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.
TOP 4 Nordic
Johan Gyllberg.
Nordic Nordic —
Global hotel giant heads to Kvarnholmen in 20-year deal
The deteriorating outlook is being driven by a combination of stricter climate regulations, growing pressure from capital markets and increasing tenant demand for sustainable premises.
Nordic Nordic —
German investors warn of energy crisis in property portfolios as technology emerges as lifeline
Carl-Adam von Schéele.
Nordic Nordic —
Urban Partners launches first-of-its-kind fund to accelerate urban regeneration
Housing is singled out as the single most important factor behind the differences between European capitals. For families who rent, housing costs are by far the largest expense item (the people in the image have nothing to do with the text).
Nordic Nordic —
Stockholm among Europe’s most affordable capitals despite high housing costs
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.
Eva Landén, CEO of Corem.

Corem divests two properties in Gothenburg

Sweden Sweden — Corem has signed an agreement to divest two properties in the Gothenburg area at an underlying property value of SEK 111 million (approximately EUR 10 million), which is in line with book value.

The Highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in Q1 2023.
Katri Harra-Salonen.

Kojamo's CDO to Leave the Company

Finland Finland — Katri Harra-Salonen, a member of Kojamo's management team since 2020, has resigned and will be leaving her current position as CDO (Chief Digital Officer) at Kojamo.
Therese Norling.

Areim Looks to Drive Green Transition within Datacenters

Nordic — Areim invests in data centers and closes a new fund with SEK 5 billion (approximately EUR 456M) in capital. Therese Norling, Fund Manager at Areim, tells Nordic Property News about the investment, the goals for Eco Data Centers, green transition and about investing in the segment during the current energy situation.
Bonava.

Bonava Makes New Attempt to Divest Russian Subsidiaries

Nordic — Bonava intends to divest its subsidiaries in St. Petersburg, and has reached an agreement with buyer RBI Group. Completion of the divestment is contingent on approval from authorities.
Amid the crisis in SBB, the Sweden's Ministry of Finance has made calls to major institiutinons to inquire about the interest in buying community properties, according to DI.

The Swedish Government Looks for Buyer of Community Properties

Sweden Sweden — Sweden's Ministry of Finance has recently made calls to large investors and inquired about their interest in buying community properties. This is stated by sources for Dagens industri. This at the same time as SBB, major owner of community properties, finds itself in crisis.