SBB Carries Out a Rights Issue of Class D Shares of SEK 2.63 Billion

Sweden Sweden — SBB announces its intention to carry out a rights issue of class D common shares of approximately SEK 2.63 billion.
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
Eva Landén, CEO of Corem.

Corem Signs Lease Contract in New York

Sweden Sweden — Corem has signed a lease contract for approximately 605 sq.m. of office space at the project property 1245 Broadway in New York.
Johan Skoglund, CEO of JM.

JM: The Stockholm and Finland Market is Most Affected by the Recession

Nordic — Wednesday evening 200 employees got the boot from JM. The day before the first quarterly report was presented. JM suffers from reduced purchasing power and a slowdown in construction, but CEO Johan Skoglund says that despite this, they hava achieved a record number of building permits.
Peab.

Peab to Renovate Helsinki School

Finland Finland — Peab has been commissioned to renovate the upper secondary school Lärkan in Helsinki. The customer is the City of Helsinki and the contract is worth EUR 18 million.
Sonja Horn, CEO at Entra.

Entra Aims for Further Sales Despite the Slow Market

Norway Norway — Entra, where Balder and Castellum are major owners, has now sold properties for SEK 2.3 billion, a little more than a third of the sales target of SEK 5.5 to 6 billion. In connection with the presentation of the Q1 report, CEO Sonja Horn commented more on how the divestment work is going in the challenging transaction market and explained why the vacancy rate increased during the first quarter.
Joacim Sjöberg.

Castellum Will Be Net Sellers in 2023

Sweden Sweden — When the Q4 report was released, it was unclear from Castellum's side whether they would be net sellers or net buyers in 2023 – but after the Q1 report released on Wednesday, it is now clear that they will be net sellers. The Entra holding is not for sale according to the company, and CEO Joacim Sjöberg tells Nordic Property News how they see the sales potential in the rest of their extensive portfolio.
Joakim Andersson.

Joakim Andersson Named New CFO of Slättö

Nordic — Joakim Andersson joins Slättö as new CFO. He has extensive experience from the Swedish investment company Kinnevik, where he held the position of CFO and Head of Strategy, among other roles, for 13 years. His most recent role was CFO at the software company Cint. At Slättö Joakim Andersson will be responsible for finance and IT, fund management and financing.

K2A Sells Properties to Resinova

Sweden Sweden — K2A Knaust & Andersson Fastigheter has completed a sale comprising four properties in Växjö with an underlying property value of SEK 650 million. K2A is transferring the properties with vacant possession on 30 June 2023. The buyer is Resinova Bostad AB.
Linus Nilsson.

Pictet Appoints New Head of Nordics for Direct Real Estate

Nordic — Pictet Alternative Advisors has strengthened its real estate offering in the Nordic region with the appointment of Linus Nilsson as its new Head of Nordics, based in Stockholm.
Doxa's CEO Victor Persson comments on the major bid for Serneke.

Doxa's CEO: "A Friendly Offer after Close Dialogue"

Sweden Sweden — Doxa's CEO Victor Persson tells Nordic Property News about the work leading up to the company's billion-dollar bid for Serneke, why a takeover attracts so much and Karlatornet's part in Serneke's attractiveness.
Ola Serneke, founder of Serneke.

Ola Serneke: "We Were a Company That Never Gave Up"

Sweden Sweden — Yesterday it became clear that Doxa has submitted a takeover offer for Serneke Group. Ola Serneke, founder of Serneke, says to Nordic Property News that he is positive to the offer that means that company can get a broad and stable owner base. Now Jan C Johansson, Serneke group's chairman, also comments on the potential takeover "We didn't contact Doxa".
Terje Björsell.

Terje Björsell Appointed New CEO of SBF Fonder

Sweden Sweden — Terje Björsell has been appointed as the new CEO of SBF Fonder AB and will assume the role on May 2, 2023.
Logicenters builds for Frigoscania.

Logicenters Builds 36,000 sqm for Frigoscandia in Hyllinge

Sweden Sweden — The new logistics property will be specially adapted for storing food in several temperature zones. The facility, which is expected to be ready in the last quarter of 2024, will be located in Hyllinge, just outside Helsingborg, in direct connection to both the E4 and E6.
Joacim Sjöberg.

Increased NOI but Lowered Valuations for Castellum

Nordic — Castellum increased its Net Operating Income by 9.3 percent and rental income in comparable stock by 10.7 percent during Q1 – at the same time property valuations decreased by approximately SEK 6 billion.
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.
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.