Why Agore Chooses Secondary Cities over Helsinki

Finland Finland — Agore Kiinteistöt has acquired two shopping centers from a fund advised by Barings Real Estate. Maria Söderman, Business Director responsible for Agore’s operations, tells Nordic Property News of the company's plans for the centers and why they don't acquire in Helsinki.

Sweden's Largest Purchasers in 2018

Sweden Sweden — Nordic Property News can present a list of the listed Swedish companies that has made most purchases in the first quarter of 2018.

Nordea Liv Makes EUR 50M Acquisition

Norway Norway — Nordea acquires two properties in Økern from Centiennial Eiendom. The transaction price is MNOK 480 (EUR 50M).

Folksam and Aberdeen to Launch New EUR 300M Fund

Nordic — The Folksam Group, one of the largest insurance companies in Sweden, and Aberdeen Standard Investments has announced the launch and first close of AIPP Folksam Europe II, a real estate fund of funds open only for investors from the Folksam Group.
Kruunuvuorenranta.

New City Block in Kruunuvuorenranta

Finland Finland — YIT and the City of Helsinki are planning a city block in Kruunuvuorenranta.
Sjösättningen 1.

Skanska Sells to Vectura in Malmö

Sweden Sweden — Skanska has sold the property Sjösättningen 1 in Malmö for EUR 28M. The building containing a pre-school and a retirement home has been developed by Skanska Sweden.
Rolf Buch, CEO of Vonovia,

German Giant in Bidding War with Starwood for Victoria Park

Sweden Sweden — German Vonovia has made a EUR 895M public cash offer for the shares in listed Victoria Park – just a month after Starwood made an offer for the same company. Rolf Buch, CEO of Vonovia, tells Nordic Property News of the interest in Victoria Park, the Swedish real estate market and the discussions with Starwood.

Board Members on New Offer for Victoria Park

Sweden Sweden — Peter Strand, former CEO and current chairman of the board, and board member Pia Kinhult tells Nordic Property News their views on the offer from Vonovia.

Antilooppi Acquires Helsinki Office Property

Finland Finland — Antilooppi has acquired an office property at Elimäenkatu 17–19 from Aberdeen Standard Investments for EUR 15.15 million. The area of the property is approximately 10,000 sqm and it has nearly 300 parking spaces.
Joachim Hallengren.

Bonava Sells 106 Apartments in Tampere

Finland Finland — Bonava is selling a rental project in Lielahti, Tampere. The buyer is the investor Localtapiola Real Estate Ltd and the transaction encompasses 106 rental apartments. 

Heimstaden Recruits New Chief Operations Officer

Nordic — Heimstaden has appointed Helge Krogsbøl as Chief Operations Officer. Helge Krogsbøl will be responsible for Heimstaden's Scandinavian management organization with a focus on growth and customer experience.

Logicenters Completes Development in Port of Køge

Denmark Denmark — One year ago Logicenters acquired a property of 31,100 square meters in port of Køge. This also marked the start for the development of a new distribution center for the tenant DKI Logistics A/S. The development was completed in the middle of April.
Svein Erik Lilleland.

D Carnegie on New Investments and Tightened Competition

Sweden Sweden — After a strong opening of 2018 Blackstone-owned D Carnegie tells Nordic Property News of the plans for further growth and the tightened competition.

SBB Acquires from Bouwfonds

Sweden Sweden — Samhällsbyggnadsbolaget i Norden acquires 135 apartments in Stockholm from Bouwfonds European Residential. The portfolio is divided into six residential properties, including three leasehold properties.

Swedish Foundation Enters New M&G Fund

Sweden Sweden — A Swedish foundation enters as an early investor into M&G's new investment fund.
Mölndal Galleria.

Citycon to Buy NCC’s Share of Mölndal Galleria

Sweden Sweden — Citycon is to acquire NCC’s 50 percent share of Mölndal Galleria for a purchase consideration based on a property value corresponding to EUR 56M.

Localtapiola Sells Residential Portfolio to AXA

Finland Finland — Localtapiola Real Estate Ltd’s managed fund Tapiola KR IV Ky has sold a portfolio of three prime residential properties providing a total of 89 apartments and a lettable area of 5,632 square meters to AXA IM - Real Assets, acting on behalf of its clients.

Peab Extends Hospital in Norway

Norway Norway — Peab has been commissioned to extend Martina Hansens Hospital in Baerum, south of Oslo. The customer is the Martina Hansens Hospital Institute and the contract is worth EUR 20M.
Linn Idsø Brenne.

Why Norwegian Investors Look to Finland

Nordic — Norwegian property investors looks more and more towards the Finnish market. Linn Idsø Brenne, Director and Partner at Pangea Property Partners, tells Nordic Property News of the new trend.
Atrium Ljungberg acquires in Stockholm.

Atrium Ljungberg Acquires Property in Stockholm

Sweden Sweden — Today Atrium Ljungberg has signed an agreement to acquire the Kylfacket 3 property in Slakthusområdet in Stockholm. The property comprises a total of 4,500 sqm and is being acquired at an underlying property value of MSEK 150 (EUR 14M).
Ilija Batljan.

Fast-Growing Swedes Looking for Danish Expansion

Denmark Denmark — SBB has taken strong positions within the social property market in both Sweden and Norway and has recently entered Finland. Now the fast-growing company is looking for a Danish expansion. CEO Ilija Batljan tells Nordic Property News of the future plans and the value of adding a new market.

Brunswick Real Estate's Investment Banking Changes Name to Nordanö

Nordic — In order to clarify the independence of the two businesses, both operationally and in terms of ownership, the advisory business now changes name to Nordanö, while the investment management retains the name Brunswick Real Estate.

SBB Makes New Finnish Acquisition

Finland Finland — Samhällsbyggnadsbolaget i Norden (SBB) continues to expand in Finland through the acquisition of an elderly care property in Helsinki.

"The Stars Have Never Aligned This Well…"

Sweden Sweden — Hemfosa diveds the company into two: Hemfosa and Nyfosa. CEO Jens Engwall tells Nordic Property News about the company division, the excellent opportunities the real estate industry offers at the moment and when he actually will retire.
The new hotel.

Scandic to Open Hotel in Landmark Building in Helsingborg

Sweden Sweden — Scandic has signed a new long-term lease agreement with Midroc for a new hotel in the new development in the Helsingborg harbor, expected to open in 2021. The hotel will encompass approximately 180 rooms with meeting facilities, fitness area, restaurant, bar and a sky bar.