Frida Carlsson, valuer and analyst at Cushman & Wakefield, on the challenges of converting offices into housing.

The Challenges in Converting Offices to Residential

Sweden Sweden — In the United States, there is talk of a "golden ticket" in the real estate market – that is to succeed in finding a vacant office building that can be converted into housing that can provide a lucrative future. The Swedish market hasn't really come that far, but with increasing vacancies in above all the older stock, one can ask – when will it be profitable to convert vacant office space into housing? Nordic Property News enlists the help of Cushman & Wakefield's valuer and analyst Frida Carlsson to dig into that and other issues surrounding office conversions.
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”
Victor Persson, CEO of Doxa, and Ola Serneke, founder of Serneke and CEO of Serneke Invest.

Doxa Makes Public Offer for Serneke

Sweden Sweden — Doxa has made an offer for all the series B shares in Serneke. The board of directors of Serneke unanimously recommends the shareholders of Serneke to accept the public offer made by Doxa.
Christian Kielgast.

"Buyers Are Becoming Very Active and We Expect Activity to Pick Up"

Nordic — Nordic Hotel Consulting recently announced its expansion in Stockholm. CEO Christian Kielgast tells Nordic Property News about NHC’s goals for the Swedish market, the affects of the pandemic on the hotel market and why activity could rise on the hotel transaction market.

Catena Builds a New Logistics Facility in Jönköping

Sweden Sweden — Catena is building a new 33,000 sqm logistics facility in Jönköping, with a total investment of SEK 379 million. A lease agreement has been signed with Nowaste Logistics.

Amaron Acquires in Malmö

Sweden Sweden — Amaron Real Estate acquires the property Vägstekeln 1 in Malmö municipality.
Nordic Property News maps the Swedish securities funds' holdings in the Nordic listed real estate companies in 2022.

The Swedish Funds' Real Estate Favorites

Nordic — Nordic Property News lists the Swedish securities funds' holdings in the Nordic listed real estate companies in 2022. How many funds that own, how much they own – and the funds that sit most heavily in the companies.

The Supreme Administrative Court Rejects JM Application

Sweden Sweden — The Supreme Administrative Court announced on April 21, 2023, that it does not intend to hear the case between JM and Finansinspektionen with regard to JM’s annual report for 2017.
Lehto has signed an agreement to build Finnish headquarters and sizeable warehouses for power tool manufacturer Makita.

Lehto Gets Construction Assignment in Tuusula

Finland Finland — Lehto has signed an agreement to build Finnish headquarters and sizeable warehouses for power tool manufacturer Makita in Rykmentinpuisto area in Tuusula.
Skanska.

Skanska Takes over YIT Project in Helsinki

Finland Finland — Skanska chosen as the new developer of the high-rise project in Pasila, Helsinki.
The preference shares with the highest yields on the stock exchange.

Here Are 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?
Peter Strand, CEO of SLP, and Stina Lindh Hök, CEO of Nyfosa.

SLP and Nyfosa in Big Transaction

Sweden Sweden — Swedish Logistic Property has acquired and taken possession of four properties with a total lettable area of 48,610 sqm. The agreed property value amounts to 455 MSEK and the annual rent amounts to 30.2 MSEK.
Knut Pousette.

Företagsparken's Nordic Expansion Plans

Nordic — The Swedish real estate profile Knut Pousette on why he stepped down from the CEO chair at Fastator, his engagement in Företagsparken, and where the light industrial company will focus its Nordic investments, going forward.

YIT Downplays 2023 Expectations on the Housing Market

Finland Finland — YIT lowers its guidance for the full-year 2023 due to weaker-than-expected housing market and provides preliminary financial information for its first quarter 2023.
David Mindus, CEO of Sagax.

Sagax Closes Spanish Divestment

Sweden Sweden — Sagax has divested 36 properties in Spain in accordance with what was announced on 20 December, last year.
Christian Lindberg.

K2A on the Major Deal: "Sometimes You Have to Rethink Your Strategy"

Sweden Sweden — After the SEK billion deal between K2A and Savills IM, Nordic Property News spoke with Christian Lindberg, vice president at K2A, about why this was the best option right now for the company and whether the future holds more sales.
Johan Knaust, CEO of K2A.

K2A Divests Portfolio for SEK 1.1 Billion

Sweden Sweden — K2A Knaust & Andersson Fastigheter has completed a sale of six properties with an underlying property value of SEK 1,095 million. The buyer is Savills Investment Management.
Jussi Rouhento.

Catella Asset Management's Managing Director Joins Northern Horizon

Finland Finland — Jussi Rouhento will rejoin Northern Horizon as the Fund Manager and Managing Director in Finland as of 1 July 2023.
Fabian Søbak, CEO of Self Storage Group.

SSG Buys a Land Plot in Ålesund

Norway Norway — Self Storage Group has entered into an agreement to acquire a land plot at Emblem in Ålesund. The transaction has a value of NOK 9 million and the land plot has a gross area of 3,390 sqm.
Thorsten Slytå, Managing Director and Head of Nordic Real Estate at BlackRock.

The Global Giant BlackRock’s Nordic Investment Focus

Nordic — Exclusive for Nordic Property News: Thorsten Slytå, Managing Director and Head of Nordic Real Estate, shares his thoughts on the Nordic market, which country they focus on now, why he enjoys working for BlackRock, and why the Nordics is a “very important market” for the investor.
Peter Broström om Savills IM on the major deal with K2A.

The New Strategy Behind Savills IM:s Major Deal

Sweden Sweden — The billion-dollar deal with K2A is the largest purchase in Sweden that Savills IM has made in almost a decade. For Nordic Property News, Peter Broström, responsible for Nordic operations within Savills IM, talks about the background to the giant deal, the new strategy and what type of deals they continue to look for.
Fund giant wins ground clearance in competition with heavyweights.

Fund Giant Wins Land Permit in Competition with Heavyweights

Sweden Sweden — NREP's logistics company Logicenters has drawn the longest straw in a tender competition for an extensive food warehouse in Torslanda in Gothenburg. Nordic Property News tells more about the details of the venture and the tough competitors they managed to beat.
Henrik Saxborn, former CEO of Castellum, is involved in launching a new foundation to create a better Gothenburg.

Saxborn co-starts New Foundation in Gothenburg

Sweden Sweden — The former CEO of Castellum continues to to deepen his social commitment and is now involved in starting a new foundation to create a better Gothenburg. He is part of a well-known trio that also consists of former Säpo chief Klas Friberg and Majblomman's former general secretary Tove Lindhahl Greve. Henrik Saxborn tells Nordic Property News more about the new initiative and what he hopes they will achieve.
Peab.

Peab to Renovate Residential Units in Helsinki

Finland Finland — Peab has been commissioned to carry out an extensive renovation of rental apartments for Helsingin kaupungin asunnot Oy (HEKA) in Herttoniemi in Helsinki. The contract is worth EUR 18 million.

NREP Makes Portfolio Acquisition from S-Bank

Finland Finland — A residential property fund S-Bank Housing non-UCITS Fund, managed by S-Bank Fund Management Ltd has sold three residential properties to NREP.
Pål Ahlsén.

Former Akelius CEO Elected Chairman of the Board

Sweden Sweden — At yesterday's annual general meeting of Akelius Residential Property resolutions were taken for inter alia payment of dividends, amendment of the articles of association and authorization to resolve upon new issue of class A ordinary shares. And a familiar face as new chairman.