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Nordic Property News presents the listed property companies' rental income for the first quarter of 2021.

They Increased Their Rental Income the Most in Q1

Nordic — Nordic Property News presents the Nordic listed property companies' rental income for the first three months of 2021.
TOP 4 Nordic
Laura Barstow.
Nordic Nordic —
Global capital raising executive joins Slättö
Ilija Batljan, CIO, Public Property Invest.
Nordic Nordic —
The Nordic investment plans for Public Property Invest
Erik Selin, CEO of Balder.
Nordic Nordic —
“I don’t think we will buy from Pandox”
Peter Wallin, CEO, and Jon Johnsson, CFO, at Bonava.
Nordic Nordic —
“We are really pleased with Bonava's regional exposure”
Thomas Sipos, CEO of Revelop, and Anders Sylvén, CFO.

Profi Closes Fund and Changes Its Name to Revelop

Sweden Sweden — Profi Fastigheter has recently had final closing for its fifth value-add real estate fund at just over SEK 2.1 billion - the largest fund in its category specifically aimed at investments in Swedish properties in seven years. At the same time, the company changes its name to Revelop to clarify its strategy of repositioning and redeveloping commercial real estate with a distinct sustainable framework and impact concept.
Jacob Sandberg Gjems-Onstad in front of Logicenters' latest acquisition in the Oslo region. The image is a montage.

These Are the Most Attractive Logistics Locations in Norway

Norway Norway — Logicenters has high ambitions for the Nordic market and has appointed Jacob Sandberg Gjems-Onstad to strengthen growth and meet the high demand for proprietary products and build-to-suit solutions. He tells Nordic Property News about his new role, the most attractive logistics locations in Norway and the development of the interest in the Norwegian logistics going forward.

NCC Divests Road Services Denmark

Denmark Denmark — NCC divests Road Services Denmark to the German based holding company Mutares (Frankfurt Stock Exchange: MUX). The transaction is expected to have a marginal positive effect on NCC earnings and cash flow in connection with closing, expected in the second quarter.
Jani Nieminen, CEO of Kojamo.

“We Have Seen Quite Aggressive Yields”

Finland Finland — Kojamo’s CEO Jani Nieminen on the Q1 results, how the international players are affecting the Finnish transaction market, and the still ongoing impact of Covid-19 on the residential market.
Erik Selin, CEO of Balder.

Balder Makes Swedish Acqusitions

Sweden Sweden — Balder adds two new properties to their portfolio.
Michael Johansson.

Tre Kronor Property Investment's CEO Resigns

Sweden Sweden — Tre Kronor Property Investment announces that the company's CEO Michael Johansson will leave Tre Kronor in 2021 after four successful years at the company.

Related article Why Tre Kronor Chooses Norway over Sweden
Sverker Källgården, CEO of Cibus Nordic Real Estate.

Cibus Acquires Finnish Portfolio

Finland Finland — Cibus Nordic Real Estate has today signed the acquisition of a real estate portfolio of three assets in Finland for EUR 25.5 million. The transaction is targeted to close on May 17.
Nordic Property News presents how high the loan-to-value ratio the listed companies have, according to their Q1 results.

The Nordic Heavyweights with the Highest LTVs

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies have, according to their Q1 results of 2021.
Claus Mathisen, CEO of NREP, on the reasons behind the DKK 25 billion deal with Dades.

NREP’s CEO on the Major Deal: “This Is a Milestone Agreement”

Denmark Denmark — Dades transfers both management and development of the company's DKK 25 billion property portfolio to NREP. Claus Mathisen, CEO of NREP, tells Nordic Property News about the negotiations, the importance of the deal, and further investment targets.
Erik Selin, CEO of Balder.

Balder Increases Entra Holdings – Here Are the Future Plans for the Company

Norway Norway — Balder has increased its holdings in Norwegian Entra from 25 to 32.7 percent. CEO Erik Selin comments on Balder’s future plans for their Entra holdings.
The Eight.

Skanska Invests USD 476M in American Office Project

Sweden Sweden — Skanska invests approximately USD 476M, about SEK 4.0 billion, in The Eight, its newest office development project in Bellevue, Washington, USA.
Peab builds rental apartments in Västerås.

Peab Signs SEK 310 Million Contract in Västerås

Sweden Sweden — Peab has been commissioned to build 183 rental apartments on Öster Mälarstrand in Västerås. The customer is Bostads AB Mimer and the contract is worth SEK 310 million.

Director Leaves Leading Property Management Company

Nordic — Returns to global advisory firm next week.
Boris Nørgaard Kjeldsen, CEO of Dades, and NREP's CEO Claus Mathisen.

NREP Takes over Management of Dades' Portfolio – CEO Resigns

Denmark Denmark — Boris Nørgaard Kjeldsen resigns with the new cooperation agreement as CEO of one of Denmark's largest private real estate companies, Dades. Executive Vice President Søren Kristiansen is promoted and will be the new CEO.
Helsinki.

High Finnish Competition: “A Lot of Foreigners Are Active”

Finland Finland — Jussi Palmroth, Managing Partner of Tuohex Capital, on the recently established fund; investment targets, the activity on the Finnish transaction market, and reasons behind the wide location focus.
Stefan Wallander, NREP's CEO in Sweden, in front of a care home acquisition in Stockholm made by the Income+ fund. The image is a montage.

"The Best Solutions Arise in Close Collaborations Between the Private and Public Sectors"

Nordic — NREP continues to make spectacular recruitments as the add a second former Mayor from a Nordic capital to the team. Stefan Wallander, CEO of NREP in Sweden, tells Nordic Property News about the strength of having two former Mayors on staff, the importance of collaboration between private and public sectors, and what Jan Vapaavuori could bring from Helsinki to NREP's other Nordic markets.
Ilija Batljan, CEO of SBB Norden.

SBB Acquires Elderly Care Homes and Apartments – and Sells Non-Strategic Properties

Sweden Sweden — SBB has entered into an agreement to acquire six elderly care homes in Greater Stockholm as well as rental apartments and two nursing homes in Helsingborg to a value of approximately SEK 2.5 billion. The acquisitions comprise a total area of ​​approximately 70,000 sq.m. with a rental value of approximately SEK 107 million generating a net operating income of approximately SEK 95 million.
Nordic Property News lists the vacancy rates among the listed real estate companies in the Nordics.

The Pandemic Effects on the Giants’ Vacancy Rates

Nordic — Nordic Property News presents a list of the first quarter’s vacancy rates among the listed Nordic real estate companies.
Leaves the advisory side for the investors side.

Leaves Newsec for LocalTapiola

Finland Finland — LocalTapiola makes experienced hire from Newsec.
Ulrika Danielsson.

Castellum's CFO Resigns

Sweden Sweden — Ulrika Danielsson has informed the company that she has decided to leave her position as CFO of Castellum. She has been employed by the company since 1998, finance director since 2006 and CFO since 2014.
Jimmy Bengtsson.

How the Construction Giant Will Reach Its 2025 Targets

Norway Norway — Veidekke’s Group CEO Jimmy Bengtsson on the success in Scandinavia, the development of the company since he took the helm, and how to increase the profitability even more.
Michael Johansson.

Why Tre Kronor Chooses Norway over Sweden

Norway Norway — Tre Kronor Property Investment’s CEO Michael Johansson on the attractive segment during the pandemic, the benefits of growing the Norwegian portfolio, and the current bidding war between Trophi and Svenska Handelsfastigheter, over Tre Kronor.
The global owners among the Nordic listed companies.

Fresh List: These Are the Global Owners in the Nordic Heavyweights

Nordic — Nordic Property News presents an updated list of the foreign holdings in the Nordic listed real estate companies.
Jan Vapaavuori will step down as Mayor of Helsinki. Today NREP has surprisingly announced that they have recruited him.

NREP Recruits the Departing Mayor of Helsinki

Finland Finland — The departing Mayor of Helsinki, Jan Vapaavuori, will join NREP to further strengthen the company’s urban development efforts. Jan Vapaavuori will join the company in a part-time role as Senior Advisor for Urban Development after his term as Mayor ends in August.