SLP.

SLP Extends Lease with Veolia in Malmö

Sweden Sweden — SLP has extended a lease with Veolia by three years regarding the property Eskilstorp 14:97 in Malmö.
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”

Nordic Top Sellers in Q1

Nordic — Nordic Property News presents a list of the top sellers among the listed Nordic real estate companies in Q1 2023.
The hotel property in Borlänge.

Diös Divests Hotel Property

Sweden Sweden — Diös is selling a hotel property in Borlänge with a lettable area of 14,000 sqm, an annual rental value of SEK 13m and an economic letting rate of 98 per cent.
Per Olofsson and Gallerian in Stockholm. The image is a montage.

Swedish Pension Giant AP7 to Make Acquisitions for EUR 6.3–7.4 billion

Sweden Sweden — Swedish pension giant AP7 has stepped into the property industry through a major deal with AMF. After acquiring 33 percent, equivalent to SEK 7.4 billion (approximately EUR 674M), of a JV company that owns the Urban Escape block, Per Olofsson, acting Head of Asset Management at AP7, tells Nordic Property News about the big investment, the company wants to invest going forward, what type of partners AP7 sees itself working with, what kind of properties are of interest and about expanding abroad.
Mineralvattenfabriken.

Atrium Ljungberg Signs Lease Contract in Hagastaden

Sweden Sweden — Atrium Ljungberg has signed a lease contract with MTR Nordic, which is moving its office to Mineralvattenfabriken in Hagastaden. The contract comprises more than 2,500 sqm in this historical building.
The Nordic top sellers and buyers during the first quarter of 2023.

The Nordic Top Buyers of Q1

Nordic — The fingers holding the wallets whitened noticeably at the knuckles during the first quarter of 2023, a partial year that can be described as continued waiting with great caution in both buying and selling. But there were some acquisitions and disposals, and Nordic Property News has the list of the top buyers during the period.
The property in Takomo Base.

Nordika Signs Lease Agreements in Helsinki

Finland Finland — Nordika has signed five new lease agreements in the Takomo Base, located in Pitäjänmäki, Helsinki.
CEO Sonja Horn and CFO Anders Olstad.

Entra Discussing Divestment Target after Credit Downgrade

Norway Norway — Yesterday Entra's credit rating was lowered by Moody's by one step from Baa1 to Baa2. The new rating also has a negative outlook, similar to the previous one. Entra's CFO Anders Olstad tells Nordic Property News that the downgrade has resulted in the company discussing its divestment target.
The Ericsson office in Gothenburg.

Atrium Ljungberg Extends Lease Contract with Ericsson in Gothenburg

Sweden Sweden — Atrium Ljungberg has extended its lease contract with Ericsson in Gothenburg, comprising more than 37,000 sqm in Lindholmen.
Richard Gröttheim, CEO of AP7, Thomas Erséus, CEO of AMF Fastigheter, and Katarina Romberg, Chair of the Board at AMF Fastigheter and Head of Alternative Investments at AMF.

Blockbuster Transaction in Stockholm: AMF and AP7 Form a JV Company

Sweden Sweden — AP7 and the occupational pensions company AMF form a joint venture company that will become owner of the Urban Escape city block in central Stockholm. AP7 will own one third of the new joint company.
Joacim Sjöberg.

Castellum Announces Divestments of SEK 2.3 Billion

Sweden Sweden — Castellum is divesting two properties to its tenant, Axis Communications, In addition, 18 smaller properties were divested during the year. The total sale prices is SEK 2.3 billion.
Entra.

Entra Downgraded by Moody's with Negative Outlook

Norway Norway — Entra's credit rating is lowered by Moody's by one step from Baa1 to Baa2. The new rating also has a negative outlook, similar to the previous one. The company's share price dropped during early trading.
Linus Nilsson.

Pictet: Here Are the Best Opportunities in the Nordics

Nordic — Pictet sharpens its team in the Nordic markets through the recruitment of Linus Nilsson. The new Head of Nordics tells Nordic Property News what attracted him to Pictet, how he views the company's position in the Nordics and where he sees the best growth opportunities in the Nordic markets.
Ulf Jonsson.

Zengun's Co-Founder Ulf Jonsson Elected New Chairman

Sweden Sweden — Ulf Jonsson succeeds Jan Örnevik, who after many years as Chairman of Zengun Group and Zengun, has chosen to wind down his commitments and step down from the Board of Directors.
The top transactions in the Nordics in April.

April 2023: The Nordic Top Transactions

Nordic — Nordic Property News lists the largest transactions in the Nordics during April, 2023.
Wihlborgs.

Wihlborgs Signs Long Lease with Region Skåne

Sweden Sweden — Wihlborgs is set to construct a warehouse for Region Skåne in the Malmö area with occupancy in early 2025. The lease term is 20 years.
Partner leaves NREP after 16 years.

Partner Leaves NREP

Finland Finland — Bids farewell to the company after 16 years.
Ilija Batljan, CEO of SBB Norden.

SBB Sells Shares in JM for SEK 2.8 billion

Sweden Sweden — SBB has sold 19 million shares in JM to Swedish and international investors. The transaction represents approximately 29.5 percent of the outstanding shares and votes in JM and was priced at SEK 148.10 per share, resulting in a total purchase price of approximately SEK 2.8 billion. The price per share corresponds to the closing share price in JM on Nasdaq Stockholm on 11 May 2023.
Essi Nikitin.

Essi Nikitin Appointed Vice President, Investor Relations of YIT

Finland Finland — Essi Nikitin has been appointed Vice President, Investor Relations of YIT Corporation as of 4 August, 2023.
Erik Selin, CEO of Balder.

Erik Selin: "Buying Entra Is too Dangerous Right Now"

Nordic — Balder has no plans to change its ownership in Entra, and CEO Erik Selin sees it as too dangerous to buy up the entire company, although he believes that the company's stock is "extremely cheap" right now. Here he also tells how he sees the future of the company's rating from S&P, which in 2022 wrote down the outlook for the company's BBB rating to negative.

Austrian Investor Strengthens Presence in the Nordics

Nordic — Creates a residential project in attractive metropolitan area.
Laura Laamanen.

Sato Appoints Chief Commercial Officer

Finland Finland — Laura Laamanen, MA, has been appointed Chief Commercial Officer and member of the Corporate Management Group at SATO Corporation effective 11 May 2023. Laamanen has been Director, Marketing and Communications at SATO since 2021.

Lindu Ejendomme Acquires Warehouse Outside Copenhagen

Denmark Denmark — Lindu Ejendomme, founded by Pictet Alternative Advisors and Brunswick Real Estate acquires Vassingerodvej 84, a 5,200 sqm warehouse in Lynge, 6 km north of Copenhagen.
Ylva Sarby Westman is the CEO of the new residential company Neobo.

Share Price Cut in Half – Here Is How Neobo Will Convince the Market Now

Sweden Sweden — SBB's housing spin-off Neobo has seen its share price halved since the listing on February 10, from SEK 16 down to around SEK 8. On Wednesday, the company submitted its first quarterly report since the separation from SBB and Nordic Property News got an interview with the company's CEO Ylva Sarby Westman. Among other things, she talks about the upcoming measures to strengthen the company, the views on the transaction market and how to succeed in convincing the market of the company's strengths.
Geveran Trading becomes the second largest owner in Fabege.

John Fredriksen's Geveran Trading Becomes Second Largest Owner in Fabege

Nordic — Geveran Trading has increased its holding in Fabege to 5.02 percent of the capital and votes in the company. Fabege has had no contact with Geveran regarding the investment, says the finance director.