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Fredrik Salman.

Verdion Appoints New Investment Manager in the Nordics

Nordic — Pan-European logistics real estate specialist Verdion has strengthened its Nordics business with the appointment of Fredrik Salman as Investment Manager – Nordics.
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
Rikke Lykke.

DEAS Group Makes Large Energy Investment

Denmark Denmark — DEAS Group has invested a double-digit million DKK amount in the company IQ Energy Nordic. The company holds the exclusive Nordic vendor rights to the Energy Management System Eniscope.
The Norwegian oil fund sold almost its entire holdings in SBB during 2022.

The Norwegian Oil Fund Has Divested Almost Everything in SBB

Sweden Sweden — Nordic Property News has mapped the Norwegian oil fund's holdings in Swedish listed real estate companies during 2022, and one find is that the fund sold almost its entire holding in SBB last year, a holding that was worth NOK 1.6 billion when 2022 started. Here you can read about how the ownership has changed in other property companies compared to 2021 and see which new companies the fund has holdings in as of 2022.
Park central.

NCC and Jernhusen Create JV for Gothenburg Project

Sweden Sweden — NCC and Jernhusen form joint venture company for Park Central in Gothenburg.
Kestutis Sasnauskas, CEO of Eastnine.

Previously Announced Eastnine Divestment Terminated

Sweden Sweden — The agreement regarding sale of Eastnine’s holding in MFG to Sistema PJSFC is terminated. Eastnine will continue to seek an exit from its investment and is in dialogue with potential buyers.
Senate Properties and SOK divested a 15,535 sqm office and logistics property to a private investor in Kuopio.

Senate Properties Divests Property in Kuopio

Finland Finland — Senate Properties and SOK divested a 15,535 sqm office and logistics property to a private investor in Kuopio. The buyer will develop the property and continue to offer it for rental use.
The largest deals in the Nordics, during February.

February 2023: The Nordic Top Transactions

Nordic — Nordic Property News lists the largest transactions in the Nordics during February, 2023.
Niam to develop tallest office high rise in Finland.

Niam Acquires Office Project – Will Create Finland’s Tallest Office Tower

Finland Finland — Niam has entered into an agreement to acquire a development project called Kalasataman Horisontti from listed construction company SRV. The 11,700 sqm project will – once completed – include Finland’s tallest office tower spanning 111 meters over 26 floors.
NCC to construct swim center in Oulu.

NCC Constructs Swim Center in Oulu

Finland Finland — NCC has been commissioned by Oulun Tilapalvelut to construct Linnanmaa swim center in Oulu. The project is a construction contract and the order value is approximately SEK 190 million.
The preference shares with the highest yields on the stock exchange.

The Nordic Preference Shares with the Highest Dividend Yields

Nordic — Nordic Property News has listed the Nordic real estate companies’ preferred stocks. Which stock provides the highest yield and which stock has had the best development during 2023?
Henrik Saxborn, Biljana Pehrsson, Ylva Sarby Westman and Rutger Arnhult.

The Costs of Castellum's Management Changes

Sweden Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.
Skanska.

Skanska Gets Expansion Assignment in Ylöjärvi

Finland Finland — Skanska will build a new Prisma in Ylöjärvi.

Corum Acquires Office Property from Antilooppi

Finland Finland — Antilooppi sells Takkatie 1 office property to Corum. The property is situated in Pitäjänmäki submarket, close to commuter train station.
Balders CFO Ewa Wassberg and Handelsbankens analyst Johan Edberg on Balders rating downgrade.

Share Price Drop for Balder After Rating Blow: "Creates an Uncertainty"

Sweden Sweden — On Wednesday, Balder received a lowered credit rating from the rating institute Moody's, to Ba1 from previously Baa3, while the outlook for the rating is considered stable. The announcement caused Balder to fall five percent on the stock market and took many other real estate companies with it in the decline. Handelsbanken's analyst Johan Edberg tells Nordic Property News that the rating announcement was expected but that it has a signal value and can create long-term uncertainty around Balder. Balder on the other hand believe that Moody's report contains "factual deficiencies".
Rollco facility at Snårskogen 5.

Wihlborgs Builds Facility for Industrial Company in Helsingborg

Sweden Sweden — Wihlborgs has signed an agreement with the industrial company Rollco for construction of a new 3,600 m² facility at Snårskogen 5 in Väla Norra. The facility is set for completion in summer 2024 with an initial ten-year lease.
Veidekke changes its organisation in Bergen.

Veidekke Makes Management Changes

Norway Norway — Thor Småbrekke will be taking over from Erlend Bygness as the Regional Manager of Veidekke Bygg Bergen on 1 March.
Per W. Hallgren, CEO of Jeudan.

Jeudan Stands Strong in Challenging Times: “A Net Buyer in Copenhagen”

Denmark Denmark — Per W. Hallgren, CEO of Jeudan, on the 2022 results, the upcoming challenges on the market, and future investment targets.
Liia Nõu, CEO of Pandox.

Pandox Acquires Stockholm Hotel for SEK 400 Million

Sweden Sweden — Pandox has acquired and gained access to Best Western Hotel Fridhemsplan in central Stockholm. The hotel property has 221 rooms and is operated under a fixed lease with a private operator.
Entra.

Entra Divests Property in Drammen

Norway Norway — Entra has sold the property Grønland 32 in Drammen for NOK 335 million, which is approximately 18 percent above book values.
Balder.

Moody's Downgrades Balder's Senior Unsecured Ratings

Sweden Sweden — Moody's Investors Service has assigned a new long term corporate family rating (CFR) of Ba1 to Balder and subsequently downgraded its senior unsecured bond ratings to Ba1 from Baa3 as well as its junior subordinated notes rating to Ba3 from Ba2.
Which companies are the winners and which are the losers on the stock market in December?

February Struggle for Nordic Real Estate Stocks

Nordic — After a strong January, there was a rebound in the negative direction in February for the listed part of the nordic real estate sector, only eight companies saw their share price improve during the month. Here, Nordic Property News presents a list of how the companies performed on the stock exchange during the second month of the year.

Mörndal Sees Brighter Times for M2

Sweden Sweden — "The main drop in value has already been taken and we will be stronger in a year's time," M2's CEO Jakob Mörndal tells Nordic Property News.

Updated list: Largest Shareholders in the Nordic Companies

Nordic — Corem recently sold its entire holding in Castellum, and Nordic Property News has therefore taken a closer look at who the biggest shareholders are in the listed industry giants. Here is the full list.
Michael Berglin, CEO of Serneke.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.
Granelundsskolan.

NCC to Build New School in Tranås

Sweden Sweden — NCC is to construct the new Granelund school in Tranås together with AB Tranåsbostäder. The school will have space for 600 pupils up to sixth year. The project is a turnkey contract in partnering form with an order value of approximately SEK 250 million.