEO of Ica Fastigheter. She tells Nordic Property News about the decision, her time at the company and about her future plans.
The office property will now be a residential building.

Peab converts office property into residential building

Finland Finland — Peab has been commissioned to convert an old office building into homes in Helsinki. The customer is SL-Yhtiöt Oy and the contract is worth EUR 19 million.
Logistics Position Ramlösa.

Catena invests in Helsingborg project

Sweden Sweden — Development of Logistics Position Ramlösa begins, Catena invests SEK 950 million (approximately EUR 82 million) and builds three logistics facilities.
Per Svensson, CEO of Croisette.

Croisette looks towards Norway after Knight Frank's entry

Nordic — After Croisette last month launched its new partnership with global property advisor Knight Frank, it has been given yet another reason to try to expand operations to the only Nordic country where Croisette does not yet have any operations – Norway. For Nordic Property News, CEO Per Svensson shares more information about the Norwegian ambition, what type of business they want to establish there and how they aim to use the collaboration with Knight Frank to advance in the market.
Notable progress is being made in the planning of the Color Factory Area in Tikkurila, Vantaa in Finland.

Deas to develop a new urban area in Vantaa

Finland Finland — Deas Asset Management has been selected as the partner by PPG Tikkurila for the planning and development of an exciting new urban area in Vantaa.
According to the latest numbers published by MSCI, european commercial real estate showed negative returns in Q1 2023 compared with the preceding three months.

European commercial real estate showed negative returns in Q1

Nordic — MSCI’s Europe Quarterly Property Index shows that commercial real estate investments generated negative total returns of -1.1 percent in the first quarter this year compared with the preceding three months. That created a negative total return of -7.4 percent in the last year.
Anna Nyberg.

Anna Nyberg resigns from CEO position at Ica Real Estate

Sweden Sweden — Anna Nyberg, CEO of Ica Real Estate and a member of Ica Gruppen’s executive management, has decided to leave Ica Gruppen effective 30 June 2023. Mattias Lundgren, CFO of Ica Real Estate, will take over as interim CEO on 19 June 2023.
Denmark.

Novo Nordisk invest EUR 2.1 billion in expansion of Danish manufacturing facilities

Denmark Denmark — Novo Nordisk plans to invest DKK 15.9 billion (approximately EUR 2.1 billion) starting in 2023 to expand an existing Active Pharmaceutical Ingredient (API) production facility in Denmark for the future portfolio within serious chronic diseases.
Baard Schumann.

After the Bonava deal – here is what Union Residential Development wants to invest in next

Norway Norway — Union Residential Development takes a big step by acquiring Bonava’s Norwegian portfolio and operations. Baard Schumann, Partner and CEO of Union Residential Development, tells Nordic Property News about the acquisition, what new investments they are looking for and when they hope to have the next deal done.
The CapMan office in Stockholm.

Capman grows its Stockholm team

Sweden Sweden — Capman Real Estate grows its team in Stockholm as Tommy Lindblom and Mathias Ljungberg join as Investment Directors.

They increase their rental income the most in Q1 2023

Nordic — Nordic Property News has taken a closer look at the listed property companies' rental income in Q1 2023 to find out which companies increased their income the most compared to Q1 2022. Here is the full list.