Image
Image
SEB's HQ in Tallinn, and Madis Raidma, CEO of East Capital Real Estate.

The Baltic Outlook: “Several Businesses Are Quite Largely Impacted”

Nordic — East Capital Real Estate acquires SEB’s head office in Estonia. CEO Madis Raidma tells Nordic Property News about the EUR 46 million purchase, future investment targets and how affected the Baltic market has been, due to Covid-19.
TOP 4 Nordic
Erik Ranje, CEO of Stendörren.
Nordic Nordic —
Erik Ranje: "When Stockholm becomes a bull market, it often becomes too expensive"
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”
Jens Engwall, CEO of Nyfosa, and Ilija Batljan, CEO of SBB.

Financing Secured for Nyfosa’s SEK 4.9 billion Acquisition from SBB

Sweden Sweden — After seeing a transaction of SEK 8 billion with SBB fall through earlier this year, Nyfosa announces that financing is secured for the SEK 4.9 billion acquisition from SBB.

Another Attractive CBD Plot for Sale in Oslo

Norway Norway — Expectations for a divestment worth more than NOK 1 billion. Norwegian Directorate of Public Construction and Property’s adviser Olav Magnus Moen tells about the process, and potential interested investors.
Brygghuset.

Magnolia Sells to Heimstaden

Sweden Sweden — Magnolia Bostad has sold an additional project to Heimstaden Bostad, this time in Ursvik, Sundbyberg’s municipality. The sale is consisting of around 380 residencies, a nursery school, 8 retail premises and 168 garage spaces. The estimated property value at completion will be around SEK 1.0 billion.
Veidekke to build for Felleskjøpet at Gardermoen.

Veidekke Builds New Warehouse at Gardermoen

Norway Norway — Veidekke Logistikkbygg has signed a contract with Olav Thon Eiendom (Gardermoen Park AS) for the construction of Felleskjøpet's new central warehouse at Gardermoen.
Ilija Batljan.

SBB Initiates a Collaboration with Odalen Fastigheter

Sweden Sweden — SBB initiates a collaboration with Odalen Fastigheter through a joint-venture company to scale up new construction of community service properties with a focus mainly on elderly care homes. The joint-venture company is already building an elderly care home in Ängelholm and is preparing for new construction in Gothenburg.
Which companies are the winners and which are the losers on the stock market in June?

These Are the Winners and Losers on the Stock Market in June

Nordic — Nordic Property News has the complete list of how the Nordic real estate and construction companies performed on the stock exchange in June.
The recent sold property at Drammen station.

Bane NOR Eiendom Sells Its New Office Building in Drammen

Norway Norway — Bane NOR Eiendom sells its centrally located office building, Drammen station Business Center (DBC). The modern, BREEAM-NOR certified building has in the process received great interest from both Norwegian and international investors.
In the suburb area of Valby, West Copenhagen, another investment from an international actor has been made.

Global Investor Makes a Residential Acquisition in West Copenhagen

Denmark Denmark — Makes an acquisition for an undisclosed amount of a c. 6,000 sqm residential investment in Valby, an established suburb in West Copenhagen. “The position from the international investors has changed during covid-19.”
Sverker Källgården, CEO of Cibus Nordic Real Estate.

Cibus Acquires Another Real Estate Portfolio in Finland

Finland Finland — Cibus continues to invest and grow by an acquisition of a real estate portfolio of 5 assets in the Oulu region for EUR 14,5 million. The properties are fully let with S Group as anchor tenant.
Olof Andersson, CEO of Trianon.

Trianon Purchases Residential Properties in Central Malmö and Arlöv

Sweden Sweden — Trianon has signed an agreement for the acquisition of residential properties in central Malmö and Arlöv covering 19,700 square meters, distributed on 211 apartments with associated commercial premises. The agreed property value is SEK 400 million.
The sold office property in Drammen, and Bård Bjølgerud, CEO of Pangea Property Partners.

The Advisor on the Record Deal: “We Are Not Surprised”

Norway Norway — Bane NOR Eiendom has just announced the record sale of a 13,000 sqm office building in Norway’s number six, Drammen, just outside of Oslo, for NOK 740 million to a syndicate organized by DNB Markets. Pangea Property Partners’ CEO Bård Bjølgerud comments on the deal.
Who have landed top jobs in the Nordic real estate market during H1, 2020?

H1 2020: Top Ten Recruitments in the Nordics

Nordic — Nordic Property News lists the people who was recruited to the most attractive jobs in the Nordic real estate market – during the first six months of the year.
Johan Tengelin.

Johan Tengelin to Take Over as CEO of Magnolia

Sweden Sweden — Magnolia Bostad’s Board of Directors announces that Johan Tengelin will take over as CEO of the company no later than December 2020. He will succeed Fredrik Lidjan.
K-Fastigheter buys building right to build 60 rental apartments in Gävle.

K-Fastigheter Acquires Building Rights in Gävle

Sweden Sweden — K-Fastigheter and Boklok have signed an agreement on the development of a building right in Gävle, and are planning to construct 60 rental apartments with a lettable area of 3,876 square metres.
Johan Claesson, acting CEO of Catella.

Catella Invests to Develop Logistic Property in Norrköping

Sweden Sweden — Catella invests MSEK 500 to develop a logistic property in the municipality of Norrköping together with the former owners of Royal Design. The transaction is conditional on the granting of building permits.
Philippe Cervesi, Investment Director of Corum Asset Management.

French Investor: ”We Have Broken Some Deals”

Nordic — Philippe Cervesi, Investment Director of Corum Asset Management, tells about the future Nordic targets, and whether any Nordic deals have been made during the pandemic.
The Sisjön area. New plans will be cancelled.

Giant Mixed-Use Development Project to Be Cancelled

Sweden Sweden — 45,000 square meters of a planned mixed-use development area will not take place in Sweden’s second largest city, Gothenburg. Here is why.
Spektri Business Park.

Spektri Business Park to Reduce Energy Consumption

Finland Finland — Spektri Business Park in Finland is implementing a large-scale project to reduce energy consumption and emissions, with the aim of producing major improvements in the property's energy efficiency.
Johan Skoglund, CEO of JM.

JM Acquires Building Rights in Södertälje

Sweden Sweden — JM has signed an agreement with Södertälje Municipality to acquire the Karlevik 4:1 et al property in Södertälje, Stockholm. The property’s detailed plan has gained final approval, and the acquisition enables development of approximately 450 residential units.
How has the development on the office markets in Helsinki, Oslo, Stockholm, and Copenhagen been the last five years?

Five Year Rent and Yield Development in the Nordic Capitals

Nordic — The office market worldwide is put through big challenges. But how has the rent and yield development been the last five years in the Nordic capitals? Nordic Property News lists the development in the office market.
The transformation of the office market is here, claims Tuula Klemetti, Sales Director of Business Premises at YIT.

New Demands on the Office Market to Expect: “The Required Space Will Be Reduced”

Finland Finland — The coronavirus spring started discussions about the future of open plan offices, but a bigger transformation has been in progress for a long time. Tuula Klemetti, Sales Director of Business Premises at YIT, tells Nordic Property News about the new office reality after the pandemic.
Magnus Björndahl and Marcus Hansson.

Balder Execs Released

Sweden Sweden — The two senior executives Marcus Hansson and Magnus Björndahl, who have been detained on alleged insider crime, were released on Wednesday evening. The suspicions against the duo remains.
Espoo.

Avara's Fund Develops 180 Rental Apartments in Espoo

Finland Finland — Avara Residential Fund II develops four residential buildings in the Suvela district in Espoo. The buildings will comprise 180 rental apartments and the investment value of the project amounts to some EUR 40 million.
Genova Property Group's CEO Michael Moschewitz is looking forward to the listing of the ordinary shares at Nasdaq Stockholm.

Genova's CEO Towards the IPO: “The Money We Raise Will Be Used for Acquisitions”

Sweden Sweden — Next week, the IPO of the community service property company Genova Property Group’s ordinary shares will take place at Nasdaq Stockholm. CEO Michael Moschewitz tells Nordic Property News about the expectations, why they stand out in the competition, and how his leadership has been tested these last months.