SBB.

SBB shares clarification regarding Q2 report

Sweden Sweden — An editing error in the balance sheet was noticed. SBB corrects the mistake.
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”
Gothenburg.

K-Fastigheter's targets for the Gothenburg market

Sweden Sweden — In recent months, K-Fastigheter has increased its building rights portfolio through several acquisitions, most recently at the end of June when it bought from Serneke. Johan Hammarqvist, Head of IR and Communications, tells Nordic Property News about the investment in Gothenburg, the view of the Gothenburg market, where you want to grow and what organization you want to build in the city.
Which companies are the winners and which are the losers on the stock market in July?

Strong figures among the Nordic shares in July

Nordic — Nordic Property News presents a list of the companies' performance on the stock exchange during the seventh month of the year.

YIT signs expansion contract for school

Finland Finland — YIT has signed an agreement with the City of Vantaa on the implementation of the Kannisto school expansion and spatial reorganisation. The value of the agreement is approximately EUR 19 million.
The Moxy hotel in Tromsø.

Moxy hotel in Tromsø receives sustainability certification

Norway Norway — The Green Key certificate is a commitment to comply with strict criteria, enabling companies to ensure they operate hotels sustainably. The newly opened Moxy Tromsø hotel has now received the Green Key certification.

"The interest rate is here to stay"

Sweden Sweden — Nick Axford, Chief Economist at Avison Young participated in the Capital Markets Days in Båstad where he gave his view on how the global economy is now setting a new but old standard for how the real estate market will work going forward.
Michael Berglin, former CEO of Serneke.

Michael Berglin leaves Serneke

Sweden Sweden — After eleven years at Serneke, Michael Berglin has now left the company and his role as CEO. For Nordic Property News, he comments on the decision.
The facade of Lyrra.

Niam acquires office building in Helsinki area

Finland Finland — The joint venture between Ylva and pension insurance company Varma has sold an office building located on the Lyyra block in Hakaniemi, Helsinki to Niam.
Helsinki.

Toivo starts new residential building projects

Finland Finland — Toivo Group has launched a total of 4 new residential building projects covering a total of 76 apartments.
Matthias Kettelhoit, Head of Logicenters.

Matthias Kettelhoit on logistics properties: "Absolutely no crisis - but we have passed the peak"

Nordic — According to Matthias Kettelhoit, Head of Logicenters, NREP's logistics platform, the pace of expansion of logistics companies will soon begin to slow down. At the same time, he sees no crisis in the logistics industry: "I don't think we have signed as many contracts as we did in the first half of 2023."
Kestutis Sasnauskas, CEO of Eastnine.

Eastnine completes Russian divestment

Nordic — Eastnine has entered into an agreement to sell its entire investment in the Russian fashion retailer Melon Fashion Group (MFG). The purchase price for Eastnine’s shares is approximately RUB 15.6 billion corresponding to approximately EUR 149 million.
SBB.

SBB considers IPO of residential business

Sweden Sweden — SBB is considering carving out its entire residential business with a portfolio of SEK 36.5 billion (EUR 3.2 billion) for an initial public offering, according to sources to Bloomberg news.
Henrik Mitelman.

"A return to normality after the madness"

Sweden Sweden — During the Capital Markets Days in Båstad earlier in July, Henrik Mitelman, independent analyst, columnist for Dagens Industri and formerly head of analysis at SEB, spoke about where he thinks the economy is headed. Is it a bump in the road we are experiencing – or is it time we woke up to a new reality?
Skanska signs contract with Seagen to build facility in Washington.

Skanska signs contract with Seagen to build facility in Washington

Nordic — Skanska has finalized a contract with Seagen to construct a 25,000 square meter biomanufacturing facility for the global biotechnology company. The contract is worth USD 215 M, about SEK 2.25 billion.
Morrow Batteries and Veidekke partner to build first fully re-usable factory building.

Morrow Batteries and Veidekke partner to build first fully re-usable factory building

Norway Norway — Morrow Batteries, the industrial battery technology company, are joining forces with Veidekke to build a factory that can be dismantled and fully re-used and re-purposed in the future.
Marcus Arvidsson, Senior Asset Manager CBRE IM.

The investment profile: "The bottom hasn't been reached yet"

Nordic — Despite a weak market, CBRE Investment Management has been quite active with both sales and purchases over the past year. Marcus Arvidsson, Senior Asset Manager, does not rule out further sales - even if the plan is to grow.
Saku Sipola, CEO of SRV.

SRV sells most of its remaining Russian holdings

Finland Finland — SRV sells most of its remaining Russian holdings, continuing its exit from the country.
NCC to build 82 apartments in Tampere.

NCC to build 82 apartments in Tampere

Finland Finland — NCC has signed a contract with Asuntosäätiö for the construction of 82 right-of-occupancy apartments in the new Lamminrahka area neighboring Tampere in Finland. The order value is approximately SEK 160 million.
Joakim Arvius, CEO Colliers Sweden.

Arvius: Sweden's market reputation is surprisingly bad abroad

Nordic — The permafrost on the Swedish transaction market has been at a stable low for a few quarters, but by late spring 2023 a possible thaw could be discerned. Activity has picked up somewhat and buyers and sellers seem to be starting to find each other again - but is it a total thaw we are seeing? Joakim Arvius, CEO of Colliers Sweden, gives his view on the transaction market in the summer of 2023.
Skanska redevelops the Clayton University Center.

Skanska redevelops the Clayton University Center

Nordic — In July, Skanska signed a contract with Lehigh University to comprehensively redevelop the historic Clayton University Center on its campus in Bethlehem, Pennsylvania, USA. The contract is worth USD 70M, about SEK 730M, which will be included in the US order bookings for the third quarter 2023.
SBB sells to Höganäs Municipality for SEK 104 million.

July transaction: SBB sells to Höganäs Municipality for SEK 104 million

Sweden Sweden — In July, SBB entered into an agreement to sell four properties in Höganäs to Höganäs Municipality.
Maria Wetterstrand, CEO Milton Europe.

Maria Wetterstrand on the property industry: "I'm tired of good examples"

Sweden Sweden — Maria Wetterstrand, CEO of Milton Europe and former spokesperson for the Swedish Green Party, spoke at the Capital Market Days in Båstad earlier in July. Her speech contained some praise for the industry, but mostly criticism: "The transition to a green and sustainable real estate industry must speed up."
David Mindus, CEO of Sagax.

July transaction: Sagax invests SEK 760 million in Spain

Sweden Sweden — On July 25 Sagax acquired a portfolio of 19 properties in Spain for the equivalent of SEK 760 million.
SBB.

S&P lowers SBB's long-term credit rating to CCC+ with negative outlook

Sweden Sweden — On Friday, S&P lowered SBB's long-term credit rating to CCC+ from BB- with a negative outlook.
The largest deals in the Nordics, during the first six months of 2023.

Here are the Nordic top transactions in H1 2023

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in the first half of 2023.