Mikael Söderlundh, head of research at Colliers.

Weakest Q1 in a Decade – Dramatic Drop in Transaction Volumes

Nordic — Q1 2023 is the weakest first quarter in the transaction market in a decade, new figures from the adviser Colliers show. The recovery forecast will now probably have to be pushed forward to the autumn, says head of analysis Mikael Söderlundh in an interview with Nordic Property News, where he also comments on the dramatic drop in volume, how discussions are going on the market and why property values will probably have to be written down even more in the upcoming Q1 reports.
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”
Prisma CEO, Fredrik Mässing.

Prisma Takes on the Nordic Low-price Segment

Nordic — In Sweden the only type of store segment that has increased in recent years is discount stores. Despite that, until now there has not been a company that has focused solely on that segment. This is what Fredrik Mässing, new CEO of the newly formed company Prisma see as an advantage. "We have large growth plans in the coming years, both in existing acquisitions and through the development of new locations".
The court building in Borås.

Vacse Acquires Court Building in Borås

Sweden Sweden — Skanska divests the new Borås district court building to Vacse for about SEK 320M. The transaction will be recorded by Skanska commercial property development in the second quarter of 2023.
Stein Ivar Hellestad.

Stein Ivar Hellestad Appointed New Business Unit President for Skanska Norway

Norway Norway — Skanska has appointed Stein Ivar Hellestad as new Business Unit President for Skanska Norway. Stein Ivar Hellestad steps into his new position with immediate effect.
Malin Silversvala and Thomas Malmberg.

Savills Appoints Duo to Lead the Property Management Team

Sweden Sweden — As of June 2023, Thomas Malmberg will become the new Head of Property Management for Savills Sweden and Malin Silversvala will lead business development in a new role in the management team.
Patrik Kallenvret.

CBRE's Expectations on the Transaction Volume for 2023

Nordic — Patrik Kallenvret, Head of Capital Markets Nordics, CBRE: "There are reasons to be more optimistic now."
Carl Balcer, property director for Lidl in Sweden.

Lidl's Property Director on the Future Expansion Plans

Sweden Sweden — With inflation continuing to rise in Sweden, Lidl is especially in the limelight after it was the first among the food chains in Sweden to lower the prices of a number of items from the assortment. In an exclusive interview with Nordic Property News, property director Carl Balcer talks about how the chain works with its store concepts, how it has prepared for greater customer pressure and what they are looking for in terms of locations in their quest to expand in the Swedish grocery market.

New Company Launched to Focused on Nordic Discount Retail

Nordic — Alma Property Partners has, together with the cooperation partners Mässing Properties, CT Development and P&E Fastighetspartner, formed a new property company focused on discount retail. Prisma Properties, launched with a property portfolio valued at approximately SEK 5.6 billion, has the ambition to become the leading property developer in the Nordic region and a long-term owner in segments such as discount and grocery stores and fast food restaurants. Prisma Properties has 15 ongoing projects and the company has ambitious growth plans for the coming years throughout the Nordics.
We Land.

Cargotec Moves to NCC's We Land Office Building in Helsinki

Finland Finland — NCC Property Development has signed a lease agreement with Cargotec, which will be moving its headquarters to the We Land office building, due to be completed next year in the Ruoholahti area of Helsinki. Cargotec plans to occupy about 2,000 square meters on We Land’s top floors.
The Property Sparven 5 in Borås.

Cernera Makes Borås Acquisitions

Sweden Sweden — Cernera Fastigheter has entered into an agreement for the acquisition of the properties Sparven 5 and Hasseln 10. Sparven is located in Villastan and contains a restaurant, offices and residences. Hasseln is an apartment building located in Parkstan.
Ilija Batljan, CEO of SBB Norden.

Increased Bonus for Batljan in 2022

Sweden Sweden — The CEO of SBB increased his basic salary last year and also received a bonus increase of almost 55 percent compared to 2021.
Logicenters will develop a state-of-the-art facility of 38,000 sqm in Tuusula, just north of Helsinki.

Logicenters Expands Presence Near Helsinki – Signs Development Agreement

Finland Finland — Logicenters will develop a state-of-the-art facility of 38,000 sqm in Tuusula, just north of Helsinki, for Alfaroc Logistics Oy. The property is expected to be ready in the third quarter of 2024.
Lars Angwald, incoming Chairman of the Board, Martin Svärd, Deputy CEO, and Oskar Malmén, incoming CEO.

Cernera's Development Plans after the Change in CEO

Sweden Sweden — Just like last year, Cernera is changing the management team – this time by naming Oskar Malmén as CEO of the company. The incoming CEO tells Nordic Property News about the change, how the company will be weighted going forward and which will be the most important parts during the remainder of 2023.
Green Storage acquires property in Rågsved, Stockholm City.

Nuveen Company Acquires Property in Stockholm

Sweden Sweden — Green Storage acquires property in Rågsved, Stockholm City. The facility is expected to open in the spring of 2024.
Skanska.

Skanska Gets Assignments in USA

Sweden Sweden — Skanska builds data center in Atlanta, USA, for USD 171M. Also, the company signs additional contract to expand hospital in Portland, Oregon, USA, for USD 111M, about SEK 1.2 billion.
This is how the listed nordic real estate companies performed on the stock market during March.

Another Tough Month for Nordic Real Estate Stocks

Nordic — A difficult February was followed by a tough March where property companies continued to fall heavily on the stock market – nearly all of the companies on the largest nordic lists lost value during the month. Here Nordic Property News presents a list of how the companies performed on the stock exchange during the third month of the year.
Rikke Lykke, CEO of DEAS Group.

Deas Acquires Korkia’s Ground Rent Fund Business

Finland Finland — Deas Asset Management acquires ground rent funds to strengthen its Finnish position and service offering.
Eva Landén, CEO of Corem.

Corem Signs Lease in Örebro

Sweden Sweden — Corem has signed a 3-year lease with WSP for approximately 1,520 square meters of office space in newly built Örebro Entré, property Olaus Petri 3:234.
Patrik Essehorn.

Klövern's Future Plans after the Major Investment from the Secret Investor

Sweden Sweden — Klövern's owners, Corem, ALM Equity, and Broskeppet Bostad, have entered into a letter of intent with a secret international investor that the latter intends to acquire 25 percent of the shares in Klövern, to a value of approximately SEK 1,350 million. Klövern's Chairman of the Board, Patrik Essehorn, tells Nordic Property News about the new issue and plans for the future.
Andreas Martinussen, CEO of Nordr.

Nordr Sold Residential Units worth NOK 700 Million in Q1

Nordic — Nordr sold 121 homes (89 net) worth NOK 700 million (500 million net) during the first quarter of the year. The sales value amounted to NOK 570 million in Norway and 130 million in Sweden.
Frida Stannow Lind, Johanna Hult Rentsch and Joacim Sjöberg.

Nordic Top Recruitments in Q1

Nordic — The hottest Nordic recruitments in Q1.

KLP Eiendom Buys from Deka in Oslo

Norway Norway — KLP Eiendom has entered into an agreement with WestInvest Gesellschaft für Investmentfonds mbH on the purchase of Wiiv Norway Holding AS, which indirectly owns Munkedamsveien 62B-D. For the buyer, the gross property value in the transaction is NOK 684 million. The takeover is planned for 24 April 2023.
NREP Logicenters signs lease for 17,800 sqm logistics building with Vinhuset in Vestby.

Logicenters Signs Lease for Logistics Building with Vinhuset in Vestby

Norway Norway — At the Vestby Logistics Park, south of Oslo, NREP Logicenters has now signed a lease agreement with Vinhuset, which is owned by NorgesGruppen. The object of the lease is the 17,800 sqm logistics facility Stormåsan 42. Vinhuset expects to take up residence in September 2023.
Jacob Karlsson, CEO of K-Fastigheter.

K-Fastigheter Buys Building Right from Serneke

Sweden Sweden — K-Fastigheter has acquired a building right for approximately 110 rental apartments in Ale municipality. The acquisition is made from a company within the Serneke Group and regards all the shares in the company that owns the property Ale Utby 3:113. A legally binding zoning plan is in place.
Malmö

Development Plans for Listed Duo to Change

Sweden Sweden — Trianon and JM want to build several hundred homes next to the Entré shopping center in Malmö – but the plan will change slightly in connection with the fact that the land reference must now be extended. Nordic Property News takes a closer look at the project.