Most Discount to NAV in the Nordics

Nordic — What Nordic real estate companiy shares offer the most discount to NAV? Nordic Property News has the list.

Major Swap Between Entra and Aberdeen

Norway Norway — Entra and Aberdeen have entered into a property swap transaction where Entra will buy the property St. Olavs plass 5 in Oslo for MNOK 850 (EUR 87M) and sell the properties Tollbugata 1, Pilestredet 19-21 and Pilestredet 28 to Aberdeen for NOK 1.1 billion (EUR 113M).
Henrik Gerdin.

Niam Recruits Henrik Gerdin as Fund Manager

Nordic — Niam has hired Henrik Gerdin as Fund Manager for Niam Nordic VI. Henrik Gerdin has extensive experience in real estate investing and before joining Niam, he held the position of Head of Transactions at Kungsleden.

Danish Toy Giant in Dire Straits

Nordic — Top-Toy has filed for restructuring in the bankruptcy court. With its back against the ropes the Danish toy giant closes over 100 stores across the Nordics. Here are the affected real estate owners.
Mikael Granath.

Willhem Makes Residential Acquisition in Malmö

Sweden Sweden — Willhem further expands its property portfolio by acquiring 265 rental apartments in Malmö. The properties are acquired by PP Pension at an agreed property value of MSEK 600 (EUR 58M).
Arctic acquires logistics in Sweden.

Arctic Acquires Logistics

Nordic — Ängsö Logistik, a real estate company established by Arctic Securities AS, has acquired a portfolio of three logistics properties in Borås, Örebro and Vansbro from Logistic Contractor. The properties are under construction by Logistic Contractor with planned completion in 2019.

German Giant Acquires Skanska's HQ

Sweden Sweden — Invesco Real Estate has sold Skanska’s head office on Kungsholmen in Stockholm to a real estate fund managed by DWS.

What Areim Looks at in the Nordics

Nordic — Last week Areim sold Solna Port to Fastpartner for EUR 190M. Now they are ready to make more acqusitions of their own. Mikael Hesselvall, CIO of Areim, tells Nordic Property News which Nordic segments they are looking at for new acquisitions.
Stockholm.

Rental Levels and Top Rents in Stockholm

Sweden Sweden — Stockholm continues to place among the most attractive cities in Europe for real estate investments. Nordic Property News can present a list of the rental levels and top rents in the different parts of the city.

Microsoft Buys Land in Sweden

Sweden Sweden — Microsoft buys 130 hectares of land in Gävle and Sandviken municipality for future use in order to strengthen its presence in Europe and the Nordic region.
Helsinki Airport.

Finavia and SRV Expands Helsinki Airport

Finland Finland — 40,000 sqm to be added to Helsinki Airport.
Skanska sells care property.

Skanska Sells to Northern Horizon

Sweden Sweden — Skanska has sold a retirement home in Växjö, Sweden, for about MSEK 240 (EUR 23M). Buyers are Nordiska Vårdhem (Northern Horizons Health Property Fund) and the tenant is Humana.

JLL Trio Starts New Investment Company

Sweden Sweden — Founder and Chairman of the Board at Tenzing Invest, Mona Örjansdotter Johansson, tells Nordic Property News of the strategy and when they look to have their first acquisition in the books.
Daniel Kindberg.

Former Real Estate CEO Prosecuted on Four Charges

Sweden Sweden — The Swedish Economic Crime Authority in Umeå is prosecuting the former CEO of Östersundshem, Daniel Kindberg, on four charges of economic crime, including gross breach of trust and gross accounting fraud.

Castellum Shifts Focus – Stockholm MD Leaves the Company

Sweden Sweden — Castellum increases focus on logistics and offices. With the shifting focus the company makes change at the top. Anders Nilsson, Managing Director for Region Stockholm-North, leaves the company effective immediately.

Genova Acquires in Sollentuna

Sweden Sweden — Genova Property Group has acquired the properties Sjöborren 5 and 6 in Sollentuna.
Sampokeskus.

Citycon Sells Shopping Centre to Trevian

Finland Finland — Citycon has sold shopping centre Sampokeskus in Rovaniemi, Finland to a fund managed by Trevian AIFM.

Peab Builds Apartments and Offices in Jyväskylä

Finland Finland — Peab builds a combined office and residential building in Jyväskylä for Järvi-Suomen Asunnot and Royal-House.

They Provide the Best Yields Among Listed Nordic Companies

Nordic — Nordic Property News takes a close look on at which of the listed Nordic construction and real estate companies that provide the best yield.

Fastpartner Acquires Solna Port

Sweden Sweden — Fastpartner has acquired the property Brahelund 2 (Solna Port) in Solna from Areim for SEK 1.935 billion (EUR 190M).
Västberga Handel.

Atrium Ljungberg Sells Västberga Handel

Sweden Sweden — Atrium Ljungberg has concluded an agreement on the sale of the Arbetsstolen 3 property in Stockholm, better known as Västberga Handel. The purchase price is based on an underlying property value of MSEK 437 (EUR 43M). Balder-owned Serena Properties is the buyer.

Jeudan's EUR 214M Investment Cancelled

Denmark Denmark — Jeudan's DKK 1.6 billion investment in PWC's new Copenhagen domicile is cancelled.

Swedish Hotshots on their New Company

Sweden Sweden — Swedish real estate hotshots Erik Selin, Greg Dingizian and Peter Strand has formed a new company focusing on logistics. Chairman Peter Strand tells Nordic Property News of the the structure of the company and why the chose to focus on logistics.
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NCC to renovate an office into a hotel at the main railway station in Helsinki.

NCC Turns Office Into a Hotel at the Helsinki Central Station

Finland Finland — NCC has been selected to renovate an office into a hotel at the main railway station in Helsinki, Finland. The value of the project is about MSEK 740 (EUR 72.5M) and the customer is the real estate investment company Exilion.
Rikshem acquires in Norrköping.

Skanska Sells Development Project to Rikshem

Sweden Sweden — Skanska divests Bergskvadraten development project in Norrköping, Sweden, to Rikshem for about MSEK 490 (EUR 47.7M). The block contains 101 apartments with garage and 72 nursing homes.