Which companies performed in the profit list during Q3, 2020?

Q3 2020: They Have Increased Their Profit the Most

Nordic — Nordic Property News presents the listed Nordic companies’ profit before tax during Q3, 2020.
Johan Eriksson.

Estea Omsorgsfastigheter Acquires Five Properties for SEK 415 Million

Sweden Sweden — Estea AB's wholly owned subsidiary and alternative investment fund, Estea Omsorgsfastigheter AB (publ), has acquired five properties located in southern and central Sweden at an underlying property value of approximately SEK 415 million. Access will take place in stages starting in December 2020.
One of the properties, acquired by Diös.

Diös Purchases Two Commercial Properties in Umeå

Sweden Sweden — Diös will purchase two properties in Umeå containing offices and other commercial activities. Located close to the airport and just a few minutes from the city centre, the properties are strategically positioned. The agreed property value amounts to SEK 112 million. The seller of the property is Håkan Eriksson i Umeå AB and transfer of ownership will take place on 1 January 2020.
Mattias Lundgren, CEO of SSM.

The Board of SSM Recommend to Accept Amasten's Public Offer

Sweden Sweden — The independent board members in SSM unanimously recommend the shareholders in SSM to accept the public offer from Amasten.
This is the former HQ of the Swedish property giant.

For Sale: Historical Office Building in Central Gothenburg

Sweden Sweden — The Swedish property giant’s former HQ for sale in Sweden's number two. ”A unique property, the location is quite unbeatable.”
Part of Vaasa, and Jochem Binst, Head of External Communication & IR at Cofinimmo.

Why Finland Is Attracting the Belgian Investor

Finland Finland — Jochem Binst, Head of External Communication & IR at Cofinimmo, tells Nordic Property News about the Finnish entrance, and future targets in the country for the Belgian company. “We will progressively build our presence in Finland.”
Per W. Hallgren, CEO of Jeudan.

No Major Corona Effects for the Danish Giant

Denmark Denmark — Per W. Hallgren, CEO of Jeudan, on the Q3 figures, future targets, and whether the transaction pace has been affected, due to the pandemic.
Oslo.

Storm Real Estate Acquires All Shares in KMC Properties

Norway Norway — Storm Real Estate announces that it has entered into an agreement to acquire 100 percent of the issued and outstanding shares in KMC Properties AS for an agreed purchase price of approximately NOK 1,076 million.
Mariette Hilmersson.

Castellum Makes Real Estate Transaction with the City of Gothenburg

Sweden Sweden — Castellum AB and the municipality of Gothenburg are carrying out a real estate transaction where Castellum is selling a property to the city in exchange for development rights in connection to Västlänken's future Station Centralen.

Jykia to Develop an Industrial and Logistics Property

Finland Finland — Property developer Jykia develops an ca.10,000 sqm industrial and logistics property for DBSantasalo in the Eteläportti district in Jyväskylä.
The property value among the Nordic giants.

The Nordic Listed Companies' Property Value in Q3

Nordic — Nordic Property News presents the property value in the major real estate companies on the stock exchange in the Nordic region.
Modern new apartments in a pleasant environment will be built at Linnustajankuja 2.

Lumo Kodit Agree on the Construction of 153 New Homes in Espoo

Finland Finland — Lumo Kodit Oy and Pakrak Oy have agreed on the construction of 153 apartments in Lippajärvi, Espoo.
Castellum's CEO Henrik Saxborn opens up on the Finnish operations, since the establishment two years ago.

Castellum's Finnish Expansion Not as Expected: “Too Slow Growth in Helsinki”

Finland Finland — Henrik Saxborn, CEO of Castellum, tells Nordic Property News on the latest EUR 150 million deal in Helsinki why the competition in the city has been tougher than predicted, and investment obstacles during the current pandemic.
Philippe Cervesi, Investment Director of Corum Asset Management.

How the French Investor Acts in a ’Quiet Market’

Nordic — Philippe Cervesi, Investment Director of Corum Asset Management, on future Nordic targets, and the lack of attractive products in the investor’s focus areas.
The Nordic companies with the highest operating income, according to the latest financial reports.

Q3 Figures: The Companies with the Highest Operating Income

Nordic — Nordic Property News presents the net operating income among the Nordic property giants, during Q3.
Mikael Rånes.

Mikael Rånes Appointed Acting CEO at Amasten

Sweden Sweden — The Board of Amasten announces that Mikael Rånes has been appointed Acting CEO, in connection with Jan-Erik Höjvall now retiring.
K2A acquires from Midroc, in Uppsala.

K2A Makes SEK 470 Million Acquisition in Uppsala

Sweden Sweden — K2A has signed an agreement to acquire the properties Uppsala 50:1 and 50:2 from Midroc, where 216 rental homes and a LSS home with six homes will be developed.
The lettable areas in the Nordic property companies.

Q3 2020: The Lettable Areas in the Nordic Companies

Nordic — Nordic Property News presents the number of properties and the total lettable area in the real estate companies on the stock exchange, according to the Q3 figures.
Collage of Saara Viento, Trio’s Shopping Centre Manager, and the Trio mall in Lahti.

The Importance of Service Centres for the Retail Property Giant

Finland Finland — Lahti Palvelutori Service Centre, which opened in shopping centre Trio at the start of the year, will be expanded by 2,000 square metres next year. Trio’s Shopping Centre Manager Saara Viento on the future shopping centre plans: “Our main targets for the next years are to develop different parts of the centre.”
Thorsten Slytå's new position at Barings is now Head of Nordics.

Barings on the Offensive – Promotes Nordic Head: “Sweden Is the Main Focus”

Nordic — Thorsten Slytå, Head of Nordics at Barings, tells Nordic Property News about his new position at the global investment management firm, how the pandemic has affected his first year in the company, and what kind of assets across the Nordics they are aiming for, going forward.
Henrik Saxborn, CEO of Castellum.

Castellum Purchases Property Group in Helsinki for EUR 150 Million

Finland Finland — Through a company acquisition of the Finnish real estate group Lindström Invest, Castellum has acquired a real estate portfolio in Helsinki. The transaction is carried out as a share issue in kind.

Magnolia Bostad Sells Residential Units in Gothenburg

Sweden Sweden — Magnolia Bostad is selling 180 rental apartments in the new district of Nya Hovås in Göteborg to Heimstaden Bostad. The project consists of around 11,060 sqm GFA for residential units and around 2,500 sqm GFA for retail units and a garage. The estimated property value upon completion will be around SEK 450 million.
Veidekke will build a cultural centre.

Veidekke to Build Cultural Centre in Steinkjer

Norway Norway — Veidekke has signed a contract with Steinkjer kulturbygg AS to build the new cultural centre in Steinkjer in northern Trøndelag.
Sverker Källgården, CEO of Cibus Nordic Real Estate.

How Cibus Will Continue the Nordic Expansion

Nordic — Cibus’ CEO Sverker Källgården: “We are monitoring new geographies but…”
Nordic Property News presents the listed property companies' rental income.

They Have Increased Their Rental Incomes the Most So Far in 2020

Nordic — Nordic Property News presents the Nordic listed property companies' rental income for the first nine months of 2020.