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Köksmästaren 2 and 3.

Revelop acquires industrial assets in Stockholm and Gothenburg

Sweden Sweden — The Swedish real estate fund manager Revelop acquires two fully let industrial assets in Stockholm and Gothenburg. The assets have a combined total lettable area of 8,800 sqm.
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
Peter Wallin, CEO of Bonava.

How Bonava wants to invest the capital from the Norwegian divestment

Nordic — Bonava sells its operations in Norway to Union Residential Development and with it leaves the Norwegian market completely. CEO Peter Wallin tells Nordic Property News how they arrived at the decision, how they will use the capital that is freed up and how Bonava views its other markets.
Victor Persson, CEO of Doxa, and Ola Serneke, founder of Serneke and CEO of Serneke Invest.

Doxa calls for compulsory redemption – Serneke applies for delisting

Sweden Sweden — Doxa, which after completion of the public takeover bid holds more than 90 per cent (excluding the shares owned by the company itself), of the shares and votes in Serneke Group has called for compulsory redemption of the remaining shares in Serneke.
Jacob de Lichtenberg.

The segment where Niam's sees the best opportunities on the Danish market

Denmark Denmark — Niam makes a change in its Danish leadership as Jacob de Lichtenberg becomes new Country Manager while Michael Berthelsen transitions into a new role as Senior Director. Jacob de Lichtenberg tells Nordic Property News about his new role and where Niam sees opportunities on the Danish market going forward.
Bonava.

Bonava divests Norwegian operations to Union Residential Development

Norway Norway — Bonava has reached an agreement to divest its Norwegian operations to Union Residential Development, a Norwegian real estate fund. The purchase price is SEK 1.5 billion (approximately EUR 129 million) and the transaction is expected to be finalised no later than the third quarter of 2023. The deal is pending approval from Norwegian authorities.
Blackrock expands its Nordic portfolio.

Blackrock buys logistics property in Sweden

Sweden Sweden — Hökerum Fastigheter is divesting a state-of-the-art logistics property in Skillingaryd, Vaggeryd municipality. The buyer is Blackrock and the transaction takes place through the transfer of the property-owning company.
The political parties Moderaterna, Kristdemokraterna and Demokraterna propose that the city should look at the possibilities of acquiring the property where the Russian consulate is located today. Axel Josefson (M) tells more about the suggestion.

Politicians in Gothenburg want the city to acquire the Russian Consulate property

Sweden Sweden — According to the Tass news agency, Russia has announced that the Russian consulate in Gothenburg will be closed from September 1. Now the political parties D, M and KD, who are part of the opposition, want the city management office to be tasked with investigating the possibilities of acquiring the land and property where the Russian consulate is housed today. Axel Josefson, opposition councilor and the municipal board's 2nd vice chairman, tells Nordic Property News more about the proposal and what ambitions they have for the property if the acquisition can be carried out.
Skanska to build new building in Lund.

Skanska builds office for Vectura in Lund

Sweden Sweden — Skanska has signed a contract with Vectura Properties to construct a building for office and research in Lund, Sweden. The contract is worth about SEK 650 million (approximately EUR 56 million).
Tom Leahy, executive director of MSCI Research.

Listed Swedish companies massive sales: 2.9 billion euros

Sweden Sweden — Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.
The largest deals in the Nordics, during May.

May 2023: The Nordic top transactions

Nordic — Nordic Property News lists the largest transactions in the Nordics during May, 2023.
Vannkunsten syd.

Veidekke gets residential assignment in Oslo area

Norway Norway — Oslo S Utvikling has awarded Veidekke the commission to build the environmentally certified residential project Vannkunsten Syd in Bjørvika in Oslo. The contract is a design and build contract valued at NOK 476 million excluding VAT.
Drömfabriken.

NCC to construct new meeting place in Västerås

Sweden Sweden — NCC has been commissioned by the City of Västerås to construct Drömfabriken in Skultuna, Västerås. Drömfabriken will be a meeting place with a new school, library and after-school club.
Jannika Gylling.

Schroders appoints Asset Manager in Finland

Finland Finland — Schroders Capital announces two key appointments to its Nordics real estate team. Johan Persson has been promoted to Transaction Manager in Stockholm, while Jannika Gylling joins as Asset Manager in Helsinki, Finland.
On the left is the land designation area within the property Kristinebergs Slott 11. NCC's area for offices is marked with a red rectangle and Selvaag's for housing with a black rectangle. On the right is the block plan for the entire Hornsberg block.

The construction giant's next office project – 9,000 square meters on vacant land

Sweden Sweden — A major expansion of the vacant area at Hornsberg's old bus depot is underway. Selvaag Bolig is proposed to receive a land reference for the construction of housing and NCC for the construction of 9,000 square meters of offices, both land references where awarded in great competition.
Maarit Toivanen and Erik Toivanen.

Conficap is ready for the next generation to take over

Finland Finland — The CEO chair at Conficap gets passed down to the next generations as Erik Toivanen succeeds Maarit Toivanen in the fall. The duo tells Nordic Property News about the change, their new roles and about what is next for Conficap.
Eva Landén, CEO of Corem.

Corem signs lease contract in New York

Sweden Sweden — Corem has signed a lease contract with Patis Bakery for approximately 190 sq.m. of the ground floor in the project property 28&7 in New York. The tenant, a bakery chain, will move in during the first quarter of 2024 and the lease term is 15 years.
S&P downgrades SBB.

S&P lowers SBB's credit rating again

Sweden Sweden — The credit rating agency Standard & Poor's downgrades its long-term credit rating on SBB once again, this time to BB- with a negative outlook, from BB+. At the same time, the credit rating for the hybrid bonds is also lowered to B- from B+, while the short-term credit rating B is maintained.

Evli's real estate development fund buys property from Edita Group

Finland Finland — Edita Group Oyj has divested its property in Kuninkaantammi, Helsinki, to EAB Value Added Fund III Ky, a real estate development fund managed by Evli.
The location of the land description is the empty grass area at the bottom left of this aerial view of Akalla, with the remaining parts of the construction along Finlandsgatan illustrated in white.

Citycon to receive major land assignment

Sweden Sweden — The project is being re-directed from the original idea of a school to nearly 500 homes with mixed forms of tenure. Nordic Property News reveals more about Citycon's plans in one of Stockholm's biggest focus areas.
Oscar Engelbert, CEO of Oscar Properties.

Oscar Engelbert steps down as CEO of Oscar Properties

Sweden Sweden — Oscar Properties gets a new CEO when Carl Janglin succeeds the founder and main owner Oscar Engelbert. After 19 years, Oscar chooses to hand over operational responsibility for the company but remains as a board member. Carl takes office on 1 September.

Catella buys majority stake in French company

Sweden Sweden — Catella has agreed to acquire 60 percent of the shares in Aquila Asset Management SAS for the preliminary purchase price of approximately EUR 9,6 million.
One of the assets: Dronningens Kvarter 24.

Cromwell and Carlyle acquire logistics assets in Denmark and Sweden

Nordic — Real estate investor and fund manager, Cromwell Property Group, has acquired three logistics assets in the Nordics for its value-add partnership with global investment firm Carlyle (NASDAQ: CG), spread across three separate transactions.
Ola Serneke, founder of Serneke.

Ola Serneke after the takeover: "There has been plenty of questions about Doxa"

Sweden Sweden — This Monday, the bid was completed which has now meant that Doxa has taken over more than 90 percent of Serneke Group. Ola Serneke, founder and previous CEO, says to Nordic Property News that it will be fun to enter a new and larger context.
Stockholm.

Yield expectancy for Sweden’s major cities

Sweden Sweden — This is the expected development of yields in Stockholm, Gothenburg and Malmö, according to SEPREF’s consensus forecast.
Roger Akelius.

Roger Akelius: "Leiv is needed at SBB"

Sweden Sweden — For Nordic Property News, Akelius founder Roger Akelius comments on Friday's big bombshell in the real estate industry – that Ilija Batljan is resigning as CEO of SBB and will be replaced by Akelius CFO and Vice President Leiv Synnes.