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.
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
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.
Genesta makes acquisition in Jönköping.

Genesta Acquires from Infrahubs

Sweden Sweden — Genesta has signed an agreement to acquire a high-quality logistics property from Infrahubs. The property, completed in the end of 2022, is located along the E4 motorway in Jönköping. The total lettable area is circa 45,700 square meters and fully leased to Husqvarna with a long-term agreement. The acquisition is the sixth investment on behalf of Genesta's fifth fund GNRE Core Plus Open Ended, launched in 2021.
Nansenløkka.

Skanska Invests in Residential with Obos

Norway Norway — Skanska invests a net of NOK 318M in residential projects with Obos in Oslo and Bærum.
Eva Landén, CEO of Corem.

Corem Signs New Lease Contract in New York

Sweden Sweden — Corem has signed another lease contract for approximately 605 sqm of office space at the project property 1245 Broadway in New York. The tenant, a finance and technology company, will move in during the first quarter of 2024 and the lease term is 5 years.
Aktiesparna's general counsel Sverre Linton on the crisis at SBB.

"The Worst Thing that Could Happen to Ilija Batljan"

Sweden Sweden — SBB's B-share had its worst day ever on the stock exchange and dropped more than 24 percent on Tuesday, a further deterioration after Monday's loss of just over 20 percent. The collapse in SBB also dragged the entire real estate sector with it, which fell by more than 4.5 percent. Aktiesparna's general counsel Sverre Linton tells Nordic Property News that SBB is an incredibly pressured company that now needs to find convincing solutions to resolve its refinancing. He also gives his view on Ilija Batljan's future in the company.
David Mindus, CEO of Sagax.

David Mindus: "With Great Risk Comes Great Opportunity"

Sweden Sweden — Sagax goes against the grain and reports an increased management result of 20 percent in the first quarter, compared to Q1 2022. CEO David Mindus tells Nordic Property News how he sees the transaction market in the company's segment: "Many want to see the market more stabilized before making large investments."
CEO Sonja Horn and CFO Anders Olstad.

Out with the Old and the New in Entra's latest Major Divestment

Norway Norway — Entra has sold two properties in Oslo for almost NOK 1.5 billion. The buyer is NREP and the disposals were made at approximately one percent below book value according to Entra. For Nordic Property News, Entra's CFO Anders Olstad talks more about the background to the deal, why the property were sold below book value and what the ambition for their assets looks like going forward.
Laura Tarkka.

Laura Tarkka New Head of Scandic Hotels in Finland

Finland Finland — Scandic Hotels has appointed Laura Tarkka as new country head of the Group’s operations in Finland as well as a member of Scandic’s Executive Committee.
SBB's B share fell almost 20 percent on Monday, the second worst day for the stock ever, and the D share fell even more by over 26 percent.

SBB Slaughtered on the Stock Market after Downgrade

Sweden Sweden — SBB's B share fell almost 20 percent on Monday, the second worst day for the stock ever, and the D share fell even more by over 26 percent during a blood-red day on the stock market for Ilija Batljan's real estate company. The sharp decline came after credit rating agency S&P downgraded SBB's credit rating to BB+, or "junk status", with a negative outlook. Read SBB's comment on the downgrade and parts of S&P's negative analysis.
Ilija Batljan, CEO of SBB Norden.

SBB Stops Payment of Dividend and Revokes the Rights Issue of Ordinary D-shares

Nordic — The board of directors SBB announces its intention to stop the resolved payment of dividend and instead postpone the payment date to occur at the latest ahead of the annual general meeting 2024. The company also declares that it will not carry out the previously announced rights issue of ordinary D-shares of SEK 2.63 Bn.
Pär Hammarberg.

New CEO Appointed for Cofactor Property Development

Sweden Sweden — Pär Hammarberg becomes the new CEO and business area manager for Cofactor Property Development.
Andreas Wallström, head of prognosis at Swedbank.

This Economist Guarantees that Inflation Will Start to Fall

Sweden Sweden — Swedbank's head of prognosis, Andreas Wallström, is absolutely certain that inflation will begin to fall, but the forecast includes continued interest rate increases from the Riksbank on a number of additional occasions. At the same time, he wants to see more incentives for municipalities and regions.