News | Nordic Property News

Shopping Center About to Switch Owner

Norway — An Arctic Securities syndicate is looking to acquire a shopping center in Åsane from Scala.

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

Fabege Sells to Pareto Company

Sweden — Fabege has divested the Lagern 4 property in Solna for MSEK 268 (EUR 26M) to one of Pareto's newly formed companies.

Realkapital Investor Acquires in Oslo

Norway — Realkapital Investor acquires a 11,200 sqm office and combination property in Oslo.

Hilton Foods Buys from Coop

Denmark — As Hilton Foods and Coop extend the company's cooperation agreement, Hilton Foods acquires the Coop property of 48,000 sqm in Aarhus, which they use to produce goods for the Danish market.

The building as seen from Hamngatan.

Here Is Apple's New Stockholm Flagship Store

Sweden — Apple has acquired the property that today hosts the TGI Fridays restaurant. The tech giant is hoping to move one step closer to opening up their Stockholm flagship store – but questions surround the detailed development plan.

Vectura in Large Stockholm Project

Sweden — Stockholms stad proposes land allocation to Vectura, which concerns the neighborhood Forskaren in central Hagastaden, Stockholm. The land allocation gives Vectura the opportunity to build a building that contributes to a world-class research and innovation cluster, as well as a place where Stockholm's knowledge exchange is in focus.

Tre Kronor on Norwegian Entry and the Differences Between Norway and Sweden

Norway — The Swedish interest in the Norwegian market remains at a high level. That latest company to go west is the Catella company Tre Kronor Property Investment. CEO Michael Johansson tells Nordic Property News what makes the Norwegian market attractive and what differences he sees between Sweden and Norway.

Scala Hires from Citycon

Norway — Scala Eiendom, the company formed by the merger between Scala Retail Property and Salto Eiendom, adds a new key player to the team.

Mill Park.

Skanska Sells Office Project in Budapest

Sweden — Skanska sold Mill Park, a two-building office project in Budapest, Hungary, to the real estate fund of Erste Alapkezelő Zrt., a subsidiary of Erste Asset Management GmbH, for EUR 100M.

DSB Transforms 5,500 sqm of Workspace to Temporary Student Housing

Denmark — DSB Ejendomme gives the City of Copenhagen a helping hand in the struggle to create more homes for the city's many students. A particularly attractive area close to the Carlsberg Campus will so far be transformed into between 80 and 100 homes.

Erika Olsén.

Castellum's CIO Leaves the Company

Nordic — CIO Erika Olsén has decided to leave Castellum for a new assignment outside the group.

Hemfosa Completes Largest Swedish Transaction of 2018

Sweden — Hemfosa acquires a portfolio from Starwood and Scius Partners for SEK 3.6 billion (EUR 349M), the largest Swedish transaction of 2018 this far. The 51 properties are to be part of the newformed company Nyfosa.

Gångaren 11.

Why Allianz Looks for More in the Nordics

Sweden — Allianz Real Estate acquires a Stockholm office building from AMF for approximately EUR 175M. Nicole Pötsch, Head of Acquisitions North and Central Europe, tells Nordic Property News of what lies ahead in the Nordics for the German company.

Tre Kronor Makes First Norwegian Acquisition

Norway — The Catella company Tre Kronor has made their first Norwegian investment by acquiring 13 properties.

NCC to Build 235 Student Apartments in Aarhus

Denmark — NCC has been commissioned by the housing development company KONstruct to build 235 rental apartments for students and a café on Gøteborg Allé in Aarhus, Denmark. The investor is the Gøteborg Allé 7 ApS investment company.

YIT to Sell Projects in Finnish Growth Centres to Investors

Finland — YIT to sell projects in Finnish growth centres to investors and the first plots to the newly established plot fund.

Johannes Merbom, new CEO of Östersundshem.

Swedish Chaos Company Appoints New CEO

Sweden — Swedish Östersundshem had a turbulent spring with the former CEO Daniel Kindberg being charged with fraud and the board quitting. Now Östersundhem has appointed a new CEO to bring back the calm.

Technopolis Invests EUR 25M in Campus Expansion in Oulu

Finland — Technopolis has decided on a EUR 25M investment to expand its CBD campus in Oulu. Construction work is scheduled to start in July 2018, after receiving a building permit. The project is due for completion in March 2020.

JM Acquires Property in Espoo

Finland — JM is acquiring a centrally located school property in Leppävaara, Espoo, in the Greater Helsinki area. The property’s detailed plan has gained final approval for 850 apartments.

Magnolia Sells to Slättö

Sweden — Magnolia Bostad signed an agreement for the sale to Slättö of around 650 residences in Bro, Upplands-Bro municipality. The value at completion is expected to amount to around EUR 113M.

Why the Finnish Transaction Volume is Decreasing

Finland — Finland continues to be smoking hot on the real estate market. Despite this, the transaction volume has decreased by 48 percent compared to the first half of 2017. Mikael Söderlundh, Head of Research at Pangea Property Partners, tells Nordic Property News why the numbers are decreasing despite a continuously attractive market.

Largest Nordic Transactions of H1 2018

Nordic — An intense first half of 2018 is in the books. The Nordic countries are on pace to set a new transaction record. Nordic Property News has listed the ten largest transactions.

Herning Center Changes Owner

Denmark — Danske Shoppingcentre, a JV between ATP Ejendomme and Danica Ejendomme, acquires Herning Center, making it their 17th Danish shopping center.

Peab Builds High-rise in Esbo

Finland — Peab has been commissioned to build a high-rise in the city of Esbo. The customer is the state-owned rental company A-Kruunu and the contract is worth EUR 15M.

Skanska Constructs Metro Station for EUR 51M

Finland — Skanska has signed a contract with Länsimetro Oy to build a metro station in Kivenlahti. The contract is worth EUR 51 M.