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Arvid Lindqvist, Head of Research at Catella in Sweden.

"Real Estate Stocks Might Have Reached a Bottom"

Nordic — Catella's Head of Research Sweden, Arvid Lindqvist, believes that the bottom of the stock market may have been reached for the real estate companies, or at least it will in the near future. It looks all the more bleak for the direct market, which will begin to feel the effects of the recession over the next 18 months. He tells Nordic Property News more about how the real estate sector is faring in today's tough economic climate and what the challenges look like going forward.
TOP 4 Nordic
Peter Wallin, CEO, and Jon Johnsson, CFO, at Bonava.
Nordic Nordic —
“We are really pleased with Bonava's regional exposure”
David Mindus, CEO of Sagax.
Nordic Nordic —
Sagax acquires seven properties
Nordic Nordic —
Areim exec exits the company
Henrik Bastman.
Nordic Nordic —
Following the acquisitions in Finland – Storebrand Real Estate looks at new opportunities
Kungsgatan.

Peab to Rebuild Central Street in Stockholm

Sweden Sweden — Peab has been commissioned to rebuild Kungsgatan in Stockholm. The customer is the city of Stockholm and the contract is worth SEK 136 million.
The slaughterhouse.

Veidekke Creates Slaughterhouse in Trøndelag County

Norway Norway — Veidekke subsidiary Grande Entreprenør is to build a poultry slaughterhouse in the Trøndelag county village of Røra on behalf of Berg Eiendom Levanger AS. The slaughterhouse will be operated by Ytterøykylling AS and Nortura. The contract is a design and build contract valued at around NOK 140 million excluding VAT.
The preference shares with the highest yields on the stock exchange.

Updated Figures: These Are the Best Performing Preference Shares in the Nordics

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, so far, in 2022?
Kuopio.

Karelia Acquires Major Share of Office Property

Finland Finland — Local property investment company Karelia Finland Oy has acquired 60% of the shares of Kuopion Postitalo property in the city centre area of Kuopio.
Stefan Dahlbo, CEO of Fabege.

Fabege's CEO on Moody's Negative Outlook

Sweden Sweden — Fabege gets to keep its Baa2 rating, but Moody's has decided to change the company's outlook from stable to negative due to the rising market interest rates and the risk of the interest coverage ratio deteriorating. Fabege CEO Stefan Dahlbo tells Nordic Property News how he views the announcement and the company's future prospects.
Peter Wiman.

"The International Market has Pulled the Breaks"

Nordic — Troubled times lead to investors looking to their own local market. Peter Wiman, Head of Research at EY Real Estate, shares his view on the international real estate markets.
Stockholm.

Pangea: "Dark Outlook for the Real Estate Sector"

Nordic — For the first time since 2011, Nordic property shares will most likely end up at negative territory in 2022, standing at minus 43 percent YTD. Compared to a year ago when the sector was valued at a massive 73 percent premium on average, we now see a discount of 17 percent, and the listed companies have become net sellers in the market, according to the new report Pangea Listed Overview.
Aqua.

Skanska Divests Aqua in Malmö to Internal Property Portfolio

Sweden Sweden — Skanska Commercial Property Development has divested the office building Aqua in Malmö, Sweden, to Skanska Investment Properties for about SEK 600M.

Joachim Carlsson Appointed New CFO of Estea

Sweden Sweden — Estea recruits Joachim Carlsson as CFO. He has more than eleven years of experience from the financial and real estate market and comes most recently from the role of Head of Arctic Real Estate Management Sweden at Arctic Securities.
The Nordic real estate companies with the highest property values.

The Highest Property Values Among the Nordic Listed Companies

Nordic — Nordic Property News presents the property value in the major real estate companies on the stock exchange in the Nordic region.

Veidekke Completes Acquisition of Constructa

Norway Norway — The parties have agreed to Veidekke’s acquisition of 100% of shares in Constructa Entreprenør AS. This further strengthens Veidekke’s position in the attractive Bergen market.
Anders Danielsson, CEO of Skanska.

Skanska Makes Major US Investment

Sweden Sweden — Skanska invests in Kaye, a multi-family development project in Seattle, Washington, USA. The total investment is USD 296M, about SEK 3 billion. The construction contract is worth USD 190M, about SEK 1.9 billion, which will be included in the US order bookings for the fourth quarter 2022.
Peab Builds School in Ålesund.

Peab Builds School in Ålesund

Norway Norway — Peab has been commissioned to build a new school in Ålesund. The customer is Ålesund Municipality and the contract is worth NOK 177 million.
Mads Dehlsen Winther.

HusCompagniet Starts Process of Finding New CFO

Denmark Denmark — Mads Dehlsen Winther has decided to step down as HusCompagniet’s Group Financial Officer during 2023 when a successor is found to ensure a smooth transition.
Patrik Andersson, Partner and CEO at Brunswick Real Estate.

Brunswick Streamlines with Investment Focus – Here Are the Expansion Plans

Nordic — Brunswick is streamlining its operations. The debt business is divested and the focus going forward will be on investments. Patrik Andersson, CEO of Brunswick Real Estate, tells Nordic Property News about the decision to close the debt business, which companies you want to expand, which new companies you can imagine establishing and which markets and segments you see as the most interesting going forward.
The Helsinki property.

Skanska Makes Residential Investment in Helsinki

Finland Finland — Skanska invests in a residential development project in Helsinki, Finland. The total investment amounts to EUR 45M, about SEK 500M. The construction contract is worth EUR 32M, about SEK 350M, which will be included in the Nordic order bookings for the fourth quarter of 2022.
Nordic Property News presents the listed property companies' rental income.

So Far in 2022: They Increased Their Rental Income the Most

Nordic — Nordic Property News presents a list of the how much the listed companies increased their rental incomes in the first nine months 2022.
Mikael Söderlundh.

The Factor that Could Set the Playing Field on the Transaction Market

Sweden Sweden — Both on the transaction market and on the stock exchange, it is the logistics companies that show the most resilience in these tough economic times. Pangea's Head of Research, Mikael Söderlundh, tells Nordic Property News about the segment's strengths, the challenges ahead and the big question that may set the stage for the transaction market.
Stefan Dahlbo, CEO of Fabege.

Moody's Changes Fabege's Outlook from Stable to Negative

Sweden Sweden — In light of the rising market interest rates and the risk of the interest coverage ratio deteriorating, Moody's has decided to change the outlook from stable to negative.
Peab.

Peab Secures Assignment in Jyväskylä

Finland Finland — Peab has been commissioned to build a parking garage in Jyväskylä. The customer is Jyväs-Parkki Oy and the contract is worth EUR 19 million.
Helena Lindahl.

SBB Recruits Treasury Director

Sweden Sweden — SBB is recruiting Helena Lindahl to the role of Treasury Director with the task of being responsible for SBB's borrowing and profile towards the credit markets, nationally and internationally.
Frans Heijbel.

"Clear Potential to Both Continue Growing Our Presence in Europe, but also to Widen Our Perspectives"

Nordic — Frans Heijbel has assumed his new role as Managing Director, Strategy and M&A, at Heimstaden. He tells Nordic Property News about his new position, how he views Heimstaden’s strategy and what role M&A will play for the company going forward.
Gateway Säve.

The Next Step for Castellum's Major Gothenburg Project

Sweden Sweden — The detailed plan for Castellum's extensive investment at the old Säve airport, Gateway Säve, will now go out for consultation. The plans for the old airport include a mixed business area with, for example, airport, industry, logistics, offices and aviation museum with a total of 700,000 square meters of premises.
Pontus Sundin.

Niam Acquires Brunswick’s Debt Business

Nordic — Niam acquires Brunswick Real Estate Capital. The business, which has EUR 2.5 billion in assets under management, will be led by CEO Pontus Sundin and will operate as an independent company under Niam Credit.