Peab Signs Construction Deal for EUR 276M

Sweden Sweden — Peab has been commissioned to expand one of the most important junctions in the West Sweden railroad system, Olskroken, with railway track overpasses. The customer is the Swedish Transport Administration and the contract is worth EUR 276M.
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
NCC sells to Arctic Securities.

NCC Divests Office Project in Lysaker

Norway Norway — NCC is divesting an office project in Lysaker outside Oslo in Norway, to Arctic Securities. The transaction is being conducted as a sale of the company with an underlying property value of approximately EUR 31M.

"We Will Soon See a New Kind of Deal"

Sweden Sweden — After nine months in quarantine Robert Treutiger finally completes the step to become new Head of Transactions at Savills. He tells Nordic Property News of his position at Savills and why he thinks a new kind of deals will emerge.

AEW Makes EUR 108M Acquisition from Stockmann

Finland Finland — Stockmann has signed an agreement to sell the iconic retail and office property known as the Book House. The purchaser is the AEW Europe City Retail Fund.

Balder Sees Possibilities on Declining Housing Market

Sweden Sweden — Swedish real estate giant Balder keeps showing strong numbers. CEO Erik Selin tells Nordic Property News what possibilities the company sees on the declining housing market.

Estea Purchases in Eskilstuna

Sweden Sweden — Estea Sverigefastigheter 3 AB purchases the Namnsdagen 1 property in Norra Munkstellstaden in central Eskilstuna. There will be a total of 164 apartments in the property.
Scandic Voss.

Scandic to Open Hotel in Voss

Norway Norway — Scandic Hotels has signed a long lease agreement with Bane NOR Eiendom to operate a new hotel in Voss.
Skanska's project in Oslo.

Skanska Builds Nursing Home in Oslo

Norway Norway — Skanska has signed a contract with Omsorgsbygg to build a nursing home in Oslo. The contract is worth about EUR 44M.

Swedes in Major Transaction with Blackstone

Sweden Sweden — The privately owned Swedish real estate group Apeiron/Ailon sells 2,500 residential units to the American real estate giant Blackstone. CEO Jacob Cronstedt tells Nordic Property News of the transaction.

Hemsö Acquires Two Nursing Homes in Turku

Finland Finland — Hemsö is acquiring two nursing homes that are under construction in the Turku region of Finland. A 12-year lease agreement has been signed with the care company Esperi Care Oy for both of the nursing homes. The investment amount is MSEK 125 (EUR 12M).

Hotel Project Scrapped for Swedish Real Estate Legend

Sweden Sweden — Swedish real estate legend Erik Paulsson's company Backahill's plans for a new hotel and spa in Helsingborg gets stopped by municipality.
Stationsgallerian i Uppsala.

Bonnier Fastigheter Enters Uppsala

Sweden Sweden — Bonnier Fastigheter purchases Stationsgallerian in Uppsala, consisting of the Fålhagen 70:1 and Fålhagen 70:3 properties, from SPP Fastigheter.
Magnus Nordholm.

Heimstaden Acquires in Copenhagen for EUR 66M

Denmark Denmark — Heimstaden has agreed to acquire the housing copperative Ringertoften, Copenhagen. The acquisition includes 411 apartments and two commercial premises, a total of about 23,720 square meters of rentable area.
Ekholmen Centrum.

Ica Fastigheter Purchases Ekholmen Centrum from Agora

Sweden Sweden — Ica Fastigheter has purchased Ekholmen Centrum in Linköping and two adjacent plots with parking spaces. The divestment is completed through a corporation to an underlying value of approximately EUR 29M.

Why Agore Chooses Secondary Cities over Helsinki

Finland Finland — Agore Kiinteistöt has acquired two shopping centers from a fund advised by Barings Real Estate. Maria Söderman, Business Director responsible for Agore’s operations, tells Nordic Property News of the company's plans for the centers and why they don't acquire in Helsinki.

Sweden's Largest Purchasers in 2018

Sweden Sweden — Nordic Property News can present a list of the listed Swedish companies that has made most purchases in the first quarter of 2018.

Nordea Liv Makes EUR 50M Acquisition

Norway Norway — Nordea acquires two properties in Økern from Centiennial Eiendom. The transaction price is MNOK 480 (EUR 50M).

Folksam and Aberdeen to Launch New EUR 300M Fund

Nordic — The Folksam Group, one of the largest insurance companies in Sweden, and Aberdeen Standard Investments has announced the launch and first close of AIPP Folksam Europe II, a real estate fund of funds open only for investors from the Folksam Group.
Kruunuvuorenranta.

New City Block in Kruunuvuorenranta

Finland Finland — YIT and the City of Helsinki are planning a city block in Kruunuvuorenranta.
Sjösättningen 1.

Skanska Sells to Vectura in Malmö

Sweden Sweden — Skanska has sold the property Sjösättningen 1 in Malmö for EUR 28M. The building containing a pre-school and a retirement home has been developed by Skanska Sweden.
Rolf Buch, CEO of Vonovia,

German Giant in Bidding War with Starwood for Victoria Park

Sweden Sweden — German Vonovia has made a EUR 895M public cash offer for the shares in listed Victoria Park – just a month after Starwood made an offer for the same company. Rolf Buch, CEO of Vonovia, tells Nordic Property News of the interest in Victoria Park, the Swedish real estate market and the discussions with Starwood.

Board Members on New Offer for Victoria Park

Sweden Sweden — Peter Strand, former CEO and current chairman of the board, and board member Pia Kinhult tells Nordic Property News their views on the offer from Vonovia.

Antilooppi Acquires Helsinki Office Property

Finland Finland — Antilooppi has acquired an office property at Elimäenkatu 17–19 from Aberdeen Standard Investments for EUR 15.15 million. The area of the property is approximately 10,000 sqm and it has nearly 300 parking spaces.
Joachim Hallengren.

Bonava Sells 106 Apartments in Tampere

Finland Finland — Bonava is selling a rental project in Lielahti, Tampere. The buyer is the investor Localtapiola Real Estate Ltd and the transaction encompasses 106 rental apartments. 

Heimstaden Recruits New Chief Operations Officer

Nordic — Heimstaden has appointed Helge Krogsbøl as Chief Operations Officer. Helge Krogsbøl will be responsible for Heimstaden's Scandinavian management organization with a focus on growth and customer experience.