Sagax Makes Real Estate Trade in Stockholm

Sweden Sweden — Sagax has agreed with S:t Erik Markutveckling about a real estate trade in Bromma, Stockholm. Sagax sells the leasehold to Valsverket 10 for MSEK 203 (EUR 21M) and purchases part of the Gjutmästaren 6 for SMEK 21.5 (EUR 2.3M).

Pension Danmark Buys Two Properties

Denmark Denmark — Pension Danmark buys Hedeselskabet and Orbicon's domiciles for EUR 43M.

Nordea Moves HQ from Stockholm to Helsinki

Nordic — The Nordea Board of Directors initiates a re-domiciliation of the parent company to Finland – operations in all Nordic home markets remain unchanged.
Ulf Nilsson, vd på D Carnegie & Co.

Ulf Nilsson Steps Down as CEO of D Carnegie

Sweden Sweden — Ulf Nilsson has decided to step down as CEO. Svein Erik Lilleland, currently member of the board of directors, has been appointed as interim CEO.

ATP Acquires Hotel in Munich in a Joint Venture

Denmark Denmark — The Danish pension fund ATP and a Dutch institutional investor acquire a large hotel in the heart of Munich in Germany.

Norwegian Minister Ensures Major Gardemoen Development

Norway Norway — Minister of Transport and Communications Ketil Solvik-Olsen intervene in the order for a major development at Gardermoen. Thus, Oslo Airport City is closer to becoming a reality.
Chydenia is located in Töölö, Helsinki.

Aalto University Divests Property

Finland Finland — Aalto University divests the Chydenia property in Töölö, Helsinki, but leases the premises until July 2019.

Heimstaden Buys More in Copenhagen

Denmark Denmark — Heimstaden, through its Danish subsidiary Heimstaden Danmark A/S, has entered into an agreement to acquire an ongoing construction project in the Copenhagen area.
DSV gets a new logistics centre.

Lehto Creates New Logistics Centre for DSV

Finland Finland — Lehto has signed an agreement with the global transport and logistics company DSV for the construction of a logistics centre in the Päiväkumpu area of Vantaa, near the Helsinki-Vantaa airport.

Agora Looking for EUR 37M Divestment

Sweden Sweden — Agora has hired Catella and Nordier to examine the possibility of divesting properties in four cities.
PFA Builds Four New Universities for EUR 134M.

PFA Builds Four New Universities for EUR 134M

Denmark Denmark — Pension company PFA wants to erect four new universities in Odense, Aalborg, Aarhus and Copenhagen during the next few years, for DKK 1 billion (EUR 134M).

Heimstaden Acquires Two Copenhagen Projects

Denmark Denmark — Heimstaden acquires two housing projects in Copenhagen for approximately EUR 106M.

Logistics Construction in Helsingborg for Catena

Sweden Sweden — Catena has signed a seven-year lease of 30,400 sqm with Nowaste Logistics. The property is scheduled to be put into use on September 1st 2018. The annual rent amounts to approximately MSEK 18 (EUR 1.9M).

Klövern and Citycon to Develop Globen Shopping

Sweden Sweden — Klövern and Citycon have signed a letter of intent for joint development of the shopping centre Globen Shopping, located just south of Stockholm's inner city.

ABG Sundal Collier Acquires 50 percent of Vika

Norway Norway — ABG Sundal Collier has acquired 50 percent of Vika Project Finance.

Axer and Skanska in EUR 70M Project in Bergen

Norway Norway — Axer Eiendom has given Skanska the contract for the housing project Gartnerløkken in Åsane, Bergen.
Skärholmen Centrum.

Grosvenor Welcomes New Brands to Skärholmen

Sweden Sweden — Grosvenor Europe has unveiled a series of fashion and food deals at the 98,000 square meter Skärholmen Centrum, Southern Stockholm’s largest shopping centre.

Bonava Sells Rental Apartments in Espoo

Finland Finland — Bonava is selling a rental project in Espoo, Finland, to the investor Ice Capital Housing Fund IV Ky. The project comprises 78 rental apartments in a single property.

Citycon divests in Finland for EUR 167M

Finland Finland — Citycon and Cerberus announce that they have signed an agreement whereby Citycon will divest its shopping centres Espoontori, Tikkuri, Myllypuron Ostari, Martinlaakson Ostari and Jyväskylän Forum to an affiliate of Cerberus for a total value of approximately EUR 167M.

East Capital Sells Shopping Center in Vilnius

Nordic — East Capital Baltic Property Fund II announces today the signing of an agreement to sell the GO9 shopping centre in Vilnius. The fund acquired the property in 2012 and has since re-developed it. The buyer is Lords LB Baltic Fund IV, managed by Lithuanian real estate and private equity investment management company, Lords LB Asset Management. 

MG Real Estate Acquires Industrial Portfolio

Denmark Denmark — M&G Real Estate has acquired a EUR 59.3M industrial portfolio in Denmark, representing a net yield of 6.8 percent. This latest purchase further demonstrates the business’s core strategy for pan-European growth, and marks its fourth acquisition in Denmark.
Scandic Opens Large Hotel in Copenhagen.

Scandic Opens Large Hotel in Copenhagen

Denmark Denmark — Scandic Hotels has signed an agreement with the landlord HM 2 A/S to operate the new large Scandic Spectrum hotel in central Copenhagen. The hotel, which will have 632 rooms, will be the largest in Scandic’s portfolio and is expected to open in 2021.

Kildare Partners Appoints Savills to Property Manage in Sweden

Sweden Sweden — International real estate advisor Savills has been assigned by Kildare Partners to property manage a portfolio of 18 buildings in Sweden. 
Norges Bank Makes Big NYC Acquisition.

Norges Bank Makes Big NYC Acquisition

Norway Norway — Norges Bank Real Estate Management has acquired a 48 percent interest in 375 Hudson Street in New York City, in joint venture with Trinity Church Wall Street and Hines.

YIT and Lemminkäinen Merger Approved

Finland Finland — The FIN-FSA has approved YIT's and Lemminkäinen's merger prospectus and granted exemption from the obligation to publish listing prospectus.