News | Nordic Property News

YIT to Construct New Hotel in Turku

Finland — YIT, Rausanne Oy and Turun Osuuskauppa (S Group, Turku Cooperative Society) together have agreed to construct a new hotel in Kupittaa, Turku. The value of the transaction is approximately EUR 30M. The project will be entered in the order backlog for the second quarter of the year.

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

Mikael Söderlundh.

Residential Dominates the Nordics

Nordic — Residential has been the most substantial segment as the Nordic transaction market notes the second highest listing ever in the first six months of 2018. Mikael Söderlundh, Head of Research and Partner at Pangea Property Partners, tells Nordic Property News about the factors behind the rise of the residential market.

Castellum enters Finland with an acquisition from Skandia.

Castellum Enters Finland with EUR 81M Acquisition

Finland — Castellum has acquired a substantial property in central Helsinki from Skandia, thereby establishing itself as a major player in a new attractive market.

The new complex will be located next to the Ratina shopping center.

NCC Constructs Office and Retail Complex in Tampere

Finland — NCC is to construct an office and retail complex next to Ratina shopping center in Tampere. The customer is Sponda Plc and the value of the project is approximately EUR 25M.

The hotel will contain 453 rooms.

Balder in New Hotel Investment

Sweden — Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.

Peab Builds School in Kangasala

Finland — Peab has been commissioned to tear down old school buildings and build a new school in Vatiala, Kangasala City. The customer is Kangasala Municipality located in the middle of Finland and the contract is worth EUR 12M.

These Are McDonald's Focus Areas in the New Nordic Expansion

Nordic — The world's largest fast food chain McDonald's increases their investments in the Nordic region with a new expansion of 100 new restaurants in the coming five years. Christer Åberg, CEO of McDonald's in the Nordics, tells Nordic Property News about the distribution of the new restaurants and in what areas they are looking for new establishments.

Why Helaba Strengthens Their Nordic Presence

Nordic — German Helaba strenghtens their position in the Nordic countries by converting their Stockholm representive office into a fully-fledged branch. Michael Kröger, General Manager International Real Estate Finance at Helaba, tells Nordic Property News of why Helaba views on the conversion, the Nordic markets going forward and the foreign interest.

Entra Purchases Plots in Bergen

Norway — Entra has purchased two plots by the Media City Bergen property in Bergen for EUR 14M.

Balder an Important Partner in Väsby Entré

Sweden — Fastighets AB Balder will be a so-called anchor partner in the work on Väsby Entré in Upplands Väsby, and will develop more than half of the project.

Peab Builds for Technopolis in Oulu

Finland — Peab has been commissioned to build the second stage of the company Technopolis’ office building on Sepänkatu in Oulu.

Suomen Hoivatilat Expands to Sweden

Nordic — Suomen Hoivatilat Plc has previously announced its intention to explore opportunities to expand business operations to other Nordic countries. Hoivatilat has now resolved to establish a Swedish subsidiary.

Rent Levels in Gothenburg

Sweden — Gothenburg is the fifth largest city in the Nordic countries and one of the fastest growing. Nordic Property News presents figures for rent levels in the city.

EUR 929M Deal on Rocky Residential Market

Sweden — Heimstaden has entered a framework agreement with Magnolia Bostad for projects in Greater Stockholm and the Öresund region worth approximately EUR 929M. Fredrik Årman, Head of Transaction at Heimstaden, tells Nordic Property News on the thoughts of making a blockbuster deal on the current residential market.

Stendörren Acquires from Profi

Sweden — Stendörren acquires six properties in Stockholm from Profi. The transaction price is EUR 89M.

Corpus Sireo: “We Expect the Next Investments to Be Closed by the End of the Year"

Finland — Corpus Sireo has made their first Finnish acquisition for a real estate fund launched by Swiss Life Asset Managers. Manuel Böcher, Head of Transaction International, tells Nordic Property News of the acquisition and the future in the Nordics.

Forenom Expands in Norway

Norway — Forenom is expanding and the new CEO, Ola A. Bjørnstad, is the company`s first Norwegian leader in Norway.

Hökerum Purchases in Central Borås

Sweden — On July 2nd Hökerum Fastigheter takes possession of two new properties in central Borås. They are Uranus 9 and 17, located on the corner of Mariedalsgatan/Lidaholmsgatan, close to highway 40.

Skanska sells to Senate Properties.

Skanska Sells Office Building in Helsinki for EUR 53M

Finland — Skanska has sold the office building K6 in Helsinki for EUR 53M. The buyer is Senate Properties.

Here Are Antilooppi's Focus Areas in Helsinki

Finland — Antilooppi acquired two Helsinki office buildings from Cromwell for EUR 43M. CEO Tuomas Sahi tells Nordic Property News what Helsinki areas Antilooppi focuses on.

Vasakronan Acquires Retail Property in Uppsala

Sweden — Vasakronan has acquired the property Dragarbrunn 18: 3 in central Uppsala from SEB Trygg Liv. The purchase price amounts to MSEK 284.5 (EUR 27.7M).

Victoria Eiendom Makes Multiple Transactions in Oslo

Norway — Victoria Eiendom purchases and divests in central Oslo.

YIT and Are to Build Metro Station in Espoo

Finland — A consortium formed by YIT, Are and Länsimetro Oy have signed an agreement on the construction of the Soukka station on the West Metro line in Espoo. The value of the contract is approximately EUR 50M, whereof YIT’s share is approximately EUR 35M.

Ilija Batljan.

SBB Purchases in Karlskrona

Sweden — Samhällsbyggnadsbolaget purchases 114 apartments in Karlskrona, split among six apartment buildings.

Vonovia Majority Owner in Victoria Park

Sweden — Dispite rejection from Starwood for their shares in Victoria Park – German Vonovia completes the public cash takeover offer for Victoria Park and extends the acceptance period.