Niam Appoints Director

Sweden Sweden — Niam has appointed Christian Ekberg Director, Acquisitions.
TOP 4 Nordic
Marius Hauland Næss, CEO and Managing Director of Snøhetta Oslo.
Nordic Nordic —
Snøhetta architect: "We must dare to think in terms of higher density"
Leiv Synnes, Louise Bergqvist, David Dahlgren and Johan Zachrisson.
Nordic Nordic —
The industry's hottest free agents
The latest figures from Colliers show that it has been a stable start to the autumn transaction season despite rising interest rates.
Nordic Nordic —
Stable start to the autumn transaction season despite rising interest rates
Kristina Alderin.
Nordic Nordic —
Nordika appoints new Investment Director

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.

Heimstaden Enters New Market

Nordic — Heimstaden has completed its first transaction in the Netherlands. The property is located in Utrecht and consists of smaller apartments in close proximity to the university.

Blackrock Makes Second Finnish Purchase

Finland Finland — Blackrock has completed their second Finnish purchase and acquired the landmark building located at Erottajankatu 2 in Helsinki.
Keith Silverang.

“A Feeling of Being in Limbo”

Nordic — Technopolis CEO Keith Silverang on the time passed since the Kildare offer, the UMA expansion in the Nordics and entering Poland.

Union Investment’s Next Step in the Nordics

Nordic — Union Investment has been an active player in the Nordics. With several purchases in Arenastaden, Stockholm from Fabege and series of recent acquisitions and divestments in Finland Kubilay Özbisikletci, Senior Investment Manager Nordic Region at Union Investment Real Estate, tells Nordic Property News of Union Investment’s Nordic focus going forward.

Logicenters Acquires in Logistics Property

Norway Norway — Logicenters expands the property portfolio in Norway with the purchase of a newly developed logistics facility in Råde, 70 kilometers from Oslo.

Gefion Looks to Acquire Victoria Properties

Denmark Denmark — Gefion Group A / S has just announced that it will submit a takeover bid to the shareholders of the listed property company Victoria Properties A / S. The plan is to create an operating company with a significant property portfolio.

Change in CEO at SGBC

Sweden Sweden — Cecilia Ehrenborg Williams steps down as CEO of SGBC. John Söderberg steps in as acting CEO.

Corem Letts out 6,600 sqm

Sweden Sweden — Corem has signed an agreement to lett out to Gastro Food in Jönköping. The length of the lease is eight years.

"Foreign Investors Will Keep Being Quite Active"

Finland Finland — Last week NCC sold an office building in Helsinki to Swiss Life and keeps the pace up on the Finnish market. Petri Bergström, Head of NCC Property Development Finland, tells Nordic Property News of the divestment, what next for NCC PD and how he believes the foreign interest in the Finnish market will develop.
Linus Ericsson.

How the New CEO Wants to Develop JLL

Sweden Sweden — JLL Sweden has named Linus Ericsson as Daniel Gorosch’s successor. The new CEO tells Nordic Property News how the company will develop and how they want to expand.
The Big Blue.

Wingårdhs Creates World Ocean Headquarters

Norway Norway — The building in Oslo will, among other things, serve as a hub for the UN's "Our Ocean, Our Future: Call for Action", the political momentum built to save the oceans of the world.