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.
TOP 4 Nordic
Nils Styf, CEO of Hemsö.
Nordic Nordic —
“Our assessment is that property values have bottomed out”
Peter Wallin, CEO, and Jon Johnsson, CFO, at Bonava.
Nordic Nordic —
Bonava sees strong Swedish growth – sticks to full-year forecast
Stina Lindh Hök.
Nordic Nordic —
Cibus acquires 23 assets in four countries for 103.9 MEUR
Kestutis Sasnauskas, CEO of Eastnine.
Nordic Nordic —
Eastnine divests two properties in Riga
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.

Hemsö Acquires University Asset in Helsinki

Finland Finland — Hemsö acquires a university property in central Helsinki for future development into modern training facilities. The property will be leased by the University of Helsinki until 2024. The investment amounts to approximately EUR 17 million and the seller is the University of Helsinki.
Helsinki.

Colliers Strengthens Nordic Position – Launches Capital Markets Team in Finland

Finland Finland — Colliers strengthens their position in Finland by launching Capital Markets services with renowned real estate profile Matti Ahrelma leading the team. Richard Divall, Head of Cross Border Capital Markets, EMEA at Colliers, tells Nordic Property News about the new Capital Markets team, the appointment of Matti Ahrelma and the state of the Nordic real estate markets.

John Mattson Makes Residential Investment in Sollentuna

Sweden Sweden — John Mattson has signed an agreement with Sollentuna Stadshus AB to acquire 456 apartments together with commercial premises in Häggvik and Tureberg in the municipality of Sollentuna.
Risto Vuorenrinne, Investment Director at Trevian AM, and Duetto Business Park that has gained great success.

The Key for Office Success – During the Crisis

Finland Finland — Trevian-managed development of Duetto Business Park succeeds beyond expectations – occupancy rate rises despite COVID era challenges. Risto Vuorenrinne, Investment Director at Trevian AM, tells Nordic Property News about the major office project in Helsinki, when they expect to reach 95 percent occupancy, and future office challenges.
Sonja Horn, CEO of Entra.

“We Have Significant Muscles to Grow the Portfolio Further”

Norway Norway — Entra’s CEO Sonja Horn on the current negotiations of the EUR 230 million asset, and the investment strategy, going forward.
Michael Johansson, CEO of Tre Kronor Property Investment.

Tre Kronor About to Acquire Norwegian Portfolio

Norway Norway — Tre Kronor intends to make property acquisitions corresponding to a value of approximately NOK 322 million and is reviewing the possibility of further acquisitions.
Brooklyn, New York.

PFA Invests in New York Logistics

Denmark Denmark — For an amount of approx. DKK 500 million, PFA is now investing in a logistics property in New York, which will be built in the coming year. In the future, PFA will further increase its focus on foreign real estate investments with international partners.
Jens Petter Hagen.

NREP's Norwegian Future: "We Expect to Continue Investing Actively"

Norway Norway — NREP have increased their presence in Norway with several key hires. Jens Petter Hagen, Partner and General Manager of NREP's Norwegian office, tells Nordic Property News about NREP’s Norwegian future, what investments they are looking for, where they are looking for them and shares his view on the state of the Norwegian real estate market.
Timo Myllynen, Head of Asset Management, HOK-Elanto.

Despite the Pandemic: The Retailer to Execute Investment Plan

Finland Finland — Timo Myllynen, Head of Asset Management, HOK-Elanto: “We have seen that grocery store properties are facing a high demand at the moment.”
Patrik Hall, CEO of Heimstaden.

Heimstaden Bostad Acquires over 1,000 Residential Units in Linköping

Sweden Sweden — Heimstaden Bostad acquires 1,118 residential units for SEK 2.5 billion in Linköping from municipal housing company Stångåstaden, and significantly strengthens its presence in the region.
The preference shares with the highest yields on the stock exchange.

Updated List: The Nordic Rockets – Among the Preference Shares

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 2021?

SRV to Renovate Historic Property in Helsinki

Finland Finland — SRV and Helsinki University Properties have signed an agreement on the basic renovation of Snellmania, which is located in Kruununhaka, Helsinki. The project management contract for the renovation of this culturally and historically significant building is valued at approximately EUR 12 million.
F. Scott Ball, CEO of Citycon.

How Citycon Will Benefit on the Nordic Transaction Market

Finland Finland — Citycon’s CEO F. Scott Ball on another strong quarter for the retail property owner; the diversification strategy, and why the rent collection has decreased in the first quarter of 2021: “Still best-in-class.”
Entra.

Entra in Negotiations to Make Major Acquisition

Norway Norway — Entra is in exclusive negotiations to acquire the property Fyrstikkalléen 1 for approximately NOK 2.3 billion (app. EUR 230 million).
Mileway hires five new employees.

Blackstone's Mileway Adds Five New Names to the Nordic Team

Nordic — Blackstone's transaction-intensive last-mile logistics company Mileway continues to build their team in the Nordics and add five new names to the roster.
Per Hedebäck.

The Digitalization Struggle in the Property Industry

Nordic — Per Hedebäck, CEO of Ibinder: “No doubt that the industry is lacking behind.”