"We Will See More Large Retail Transactions"

Finland Finland — One of the largest retail transactions in Finnish history took place when a Morgan Stanley fund purchased the Itis shopping center from Wereldhave for EUR 516M. Janne Eriksson, Managing Director of Cushman & Wakefield Finland – who was the seller's advisor in the transaction, sees opportunities for more large retail transactions going forward.
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Mikael Åslund.
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Helena Paulsson, head of Afry Architects, and Thomas Sandell, cheif architect.
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"Our supply is being sharpened towards the market"
Blackrock is among the largest owners in several of the listed Nordic real estate companies.
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The development of Blackrock’s ownership in listed Nordic companies
Christian Fredrixon, Kristina Sawjani and Henrik Brinck Landelius.
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The hottest free agents in the industry

SSM Exits Major Deal

Sweden Sweden — SSM has decided not to continue the process to acquire five industrial properties in Täby, Segeltorp, Sollentuna and Bromsten.

Listed Swedish Company Looking at Self-Owned Coworking Concept

Sweden Sweden — With coworking booming on the Nordic markets another listed Swedish company is starting a self-owned coworking concept.

SPG Expands Team

Nordic — Scandinavian Property Group recruits four new employees to their offices in Oslo and Stockholm.

Norges Bank Makes New Major Logistics Investment

Norway Norway — The partnership between Norges Bank Real Estate Management and Prologis has acquired a logistics property and an adjacent land plot in Carlisle, Pennsylvania and a logistics property in Seattle, Washington.

Wereldhave Sells Itis for EUR 516M and Exits Finland

Finland Finland — Wereldhave sells the shopping center Itis in Eastern Helsinki to a fund advised by Morgan Stanley Real Estate Investing for EUR 516M. With the divestment Wereldhave exits Finland.

German Construction Giant Makes Nordic Push

Nordic — German Goldbeck has established themselves in Scandinavia. The company’s Head of Nordics tells Nordic Property News how they plan on acquiring significant market shares in the Nordics.

Why Pandox Reject the Swedish Market

Sweden Sweden — With the completion of another major British hotel purchase Pandox CEO Anders Nissen tells Nordic Property News why the Swedish market is not an alternative for Pandox at the moment and his views of the European markets.

Corem Acquires from Stendörren

Sweden Sweden — Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

SRV to Build Extension on S Group's Logistics Centre in Sipoo

Finland Finland — SOK has selected SRV as the main contractor in an extension project for Finland’s largest daily consumer goods logistics centre.

Victoria Park Makes First Purchase After Vonovia Takeover

Sweden Sweden — Per Ekelund, CEO at Victoria Park, tells Nordic Property News about the first acquisition since Vonovia's entry: “Hoping for more.”

Niam Appoints Director

Sweden Sweden — Niam has appointed Christian Ekberg Director, Acquisitions.

Tristan Fund Acquires Landmark Office in Oslo for EUR 122M

Norway Norway — CP 5 LL, the long-life core-plus fund advised by Tristan Capital Partners, has acquired off-market a landmark Grade A office building in Helsfyr, Oslo’s emerging eastern business district, for approximately EUR 122 million from a fund managed by Starwood Capital Group.

"Oslo Will Continue to Experience Positive Effects"

Norway Norway — Anne-Jan Jager, Director at Tristian Capital Partners, tells Nordic Property News of the major office acquisition, the state of the Norwegian economy and Tristian’s future in Norway and the other Nordic countries.

Castellum Sells to Stendörren

Sweden Sweden — Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås to Stendörren. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to MSEK 313 (EUR 30M).
Tomas Carlsson.

Here Are the Markets NCC Exits After Major Loss in Q3

Nordic — NCC presented severe losses in Q3. To straighten the ship going forward NCC has decided to vacate several Nordic markets.

Dutch Company Launches New Retail Concept to Take International Players to Sweden

Sweden Sweden — Dutch Brandspot launches new retail concept to take international players to Sweden. CEO Ilona Tailade tells Nordic Property News of the new way to take international retailers to the Swedish market – and why they have chosen to start in Gothenburg instead of Stockholm.

Stockmann to Sell Nevsky Centre

Finland Finland — Stockmann plc has signed an agreement to sell its Nevsky Centre shopping centre property in St. Petersburg, Russia, to PPF Real Estate for a purchase price of EUR 171 million.

Related article Stockmann on the Giant Divestment to AEW – and Possible Future Divestments

Finland's First Business Park Spektri to be Unified

Finland Finland — Spektri Kiinteistöt Ky, company established by the current owners of Finnish business park Spektri – Mutual Pension Insurance Companies Ilmarinen and Varma, together with the Helsingin Seurakuntayhtymä, and Yle Pension Fund – has acquired the real estate company Kvartti of Spektri. Trevian will manage the business park and acted as an advisor in the acquisition.

SBB Acquires Saab Kockum's HQ

Sweden Sweden — SBB has acquired Saab Kockum's HQ in Karlskrona. SBB are looking to turn the office building into a school.
Willhem acquires in Täby.

Willhem Purchases for EUR 46M

Sweden Sweden — Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

”Swedish Companies Act Too Cowardly”

Sweden Sweden — Why does Rutger Arnhult head towards the American market and why does he believe Swedish companies act too cowardly?

Who Owns Sweden's Most Expensive Buildings?

Sweden Sweden — The Swedish crown jewels are stored in the Royal Palace in Stockholm. But who owns the real estate crown jewels of Sweden? Nordic Property News has the complete list of owners of the 20 most expensive properties in Stockholm, Gothenburg and Malmö.

Pandox Acquires The Midland Manchester

Sweden Sweden — Pandox has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel operations will be transferred to Fattal. The total transaction value amounts to approximately MGBP 115, whereof the value of the hotel property amounts to MGBP 102.

Pensam Looks to Acquire Gabriel Ejendomme

Denmark Denmark — In March 2016, management started the process of selling the subsidiary Gabriel Ejendomme A/S. Gabriel Holding A/S has today signed a Letter of Intent with the pension group Pensam with a view to selling the entire share capital of its fully-owned subsidiary Gabriel Ejendomme A/S.