News | Nordic Property News

Prologis acquires in Upplands Väsby.

Prologis Makes Stockholm Purchase

Sweden — Prologis announce the acquisition of two modern facilities with a total of more than 16,000 square meters in Upplands Väsby and Rosersberg, close to Stockholm Arlanda Airport.

TOP 4 Nordic

Johan Gyllberg.

Nordic

Nordic —

Global hotel giant heads to Kvarnholmen in 20-year deal

The deteriorating outlook is being driven by a combination of stricter climate regulations, growing pressure from capital markets and increasing tenant demand for sustainable premises.

Nordic

Nordic —

German investors warn of energy crisis in property portfolios as technology emerges as lifeline

Carl-Adam von Schéele.

Nordic

Nordic —

Urban Partners launches first-of-its-kind fund to accelerate urban regeneration

Housing is singled out as the single most important factor behind the differences between European capitals. For families who rent, housing costs are by far the largest expense item (the people in the image have nothing to do with the text).

Nordic

Nordic —

Stockholm among Europe’s most affordable capitals despite high housing costs

Atrium Ljungberg and Folksam swaps properties.

Atrium Ljungberg and Folksam in Major Property Swap

Sweden — Atrium Ljungberg and Folksam are selling properties to each other in a swap worth SEK 3.7 billion (EUR 335M).

Balder Acquires Portfolio from Castellum

Sweden — Balder has together with institutional capital entered into an agreement with Castellum to acquire a real estate portfolio including office, warehouse and logistic properties in Stockholm and Gothenburg.

Stefan Gattberg.

Pareto on the New Business Opportunities in Finnish Social Structure

Finland — Pareto continues to invest in the Finnish social structure. After making a giant grocery store acquisition this spring they are now investing in care properties. Stefan Gattberg, Head of Corporate Finance and Project Finance at Pareto, tells Nordic Property News what makes Finland attractive, when they hope complete their next acquisition and what other areas of the social structure that could provide acquisition opportunities going forward.

The Winners of the Swedish Rental Growth

Sweden — The Swedish Union of Tenants has presented figures of where in Sweden the rents have risen the most in the last year. Nordic Property News has assembled a list of the real estate companies that are the winners of the rental growth.

Evli Acquires Six New Nursing Homes

Finland — Evli Fund Management Company's Evli Healthcare I Ky fund has signed a contract to purchase a portfolio of six new nursing homes. The seller is Fincap Oy and a private investor group.

Aberdeen Standard Investments and Ailon Buys in Stockholm

Sweden — Aberdeen Standard Investments has acquired the Transformatorverkstaden building in Hammarby in cooperation with Ailon Group. Aberdeen Standard Investment and Ailon Group will redevelop the historic building into micro-living and co-working space.

"We Will See More Large Retail Transactions"

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.

SSM Exits Major Deal

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

Tristan Fund Acquires Landmark Office in Oslo for EUR 122M

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 — 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 — 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 — 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 — 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.