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.
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”
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.
Tokmanni to open a new store in Pälkäne.

Tokmanni to open a new store in Pälkäne

Finland Finland — Tokmanni has acquired a plot of land on Tervapirtintie in Pälkäne and signed a contract for the construction of a new store building on that particular plot, which is located in the immediate vicinity of 12 and Taukopaikka Aapiskukko service station.
Fabege welcomes Coor’s head office to Haga Norra.

Fabege welcomes Coor’s head office to Haga Norra

Sweden Sweden — Fabege has signed three lease agreements with Coor covering a total of approximately 4,500 square metres in the Kvarter 1 office project (Ackordet 1 property). Coor has also been given the task of providing service and comfort functions to tenants and visitors.

The companies with the lowest ICRs in the Nordics

Nordic — Nordic Property News presents a list over the Nordic listed companies with the lowest Interest Coverage Ratios for Q1 2023.
Peter Winther, Executive Director and Head of Capital Markets at Colliers Denmark, and Nyhavn, Copenhagen.

Colliers' expert: Danish companies are waiting for Swedish sales

Denmark Denmark — In Denmark the money is waiting to be spent on real estate, and many local investors on the market are hoping that the Swedish companies that own real estate in Denmark will start selling. Colliers Denmark's partner Peter Winther spoke of this during the advisor's latest Nordic Outlook, which was presented earlier this week. Nordic Property News gives you the picture of the Danish real estate market at the moment and the moves going forward.
Grustaget 1.

Wihlborgs adds building to warehouse property

Sweden Sweden — At the Grustaget 1 property in Väla södra, Wihlborgs is constructing a new building of 1,300 square metres for the machine rental company Renta, which is currently co-locating its operations in Helsingborg. The lease is for seven years.

Heimstaden appoints Head of Corporate Finance

Nordic — Rutger Kaeding starts 1 July as Head of Corporate Finance to lead an experienced team of 21 colleagues across Heimstaden’s markets.
NREP acquires from Vectura.

NREP acquires EUR 420 million Swedish care home portfolio

Sweden Sweden — NREP has announced that its NREP NSF V Fund has completed the acquisition of a portfolio of 22 properties for approximately EUR 420 million across Sweden, for management by its social infrastructure platform Altura. The portfolio was acquired from Vectura and is comprised of 20 care homes and two pre-schools, and the deal represents Sweden’s largest ever transaction in this asset class.
Leiv Synnes and Ilija Batljan.

Leiv Synnes replaces Ilija Batljan as CEO of SBB

Nordic — SBB replaces Ilija Batljan as CEO. Leiv Synnes, current CFO and Deputy CEO at Akelius, takes the helm at the company.
May was a gloomy and pitch-black month for the listed nordic real estate companies, where crisis-hit SBB fell wildly and lost 70 percent in value.

SBB slaughtered on the stock market in May

Nordic — May was a gloomy and pitch-black month for the listed nordic real estate companies, where crisis-hit SBB fell wildly and lost 70 percent in value. Nordic Property News presents a list of the companies' losses on the stock exchange during the fifth month of the year.

Partner leaves Slättö

Nordic — Partner leaves management position and bids farewell to Slättö after just under four years.

Resinova makes acquisition from John Mattson

Sweden Sweden — John Mattson has reached an agreement on the sale of the property Tryckregulatorn 1 on Lidingö. The purchase price is based on an underlying property value of SEK 525 million (approximately EUR 48 million) before deduction for deferred tax. The buyer is Resinova Bostads AB.
Europi JV makes sale-and-leaseback deal with Siemens.

Europi JV buys in Barcelona

Sweden Sweden — The joint venture between Swedish real estate company Europi Property Group, the Arié Family Office and Kefren Capital Real Estate has acquired its second office building in Barcelona.