The office complex in Vilnius.

East Capital Acquires Office Buildings in Lithuania

Sweden Sweden — East Capital Real Estate Fund IV signed an agreement for the acquisition of two modern 10-storey office buildings, Duetto A and Duetto B, with a total lettable area of 17,260 square meters located in Vilnius, Lithuania.
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
Colliers Mikael Söderlundh and CBRE's Daniel Holmkvist.

The Top Analysts' Q1 Judgement: "Credit Rating Is Top of Mind"

Sweden Sweden — The first reporting period of the year is over and Nordic Property News enlists the help of CBRE's Daniel Holmkvist and Colliers' Mikael Söderlundh to sift through the flood of reports. Read about the duo's insights, analyzes and future predictions regarding the companies and the industry in general.
Peter Norhammar, real estate fund manager.

"SBB's Challenges Not Representative of the Entire Sector"

Sweden Sweden — Despite the fact that it has been difficult in recent months, fund manager Peter Norhammar believes that the real estate sector will give a positive return in 2023. For Nordic Property News he gives, among other things, his view on SBB's vulnerable position after the rating downgrade, why the problems are piling up for the company and how the rest of the companies are holding up when the turbulence spills over into the entire sector.
David Mindus, CEO of Sagax.

Sagax Makes Acquisitions

Nordic — Sagax has through four separate transactions acquired nine properties for the equivalent of SEK 600 million.

Danish Pension Fund New Investor in Slättö

Nordic — Nordic real estate investor Slättö strengthens position by welcoming Lærernes Pension as a new investor, committing SEK 600 million.
Stefan Wilhelmson, CEO of Amaron, (top) and Martin Mildner, Portfolio Manager (bottom).

Amaron's New Venture: the Targets for the New Fund

Sweden Sweden — After the big sale of Norama Real Estate Fund Sicav-SIF, the AIF fund manager is now back and is building up the next big fund: Amaron Real Estate Fund, which should reach SEK 4–6 billion within three years. Stefan Wilhelmson, CEO, and Martin Mildner, portfolio manager, for Amaron Fund Management, tell Nordic Property News about the new major investment, where to look for new acquisitions, what type of properties you are interested in buying and give their view of the investment market right now.
Therese Rattik, CEO of Areim.

Areim Announces Final Closing of Data Centre Fund

Nordic — Areim has completed the final close of its Nordic data centre fund, Areim DC Fund, reaching its target with EUR 446 million in committed capital from leading institutional investors.
The residential buildings in Tampere and Espoo.

Housing Fund Acquires Residential Portfolio from SRV

Finland Finland — SRV sells a housing portfolio consisting of two residential buildings to a housing fund managed by eQ. The agreements include the residential building Asunto Oy Tampereen Kissanpäivät located in Kissanmaa, Tampere, and Asunto Oy Espoon Anna Sahlsténinkatu 15, located in Perkkaa, Espoo.

Fastator Forms New Company

Sweden Sweden — Fastator forms the property and facilities group NPM Group. The company is a comprehensive supplier of services to the country's property owners.

They Have the Highest Occupancy Rates in the Nordics

Nordic — Nordic Property News lists the occupancy rates among the listed Nordic real estate companies in Q1.
Tuomas Laitinen.

Sato Has Appointed Regional Director for the Tampere Region

Finland Finland — Tuomas Laitinen was appointed SATO Regional Director for the Tampere region effective 20 March 2023.
More money were spent on investing in current portfolio during Q1.

They Invested the Most in Their Portfolio During Q1

Nordic — With both buying and selling at a slow pace, many companies burrow down and look over their houses. Literally. Nordic Property News has the list of the companies that invested the most during the first quarter of the year.
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.

AMF Fastigheter's Goals for its First Joint Venture

Sweden Sweden — The biggest acquisition of the year in Sweden is underway. This time it is the pension administrators AMF and Swedish pension giant AP7 who join forces in a joint deal for one of the country's most attractive locations, with a price tag of 7.4 billion SEK. "For us, it was important to continue to be the majority owner," says AMF Fastigheter's CEO Tomas Erséus to Nordic Property News.
Johan Dernmar and Annie Franzon.

Diös Expands Group Management

Sweden Sweden — Diös' Head of Transactions Annie Franzon and Head of IR Johan Dernmar expand their respective roles and become part of the company's group management.
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.

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.