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.
TOP 4 Nordic
Johan Gyllberg.
Nordic Nordic —
Global hotel giant heads to Kvarnholmen in 20-year deal
The deteriorating outlook is being driven by a combination of stricter climate regulations, growing pressure from capital markets and increasing tenant demand for sustainable premises.
Nordic Nordic —
German investors warn of energy crisis in property portfolios as technology emerges as lifeline
Carl-Adam von Schéele.
Nordic Nordic —
Urban Partners launches first-of-its-kind fund to accelerate urban regeneration
Housing is singled out as the single most important factor behind the differences between European capitals. For families who rent, housing costs are by far the largest expense item (the people in the image have nothing to do with the text).
Nordic Nordic —
Stockholm among Europe’s most affordable capitals despite high housing costs
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.
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).
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.