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.
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

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.
Tobias Alsborger.

NREP Sells for EUR 168M

Nordic — NREP secures the largest portfolio exit of necessity driven retail assets in Sweden in 2017 by selling a portfolio consisting of 11 assets and a total area of 63,500 square meters to Storebrand/SPP.

Hemfosa Acquires in Bergen and Sarpsborg

Norway Norway — Hemfosa Fastigheter has signed acquisition agreements for one property in Bergen with a large proportion of community services tenants, and one community service property in central Sarpsborg, with a total property value of EUR 31M.

JM Buys Property in Solna

Sweden Sweden — JM has signed an agreement with Capman to acquire land for 140 building rights. The deal is worth EUR 9M. Occupancy and payment are expected to be completed in the third quarter of 2017.

Finnish Lehto Expands to Sweden

Finland Finland — Lehto Group Plc has signed an agreement to establish a new subsidiary in Sweden. The name of the company will be Lehto Sverige.
Lindholm.

Calum Erects 500 Apartments in Lindholm

Denmark Denmark — The apartments encompass a total of 21,000 square meters and are located on Lindholm Brygge in Nørresundby, north of Aalborg.
Diös leaves Söderhamn.

Total Divestment in Söderhamn for Diös

Sweden Sweden — Diös divests four properties in Söderhamn of totally approximately 10,000 square meters, the company’s entire portfolio in the city.
Westermannsveita 4.

EG Dahls Eiendom Purchases in Trondheim

Norway Norway — EG Dahls Eiendom has purchased the neighboring property to Britannia in Trondheim, from Telenor’s pension fund.
Markedspladsen in central Hillerød.

Hotel and Apartments to Hillerød

Denmark Denmark — The project on Markedspladsen in central Hillerød will result in a living area of 10,200 square meters.

Niam Recruits in Finland

Finland Finland — Niam strengthens their Helsinki office with a Senior Director.
Persien 26.

Obos Divests for EUR 22M

Norway Norway — An Arctic syndicate has purchased Persveien 26 from Obos for EUR 22M.
Kasarmikatu 21.

Office Property Sold in Helsinki

Finland Finland — A property company owned by YIT Ahlström Capital and HGR Property Partners has signed a contract on the sale of the Kasarmikatu 21 office property to an international investor.
Häggvik Entré.

Alma Acquires Häggvik Entré

Sweden Sweden — Alma Property Partners acquires Stämpeln 1 in Häggvik adjacent to the E4 highway. The property will be developed to a modern retail area comprising approximately 30,000 square meters.

K/S Lahti Sells Retail Property

Finland Finland — K/S Lahti has sold a retail property in Lahti to VVT Property Fund I Ky, a property fund managed by VVT Kiinteistösijoitus Oy.

NCC to Build Car Showroom for Castellum

Sweden Sweden — NCC has initiated a partnering arrangement with Castellum to build a car showroom of slightly more than 25,000 square meters in Huddinge, south of Stockholm. The project is a turnkey contract and the order value is approximately EUR 29M.  

SPG Makes More Purchases in Sweden

Norway Norway — Scandinavian Property Group (SPG) has purchased a plot in Haninge municipality where they will build 230 apartments.
The cost of the properties is EUR 11M.

Castelar Corporate Finance Syndicate Purchases Car Real Estate

Norway Norway — The cost of the properties in Trøndelag is EUR 11M.
Solna United.

Skanska Leases 5,000 sqm in Solna United

Sweden Sweden — Arla Foods will move their headquarters to Skanska’s project Solna United in Arenastaden, Solna.