EQT Partners Makes Public Cash Offer for Stendörren

Sweden Sweden — EQT Partners has, through Chicago Holding, made a public cash offer for Stendörren. Owners representing approximately 50 percent of the votes has accepted the offer of SEK 100.25 per class A and class B share.

Veidekke Forms New Company for Commercial Property Development

Nordic — Veidekke Bostad and STOS Fastigheter are forming a joint venture, Veidekke Kommersiellt AB, which will also become an independent business unit within Veidekke.
Peter Neuberg.

JM Makes Executive Management Change

Sweden Sweden — Peter Neuberg, Business Unit Manager of JM Construction, has announced that he would like to resign his positions as Business Unit Manager and President of JM Entreprenad.

How Are the Nordic Real Estate Companies Leveraged?

Nordic — How are the loan-to-value situation for the listed Nordic companies? Nordic Property News has the list of how leveraged the companies are.

Kungsleden Leaves Eskilstuna

Sweden Sweden — Kungsleden has signed an agreement to sell their entire Eskilstuna stock – 15 commercial and office properties – to Regio for MSEK 700 (EUR 68M).

Hemsö in Transaction with the City of Turku

Finland Finland — Hemsö and the City of Turku are preparing a transaction whereby Hemsö will acquire a property portfolio comprised of eight nursing homes and health care properties from the City of Turku in Finland. The acquisition cost amounts to EUR 130M.

“We Might Not Need to Build Away the Office Shortage”

Sweden Sweden — The office shortage in Stockholm has led to a scolding hot market with rents sky rocketing – but also a market where real estate owners see problems to grow with their tenants. A large focus is on construction and creation of new offices. Anneli Jansson, CEO of Humlegården, sees a future scenario where a different solution might be possible.

Fredensborg Acquires in Vollebekk

Norway Norway — Ivar Tollefsen's Fredensborg Bolig acquires in Vollebeck to develop housing.

Partnera Reduces Its Holdings in Soumen Hoivatilat

Finland Finland — Konstsamfundet and Kusinkapital becomes largest shareholders in Hoivatilat.

Largest Rental Growth in the Nordics

Nordic — Which company has had the highest rental growth in the Nordics? Nordic Property News has the list.
Marie Bucht.

Swedish Advisor Makes Recruitment Push

Sweden Sweden — The advisor Novi Real Estate hires eight new employees. CEO Marie Bucht tells Nordic Property News of the new team and the next step for the company.
Bygg-Göta acquires the Bauhaus property in Sisjön, Gothenburg.

Bygg-Göta Acquires in Gothenburg

Sweden Sweden — Bygg-Göta strengthens their portfolio by acquiring the Bauhaus property in Sisjön, Gothenburg. The seller is Alaska Fastigheter.
David Mindus.

Sagax Makes New Finnish Purchase

Finland Finland — Through four separate transactions, Sagax has acquired five properties in Finland and one property in the Netherlands.

Norwegian Property Divests in Stavanger

Norway Norway — Norwegian Property (NPRO) sells the Forus properties to V20 Invest and 50 percent of the Badehusgata 33-39 to Camar Eiendom and Agera Eiendom.
Realdania By & Byg acquires iconic office building.

Realdania Buys Iconic Office Building

Denmark Denmark — Realdania By & Byg buys business property from the 1960s.
Hemfosa builds in Västerås.

Hemfosa Builds in Västerås

Sweden Sweden — Hemfosa has secured a contract to construct Socialtjänstens Hus in Västerås. The new building will be constructed on Hemfosa’s Sigurd 6 property in central Västerås and is scheduled to be completed in the third quarter 2021. The investment is estimated to total some MSEK 245.
Balder acquires in Solvallastaden.

Off to the Races – Balder Acquires Building Rights by Horse Race Track

Sweden Sweden — In an agreement with Stockholms Travsällskap as selling parts Balder has acquired future building rights of some about 83 000 sqm, corresponding to six blocks of housing and commercial premises for both commerce and local service.

Who Has the Lowest Vacancies?

Nordic — Nordic Property News presents a list of the vacancy rates among the Nordic real estate companies.

”Money Is Starting to Become Expensive”

Sweden Sweden — Sven-Olof Johansson, CEO of listed Swedish Fastpartner, on the economic slow-down and how to best prepare for what’s to come.

Google Invests EUR 600M in Data Center

Denmark Denmark — High-quality digital infrastructure and support for renewable energy production are two factors that makes Google invest EUR 600M in a new data center outside Frederica, in western Denmark.

Amasten Sells to Fastator and Offentliga Hus

Sweden Sweden — Amasten sells twelve commercial properties to Fastator and Offentliga Hus.

Ikea Makes Major Real Estate Investment

Sweden Sweden — Ingka Centres, formerly Ikea Centres, has unveiled a major new strategic vision that will see it invest €5.8 billion over the next three years to create new Ikea anchored meeting places across the world.
Mats Hederos.

Wework Landlord on the Effect of the Coworking Giant’s Nordic Entry

Nordic — Mats Hederos, CEO of AMF Fastigheter, on what effect Wework entering Sweden and the Nordics will have on the real estate market.

The Nordic Real Estate Companies’ ICR Levels

Nordic — There is a lot of focus on the development of the Nordic interest rate levels. Nordic Property News presents figures on the interest cover ratios for the Nordic real estate companies.

Cromwell REIT Acquires 11 Properties in Finland

Finland Finland — Cromwell REIT has acquired 11 properties in Finland as part of a 23 property European portfolio.