Rutger Arnhult, CEO of Corem.

Corem divests a property in Linköping

Sweden Sweden — Corem has signed an agreement for the divestment of the property Paletten 1 in Linköping at an underlying property value of SEK 114 million (approximately EUR 10.4 million), which is in line with the book value.
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”
Erika Olsén.

"The fundamental housing shortage is a national concern"

Sweden Sweden — When the market for housing developers is at its most challenging, Areim chooses to step in and buy the remaining shares in the housing developer Magnolia Bostad from Holmströmgruppen and Holmström Fastigheter. Erika Olsén, Partner, Investments at Areim, tells Nordic Property News about the decision, the market situation for housing developers and where the focus will lie going forward.
Northern Horizon acquires care home under development for people with autism.

Northern Horizon acquires in Kuopio

Finland Finland — Through its Aged Care IV fund, Northern Horizon has entered into an agreement to acquire a new purpose-built care home for people with autism. The care home is located on the lakeside in the city center of Kuopio, the largest city in Eastern Finland.
Joakim Hedin.

Founder of Bockasjö: "I've never been better than I am now"

Sweden Sweden — 20 years after Joakim Hedin helped start Bockasjö, he has made the decision to sell the company to Catena in a deal worth just under half a billion SEK. For Nordic Property News, he talks about the road to the big agreement, how he feels that the logistics market has changed in recent decades and what his continued investments will look like when the Bockasjö era ends in October.
Rutger Arnhult, CEO of Corem.

Corem divests two properties in Linköping

Sweden Sweden — Corem has signed an agreement for the divestment of two properties in Linköping at an underlying property value of SEK 240 million.
Peab.

Peab to create residential units and health care center for Stångåstaden

Sweden Sweden — Peab has been commissioned to build 176 apartments, a health care center and other premises in Linköping. The customer is AB Stångåstaden and the contract is worth SEK 346 million.
Matilda Vinje.

Matilda Vinje new CEO of Schage Eiendom: "The company is in an exciting phase"

Norway Norway — Schage Eiendom has appointed Matilda Vinje as new CEO. She tells Nordic Property News what attracted her about joining Schage, the plans for the company and shares her view of the real estate market.
Solna Business Park.

Fabege secures new tenant in Solna Business Park

Sweden Sweden — Fabege and Miele have signed a lease for just over 1,600 sqm in the Smeden 1 office property in Solna Business Park. The lease is for 8 years and occupancy is scheduled for 15 April 2024.
Nordika makes acquisition from M2 Asset Management.

Nordika acquires from M2 Asset Management

Sweden Sweden — Nordika acquires education property in Kista, Stockholm from M2 Asset Management.
Henrik Ibsens gate 53-1.

The Tvenge family has purchased two of Oslo's most iconic properties

Norway Norway — The Tvenge family has, through the Fram Eiendom companies Titas Eiendom AS and Fram Realinvest AS, acquired two of Oslo's most iconic properties located at Henrik Ibsens gate 53 and Inkognitogata 34, with a gross property value of NOK 425 million (EUR 36.7 million). Both properties were sold by Nordea Liv Eiendom AS, a wholly-owned subsidiary of Nordea Liv Norge AS.
Peter Michael Tetzlaff in front of E20 Park in Copenhagen. The image is a montage.

Verdion to triple its platform in the Nordics over the next five years

Nordic — Peter Michael Tetzlaff, Head of Investment, Nordics, at Verdion tells Nordic Property News about the Nordic recruitment, speculatively development of logistics in Sweden, and the expansion plans in the Nordic region.
Rutger Arnhult, CEO of Corem.

Arnhult: "Corem probably needs to sell for another SEK 4–5 billion"

Sweden Sweden — Rutger Arnhult has been given a new lease of life since he returned to Corem as the new CEO in mid-June. In an out spoken interview with Nordic Property News he talks about what Corem's continued transactional work will look like, why the office market is not at all "stone dead" and he also gives a sober analysis of the low interest rates that created the bond problem that many real estate companies are now grappling with.
SLP.

SLP extends lease agreement and builds in Malmö

Sweden Sweden — SLP extends lease agreement with Inission Syd and builds an extension to existing space. The new lease, which is fully indexed, runs over 10 years with an annual rent of SEK 5m.
Fredrik Jagersjö Rosell, CEO Panattoni Sweden.

Panattoni establishes itself in Gothenburg – will continue expansion in strategic locations

Sweden Sweden — Panattoni has acquired a property from Företagsparken with the possibility of building a logistics facility of approx. 14,300 square meters. Through the purchase, Panattoni strengthens its establishment in the Gothenburg region. Nordic Property News had a chat with Panattoni's Sweden CEO, Fredrik Jagersjö Rosell, about the investment and the plans going forward.

KKR and Mirastar enter Sweden – acquire last-mile logistics property

Sweden Sweden — KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality last-mile logistics property in Stockholm. This off-market acquisition is the first in Sweden for KKR and Mirastar.
Klædemålet 9.

Wihlborgs adds office building to Copenhagen portfolio

Denmark Denmark — Wihlborgs has acquired the Klædemålet 9, København Ø property, of 3 900 sqm, which is located adjacent to Wihlborg’s existing properties Lersø Parkallé 103-105 and 107.
Patrik Essehorn.

New capital-strong owner in place – this is the next step for Klövern

Sweden Sweden — Nrep are the capital-strong owners that Klövern sought after a tough start when, among other things, Corem was in a process of shedding off the housing segment, according to chairman Patrik Essehorn. At the same time, Corem, as one of the major owners, has been hit hard by extensive borrowing and high interest rates. Rutger Arnhult, Corem's CEO since a few weeks ago, tells Nordic Property News that Klövern will now be able to accelerate much faster than the company would otherwise have been able to do.
Catena accelerates its project capacity through the acquisition of Bockasjö.

Catena acquires Bockasjö

Sweden Sweden — Catena has signed an agreement to acquire Bockasjö AB, one of Sweden’s most successful developers in the logistics property segment. In connection with the deal, which will close in October 2023, Catena will issue new shares as part of the purchase price.
Already this year, Klövern should now be able to start building 800 apartments in Kista, says Rickard Langerfors, head of housing at Nrep.

Nrep wants to change the industry through the purchase of Klövern

Sweden Sweden — Nrep flexes its muscles in the housing market by buying 51 percent of Klövern for SEK 2.5 billion. Now Nrep wants to turn the tide that housing construction has found itself in by making Klövern one of the largest housing companies in Sweden, Nrep's head of housing Rickard Langerfors says to Nordic Property News.
Avicii Arena, formerly known as Stockholm Globe Arena.

Avicii Arena to be renovated by NCC

Sweden Sweden — NCC is to renovate and modernize Avicii Arena, Stockholm Globe Arena, in Stockholm. The assignment is a turnkey contract in partnering form with Stockholm Globe Arena Fastigheter AB (SGA Fastigheter), which is wholly owned by the City of Stockholm. The order value is approximately SEK 700 million.

Corem divests two properties in Sigtuna and Kalmar

Sweden Sweden — In two separate deals, Corem has signed agreements for the sale of two properties at an underlying property value of SEK 164 million (EUR 14.9 million), which is in line with book value.
This is how the nordic real estate companies performed on the stock exchange during the month of June.

Mixed fortunes in June for Nordic real estate stocks

Nordic — June was a mixed month for the Nordic listed real estate companies, although it was more red than green. Here Nordic Property News presents a list of the companies' performance on the stock exchange during the sixth month of the year.
Eskilstuna logistikpark.

Logicenters acquires major logistics portfolio

Sweden Sweden — Bockasjö, Kilenkrysset and Kilenkrysset Sweden are selling five properties with a total leasable area of approximately 120,000 square meters and land of 16,000 square meters at an underlying property value of just over 2 billion SEK to Logicenters.
Rune Kock, CEO of Nrep, and Rutger Arnhult, CEO of Corem.

Nrep becomes the new main owner in Klövern – invests EUR 550 million

Sweden Sweden — Corem Property Group, Alm Equity and Broskeppet Bostad, which together own the housing company Klövern, have today agreed with the property investor Nrep on the sale of 51 percent of the shares in Klövern for approximately SEK 2.5 billion, including a dividend. NREP also undertakes to invest a further total of approximately SEK 4 billion in Klövern over time, through directed share issues.
Linus Nilsson, Sofia Folstad, Leiv Synnes, Erik Toivanen and Rutger Arnhult.

Nordic Top Recruitments in Q2

Nordic — As several top positions on the Nordic real estate market has gotten filled, Nordic Property News takes a closer look at the hottest Nordic recruitments in Q2.