Olav Thon Acquires Shopping Center in Norway

Norway Norway — Olav Thon Eiendomsselskap has signed letters of intent with Nordea Liv and Steen & Strøm regarding the acquisition of the company Åsane Storsenter in Bergen, Norway, for approximately NOK 2 billion (EUR 220M).
TOP 4 Nordic
Nordic Nordic —
La Caisse and Prologis launch Pan-European logistics Joint Venture
Jens Andersson, CEO of Episurf Medical.
Nordic Nordic —
Episurf's massive two-year goal: Acquire for SEK 20 billion
Sebastian Schlasberg, Christopher Johansson, Eva Sterner and Petra Krüger.
Nordic Nordic —
The hottest recruitments in Q1
Jenny Rehn, CEO Nordiqus.
Nordic Nordic —
Nordiqus is searching widely in the Nordic region

The Rental Residential Market is Buzzing in Finland

Finland Finland — This year will break the 2007 record number of major property transactions in Finland. The previous peak was brought on by international investors surging into the Finnish market as well as banks' lax lending policy. At that time, foreign investors accounted for approximately 60 percent of the sales volume, and loans amounted to as much as 70–90 percent of the transaction value. Now, foreign investors' share of completed transactions is approximately 20 percent and the loan-to-value ratio is 50–65 percent.

Nordic Property Shares Surge Post Brexit

Nordic — After the Brexit vote, Nordic property shares have strongly outperformed both the general stock market and European property shares, supporting the notion of property in the Nordic region as a safe haven.

NPRO Buys Sections in Oslo Property

Norway Norway — Norwegian Property has entered into an agreement to buy sections in Fondbygget from Watrium AS. The closing of the transaction will take place in September 2016, and the agreed purchase price is MNOK 204 (EUR 22.2M) net of compensation for the tax position.

The Starting Point for Research at HSB Living Lab

Sweden Sweden — The research for sustainable accommodation has been initiated. This was celebrated by researchers from all over the world telling us about their visions and goals. Helene Hellmark Knutsson, Minister for Higher Education and Research, delivered the inaugural speech, which highlighted the importance of the collaboration between industry and the academy.

Nordic Property Transactions Reach New Record in First Half of 2016

Nordic — Transaction volumes in the Nordic property market were €18.6 billion in the first half of 2016, according to new figures from Pangea Property Partners. This is an increase of 6 percent from the first half last year and a record first half in the Nordic market.

NCC to Construct Major Office Building at Arlanda Airport

Sweden Sweden — NCC has been commissioned by Swedavia to construct Sky City Office One, a 20,000-square-meter, eight-story office building directly adjacent to Terminals 4 and 5 at Stockholm Arlanda Airport. The order is worth an estimated MSEK 460 (EUR 48.3M).
Karim Sahibzada.

Sahibzada to Lead New Venture

Sweden Sweden — Karim Sahibzada, Co-Founder of Hemfosa Fastigheter and Tobias Emanuelsson, Co-Founder of Scandinavian Property Group, have joined Brunswick Real Estate (“BRE”) to lead the new venture Brunswick Alternative Strategies (“BAS”). BAS will be active within alternative real estate investments strategies – at the start focusing on infrastrucure related real estate – and additive to the existing BRE offering.

Sato's CFO Esa Neuvonen is Leaving the Company

Finland Finland — After seven years at Sato the company’s CFO Esa Neuvonen leaves to join YIT Corporation. Esa Neuvonen will serve as CFO at YIT. He will start in his new position by the end of the year.
Hantverkshuset.

Slussgården Acquires Propery in Stockholm City for €34.7M

Sweden Sweden — Slussgården continues to grow as the company acquires a 6,900 sqm property in central Stockholm for EUR 34.7M.

Schroders Acquires Key Retail Parks in Sweden

Sweden Sweden — The Schroder Nordic Real Estate Fund has acquired three retail parks located in Malmö and Lund, Sweden for €40 million.

NREP Acquires Three Modern Logistics Centers

Finland Finland — NREP Nordic Strategies Fund II acquires three modern logistics centers on the Helsinki-Tampere highway from Ahlström Kiinteistöt Oy.

Five Purchases for SBB

Sweden Sweden — Ilija Batljan’s Samhällsbyggnadsbolaget invests heavily. During the end of August and the beginning of September they’ve made five purchases – among them the company’s first purchase in Gothenburg.
Anneli Jansson.

Anneli Jansson New CEO at Humlegården

Sweden Sweden — Anneli Jansson, most recently Nordics Manager at Grosvenor, is the new CEO at Humlegården. She succeeds Per-Arne Rudbert who resigns from Humlegården after 17 years as head of the company.

Alecta Closing in on €1.6 Billion Sale

Sweden Sweden — Bloomberg sources say Alecta is now closing in on the divestment of their international portfolio. The purchaser is said to be Blackstone and the purchase price is USD 1.8 billion (EUR 1.6 billion).

Round Hill Capital Acquires Nordic Portfolio for €179.5M

Nordic — Round Hill Capital acquires a Nordic logistics and industrial portfolio consisting of 18 properties for approximately USD 200M (EUR 179.5M).

Copenhagen Airport Expands for €13.4M

Denmark Denmark — Copenhagen Airport will be expanded for more than DKK 100M (EUR 13.4M). Longer luggage conveyor belts and more space in the arrival halls is the goal of the new construction project.

Elo Purchases 1,800 Apartments

Finland Finland — Elo purchases 1,800 apartments from YH Kodit. The apartments are located in Åbo and Tammerfors and surrounding municipalities. The divestment does not affect the residents.

Niam Sells Shopping Center for €98M

Sweden Sweden — Varma, Capman Nordic Real Estate Fund and Cavendo have purchased Heron City, the 49,400 sqm landmark retail centre located in Kungens Kurva, Stockholm from Niam for SEK 930 million (EUR 98M).

Citycon Group Successfully Places €350M Eurobond

Finland Finland — Citycon Group has successfully placed a EUR 350 million Eurobond. The issuer of the Bond is Citycon Treasury B.V. and the guarantor is Citycon Oyj. The ten-year guaranteed euro-denominated Bond matures on 8 September 2026 and carries fixed annual interest at the rate of 1.25 percent, payable annually on 8 September.
100 First Street, San Francisco.

Norges Bank Acquires Skyskrapers in San Francisco

Norway Norway — Norges Bank Real Estate Management has signed agreements to acquire a 44 percent common equity interest in two Kilroy Realty Corporation companies that own two office properties in San Francisco for EUR 405.7M.

Sirius Acquires Portfolio for €60M

Finland Finland — Sirius acquires portfolio from a group of private investors for approximately EUR 60M. The combined lettable area of the portfolio is approximately 50,000 sqm.

NREP Acquires More Than 600 Apartments in Finland

Finland Finland — NREP Nordic Strategies Fund II has signed agreements to acquire more than 600 apartments in Helsinki and main growth centers in Finland.

Niam Sells Residential Portfolio in Copenhagen

Denmark Denmark — ​Niam has entered into an agreement to sell a residential portfolio of approximately 13,800 sqm to Heimstaden, a Swedish property company for a price of approximately DKK 422 million (€56.6 million).
Skanska and HAV Eiendom will erect two buildings with hotel, retail space and apartments.

Skanska builds hotel and develops apartments in Oslo

Norway Norway — Skanska has signed a contract with HAV Eiendom to build a hotel and retail space as well as to develop apartments in Bjørvika, Norway, one of Oslo's most sought after areas.