Image
Image
Stendörren acquires in Farum and Glostrup.

Stendörren Acquires in Copenhagen

Denmark Denmark — Stendörren acquires two industrial and warehouse properties in Copenhagen.
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
The nordic real estate companies have lost huge sums in market value on the stock exchange during October.

October Figures: Strong Comeback on the Nordic Stock Markets

Nordic — Nordic Property News has the complete list of how the Nordic real estate and construction companies performed on the stock exchange in October.
Erik Selin, CEO of Balder.

Why Balder Expects Lower Investment Figures in 2023

Nordic — After an extended period of sizeable investments, Erik Selin believes Balder will have significantly lower figures in 2023. The Balder CEO expands on his thoughts on investments and comments on the possibility of Balder looking at a SBB-model of spinning off part of the company into a new entitiy.
Ilija Batljan, CEO of SBB Norden.

SBB Expecting Major Influx of Capital in Q4

Nordic — SBB is in the final sprint with regard to the divestment of the nine billion portfolio for which it signed a letter of intent at the beginning of September. In addition, additional sales of just over SEK 4.5 billion will be completed during the last quarter of the year, according to CEO Ilija Batljan. The SBB CEO comments on the significance of the large capital injection and how the company will continue to act in the market going forward.
Ken Wendelin.

Holmströmgruppen Hires Ken Wendelin

Sweden Sweden — Holmströmgruppen, the asset manager for Holmström Fastigheter Holding, employs Ken Wendelin as CFO and deputy CEO.

YIT's Head of Property Development Leaves the Company – Returns to Capman

Finland Finland — Ilkka Tomperi, Executive Vice President, Property Development and a member of the YIT management team will leave YIT to join another company outside of YIT. He will continue in his position until the end of 2022.
The Swedish Fortifications Agency invests in Eskilstuna.

Stenvalvet Sells to the Swedish Fortifications Agency

Sweden Sweden — Stenvalvet has entered into an agreement on a real estate transaction regarding two properties in Eskilstuna, Vapnet 1 and Vapnet 2. The buyer is the Swedish Fortifications Agency and access is expected to take place in the spring of 2023.
P-G Persson and Charlotte Hybinette.

What Platzer Looks for in a New CEO

Sweden Sweden — Since P-G Persson announced that he is leaving the position as CEO of Platzer at the 2023 annual general meeting, the company has been working on the recruitment of his successor. Board chair Charlotte Hybbinette tells Nordic Property News how the recruitment is conducted, what Platzer looks for in a new CEO, when it is realistic to have the successor in place and how the board reacted to P-G Persson's resignation notice.
Peab gets assignment outside Gothenburg.

Peab Builds Residential Units in Kungsbacka

Sweden Sweden — Peab has been commissioned to build 84 homes in central Kungsbacka. The customer is Aranäs fastigheter and the contract is worth SEK 182 million.
SINTEF Horizion.

Veidekke to Create Eco-Certified Commercial Building

Norway Norway — Veidekke has signed a contract with SINTEF Energi AS to build SINTEF Horizon, an eco-certified commercial building on the Gløshaugen university campus in Trondheim. The commission is a design and build contract valued at NOK 280 million, excluding VAT.
Ilija Batljan, CEO of SBB Norden.

SBB to Create the Largest Listed Residential Company – Aims to Improve SBB's Rating

Nordic — SBB is looking to distribute a residential company with a property value of SEK 18 billion to its shareholders – making it one of the largest listed residential company. CEO Ilija Batljan expands on the idea behind the split and how it helps SBB to move forward.
Balder.

Balder Announces Tender Offer

Sweden Sweden — Balder is offering holders of the Issuer's outstanding SEK 600,000,000 FRN due January 2023, SEK 1,400,000,000 green FRN due February 2023 and SEK 500,000,000 green FRN due November 2023.
Markus Myllymäki, CEO of Toivo Group.

Toivo Group Launches New Housing Concept

Finland Finland — In 2020, Toivo Group began developing the Toivo Studios concept, which combines housing, furniture and services. Toivo Studios combines rental housing and hotel comfort into one concept where people can focus on living their life.
SBB.

SBB Wants to Increase Focus on Social Infrastructure Properties

Sweden Sweden — SBB is evaluating the possibility of distributing a residential company to the shareholders.
Illustration of Petregatan.

NCC to Build Culture Center in Gävle Worth SEK 300 Million

Sweden Sweden — On behalf of Gävle Municipality, NCC is building Agnes Kulturhus, a new center for culture and learning, comprising of 8,700 square meters.
Anthony Romano.

Lindu's Growth Targets in the Competitive Last-Mile Sector

Nordic — The new Brunswick and Pictet company Lindu Ejendomme continues to make investments in the Danish last-mile logistics market. After the latest purchase, Anthony Romano, Investment Manager at Brunswick, tells Nordic Property News about the acquisition, the partnership with Pictet, the goals for the company, the competition in the sector and about his own unusual way from professional hockey to real estate.
The Nordic Real Estate Companies’ market cap.

The Largest Property Companies in the Nordic Region

Nordic — Nordic Property News presents the current market capitalization among the Nordic real estate companies on the stock exchange.
The new school in Bergen.

Skanska to Build New Secondary School in Bergen

Norway Norway — Skanska has signed a contract with the Municipality of Bergen to build a new secondary school in Bergen, Norway. The contract is worth NOK 370M, about SEK 390M, which will be included in the Nordic order bookings for the fourth quarter 2022.

Veidekke Completes Major Sale

Sweden Sweden — The transaction was conditional upon environmental approval from the authorities, which has now been granted. The transaction will therefore be completed in mid-November and will provide a financial gain of NOK 130 million in the 4th quarter 2022.
Antti Aarnio.

This Is Sato’s Residential Strategy

Finland Finland — CEO Antti Aarnio: “We are very cautious and follow the market carefully now. However…”
Patrik Hall, CEO of Heimstaden.

Patrik Hall Looking Forward to a More Free Role

Nordic — Heimstaden's long-standing CEO Patrik Hall will leave the operational role at the turn of the year and instead continue as Senior Advisor and member of the Group Investment Committee within the company. He tells Nordic Property News about the decision and the future within the company. He also comments on the company's Q3 report, the challenges ahead and the large bond maturities that await in the next two years.
ATP Ejendomme and Pensiondenmark sell four properties.

Four Department Store Buildings Sold in Denmark

Denmark Denmark — The four Magasin properties on Kongens Nytorv, in Lyngby, Aarhus and Odense are now being sold back to the department store's new owners, after more than a decade with ATP Ejendomme and PensionDanmark as owners.
Patrik Hall and Helge Krogsbøl.

Patrik Hall Steps Down as Heimstaden CEO – Helge Krogsbøl Succeeds

Nordic — Patrik Hall has after more than 20 years decided to leave his position and continue as Senior Advisor and member of the Group Investment Committee. Helge Krogsbøl, Heimstaden’s COO, takes over as CEO from 1 Jan 2023.
Global sustainability actor Position Green chooses Varvsstaden in Malmö for new office and powerhouse.

Balder Signs Lease Agreement in Malmö with Position Green

Sweden Sweden — Position Green helps companies and organisations to develop their sustainability work and business within the ESG landscape. To meet the increasing demand and offer a meeting place in line with the company’s vision, Position Green is relocating its Malmö office to the new sustainable Varvsstaden district.
Johan Knaust, CEO of K2A.

K2A Becomes Associate Member of Public Housing Sweden

Sweden Sweden — K2A Knaust & Andersson Fastigheter is a new associate member of Public Housing Sweden. K2A’s application was approved at Public Housing Sweden’s Board meeting on 21 October 2022.