Entra.

Entra Divests Property in Drammen

Norway Norway — Entra has sold the property Grønland 32 in Drammen for NOK 335 million, which is approximately 18 percent above book values.
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
Balder.

Moody's Downgrades Balder's Senior Unsecured Ratings

Sweden Sweden — Moody's Investors Service has assigned a new long term corporate family rating (CFR) of Ba1 to Balder and subsequently downgraded its senior unsecured bond ratings to Ba1 from Baa3 as well as its junior subordinated notes rating to Ba3 from Ba2.
Which companies are the winners and which are the losers on the stock market in December?

February Struggle for Nordic Real Estate Stocks

Nordic — After a strong January, there was a rebound in the negative direction in February for the listed part of the nordic real estate sector, only eight companies saw their share price improve during the month. Here, Nordic Property News presents a list of how the companies performed on the stock exchange during the second month of the year.

Mörndal Sees Brighter Times for M2

Sweden Sweden — "The main drop in value has already been taken and we will be stronger in a year's time," M2's CEO Jakob Mörndal tells Nordic Property News.

Updated list: Largest Shareholders in the Nordic Companies

Nordic — Corem recently sold its entire holding in Castellum, and Nordic Property News has therefore taken a closer look at who the biggest shareholders are in the listed industry giants. Here is the full list.
Michael Berglin, CEO of Serneke.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.
Granelundsskolan.

NCC to Build New School in Tranås

Sweden Sweden — NCC is to construct the new Granelund school in Tranås together with AB Tranåsbostäder. The school will have space for 600 pupils up to sixth year. The project is a turnkey contract in partnering form with an order value of approximately SEK 250 million.
P-G Persson.

Platzer's Retiring CEO Suggested as New Board Member in Diös

Sweden Sweden — Prior to the Annual General Meeting of Diös Fastigheter on April 18, 2023, the Nomination Committee announces its proposal regarding the Chairman of the Board and other board members.
The project Lille Løren.

Veidekke Signs Contract with Nordr and Selvaag Bolig for Residential Project

Norway Norway — Nordr and Selvaag Bolig have awarded Veidekke a new commission in the Lille Løren Park project in eastern Oslo. Now the second stage of construction will be built comprising 99 eco-certified apartments in two blocks with underground parking. The contract is a design and build contract valued at around NOK 300 million excluding VAT.
Nepotism and favoritism are the most common unethical behavior witnessed in the real estate and construction industry in the Nordics.

Survey: Four Out of Ten in the Industry Have Witnessed Bribery

Nordic — Disrespectful behavior, nepotism and passive leadership. In a survey conducted by Nordic Business Ethics, it can be deduced, among other things, that four out of ten in the construction and real estate industry in the Nordics have witnessed bribery.
The New North Zealand Hospital project.

NCC Signs Installation Contract Worth SEK 1.7 Billion for Hospital Project

Denmark Denmark — NCC and the Capital Region of Denmark have signed an installation contract in conjunction with the construction of New North Zealand Hospital in Denmark. The order value for the installation contract amounts to approximately SEK 1.7 billion.
Henrik Saxborn.

Henrik Saxborn: "I Won't Stop Until Putin Stops"

Sweden Sweden — The former Castellum CEO tells Nordic Property News about his deep commitment to Ukrainian refugees, a work that has now been going on for almost a year. He talks about testimonies, lessons and the challenges that arise for the Ukrainians who are now in Sweden. Last week he also participated in a large fundraiser together with Bygg-Göta to raise money for more bulletproof ambulances to be sent to Ukraine.
Jonas Rosengren.

Klarabo Recruits Jonas Rosengren as New CFO

Sweden Sweden — KlaraBo recruits Jonas Rosengren to the position of new CFO. Jonas has extensive experience as finance manager and other leading positions in the real estate industry with responsibilities including borrowing, liquidity management and financial risk management.

Heimstaden Bostad Announces Tender Offer

Nordic — Heimstaden Bostad announces tender offer to repurchase senior debt securities.
Eva Landén, CEO of Corem.

Corem Sells 17 Properties in Stockholm for SEK 949 Million

Sweden Sweden — Corem has signed an agreement to divest 17 properties in the Stockholm area at a total underlying property value of SEK 949 million.
Stina Lindh Hök, CEO of Nyfosa.

Nyfosa Acquires Portfolio from Stenhus Fastigheter

Sweden Sweden — Nyfosa has acquired a portfolio in Sweden consisting of 13 properties including grocery and discount stores, warehouses, and light industrial buildings. The acquisition price amounts to MSEK 706.
Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield.

"The War Accelerated the Problems in the Real Estate Market"

Nordic — Today, February 24th, marks one year since Russia launched its full-scale invasion of Ukraine, a war that is still ongoing. From the perspective of the real estate market, the war has had an insignificant impact compared to the colossal suffering experienced by millions of people in Ukraine, although some aspects were accelerated by the outbreak of the war. Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield, tells Nordic Property News more about this.
Steinkjer fylkeshus.

Veidekke Gets Construction Contract for Office Building

Norway Norway — Veidekke and subsidiary Grande Entreprenør have signed the contract with Steinkjer Fylkeshus AS to erect an environmentally certified eight-storey office building to accommodate Trøndelag county municipality.
Ilija Batljan, CEO of SBB Norden.

After the Major Clean-up in 2022 – These Are Batljan's Aims in 2023

Sweden Sweden — 2022 was a major clean-up year for SBB – everything was done to achieve a better balance sheet and reduce debt. That job does not end at the beginning of 2023, but Ilija Batljan also approaches the year with the hope of a thawed bond market and a continued collaboration with the Canadian investor Brookfield, which will stimulate growth for both players in Europe in the coming years.
Eva Landén, CEO of Corem.

Corem Continues to Sell: "Divestments Can Create Great Opportunities"

Sweden Sweden — On Tuesday, CEO Eva Landén set the course for 2023, which means that Corem will continue to be a net seller. The assessment is that, despite the lack of transactions that lowered the property value by four percent in the company, there are good deals to be made during the year. For Corem, the cash flow must be replenished and the interest coverage ratio increased as the management result fell by over ten percent compared to the previous year.
SBB.

SBB Valuates Conditions for a Listing of the Subsidiary Sveafastigheter

Sweden Sweden — The Board of Directors in SBB have decided to evaluate the conditions for a listing of the subsidiary Sveafastigheter. Sveafastigheter will prior to the listing own residential real estate through direct ownership, joint ventures as well as listed shares for a total value of approximately SEK 15 billion.
Elbutik.

Logicenters Signs Lease Deal in Southern Sweden

Sweden Sweden — Elbutik has signed a long-term lease with Logicenters to move into the state-of-the-art facility currently under development in Staffanstorp.

Sampension Makes Residential Investment in Vallensbæk

Denmark Denmark — With an investment in a new property with 65 rental homes in Vallensbæk, Sampension is now increasing its residential investments.
Truls Nergaard.

“The Entire Nordic Region Is Interesting to Us”

Nordic — Storebrand continues its Nordic expansion and recruits three new key members to the team. Truls Nergaard, Head of Real Estate at Storebrand, tells Nordic Property News about the state of the team, new opportunities in the Nordics and what sectors Storebrand are targeting for investments.
Daniel Kjørberg Siraj, CEO of Obos.

Daniel Kjørberg Siraj Resigns from the Veidekke Board

Norway Norway — Daniel Kjørberg Siraj, board member of Veidekke and CEO of OBOS, has informed Veidekke that he is resigning from the company’s board of directors after having been nominated for a place on the board of NCC. He tells Nordic Property News more about the decision and his future.