News | Nordic Property News

Kungsleden divests in Kristianstad.

Kungsleden Divests Property and Leaves Kristianstad

Sweden — Kungsleden divests the property Karburatorn 2 in Kristianstad to Trophi Fastighets AB for MSEK 73.5 (€8M).

TOP 4 Nordic

Tom Hagen.

Nordic

Nordic —

Prisma Properties' growth plans for the various Nordic markets

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

Kungsleden has signed a new lease contract with Jobman in Väsby.

Kungsleden Signs New 13,500 sqm Lease Agreement in Väsby

Sweden — Kungsleden has re-negotiated and signed a new five-year lease agreement with Jobman in Upplands Väsby, Stockholm. Jobman has leased all of the property’s 13,500 sqm since 2007.

SATO´s innovative service concept will be showcased in Martinlaakso, Vantaa

Construction to Kick Off on First SATO StudioHomes

Finland — SATO StudioHomes is SATO´s response to the intense demand for affordable housing in the Helsinki region. Construction on the first StudioHome building will kick off in August in the Martinlaakso district of Vantaa.

Large Finnish Purchase for Hemsö

Finland — Hemsö has signed a framework agreement regarding the acquisition of a retirement home, shelters and pre schools mainly located in Great Helsinki and Tammerfors. The underlying property value amounts to 75 million euros.

Jeppe Schonfeld.

Strong Result for Colliers in Denmark

Denmark — Colliers International Denmark is experiencing a big increased demand, mainly in regard to real estate investments. The company’s gross margin increased from approximately € 8,8 M in 2014 to almost € 12,10 M in 2015.

Castellum Gains Access to Norrporten

Sweden — Castellum gains access to Norrporten and resolves on issue in kind and transfer of repurchased shares. “Together we create an even stronger real estate company with larger presence in important growth markets in Sweden and Copenhagen,” says Henrik Saxborn, Castellum CEO.

Tomas Beck.

Valad Europe Appoints Tomas Beck as Head of Nordics

Nordic — Valad Europe, part of Cromwell Property Group, a diversified global real estate investment manager, announces the appointment of Tomas Beck as its Head of Nordics.

Cushman & Wakefield Recruits Linderstam as Head of Retail Services

Sweden — Jens Linderstam has been appointed Head of Retail Services at Cushman & Wakefield in Sweden. Jens Linderstam will be responsible for building the business unit and will be part of the Swedish management team.

NCC to Construct Green Office Building for Fabege for Nearly €90 M

Sweden — NCC has been commissioned by Fabege AB to construct a 40,000-square meter office building next to Arenastaden in Solna, Sweden. The office building will be BREEAM Excellent certified and have ICA as the largest tenant. The order is worth SEK 830 million (nearly €90 M).

Entra Signed 25 Years Lease Contract in Oslo

Norway — Entra and the University of Oslo has signed a lease for 20,000 sqm in the planned 21,000 sqm new-build at Tullinkvartalet in Oslo.

Turku Technology Properties Acquired PharmaCity Property from Varma

Finland — Turku Technology Properties has further increased its property portfolio in the Kupittaa district in Turku, by acquiring a 17,758 sqm PharmaCity property from pension insurance company Varma.

Technopolis Buys 30 Percent Stake in its Oslo Campus

Norway — Technopolis has acquired the 30 percent stake in its Fornebu campus in Oslo from one of its minority shareholders, Koksa Eiendom AS (former IT Fornebu Properties AS), for approximately NOK 238 million (approximately EUR 25.5 million).

Real Estate Company Dades invests MDKK 500 (€67M) in converting the furniture factory Gladsaxe to offices and 200 apartments.

Converting Furniture Factory to Apartments

Denmark — Real Estate Company Dades invests MDKK 500 (€67M) in converting the furniture factory Gladsaxe to offices and 200 apartments. The Realtor Firm Lintrup & Norgard and Sweco Architects develop the project.

Sagax Divests Food Properties in Finland

Finland — Sagax divests three food properties in Finland for MSEK 455. The properties encompass 44,000 sqm leasable area and are located in Tammerfors, Åbo and Kotka.

Shopping center company Scala Retail Property and the local property developer Værste AS invests MNOK 2,000 (€217M) in Fredrikstad city center.

Expanding Fredrikstad City Center

Norway — Shopping center company Scala Retail Property and the local property developer Værste AS invests MNOK 2,000 (€217M) in Fredrikstad city center.

Transaction volume € 2.5 billion in May

Nordic — The transaction activity in the Nordics was moderate in May, with 61 transactions summing to EUR 2.5bn, according to Pangea Monthly Update.

Technopolis to Expand Ruoholahti Campus

Finland — Technopolis will invest EUR 33.2 million in the expansion of its Ruoholahti campus in Helsinki. The expansion is due for completion in July 2018.   “This investment is an important part of our growth strategy in the Helsinki metropolitan area”, says Keith Silverang, CEO of Technopolis.

Dr Thomas Beyerle.

Catella: Increasing demand from international investors for the Nordics

Nordic — The Northern European property market is increasingly featuring in the pan-European real estate portfolios of institutional investors. Compared with other European countries, the economic transparency and prosperity of the markets in the Nordic countries makes them a popular option. Also, the availability of capital opens up new investment opportunities. Catella foresees these opportunities, especially for investments in the office and retail markets.

Hemfosa Fastigheter appoints Head of Property Management in Norway

Norway — Swedish Hemfosa has strengthened its Norwegian organization through the appointment of Dag Tønder as Head of Property Management for the Norwegian property portfolio, comprising properties valued at approximately SEK 3.6 billion (€390M).

YIT to construct apartments for OP-Vuokratuotto fund

Finland — YIT and OP-Vuokratuotto non-UCITS Fund have signed pre-agreements on the construction of four non-subsidized residential projects for rental use. The total value of the agreements is over € 25 M, and the projects will comprise nearly 180 rental apartments.

Klaus Hansen Vikström.

3’s New Head Office to Become a Landmark in Söderstaden

Sweden — Fabege and 3 have signed a 10-year green rental agreement for office premises covering approximately 14,700 sqm in Söderstaden, Stockholm, with an annual rental value of around MSEK 39, not including supplements.

Fabege Acquires Property in Solna

Sweden — Fabege acquires the property Sadelplatsen 1, Järva Krog. The transaction has a total price of MSEK 172.5 (€19M). The seller is an Uppsala-based consortium, with among others Olle Olsson Holding AB as partner.

White is the architect behind the tallest wooden building in the Nordics.

The Tallest Wooden Building in the Nordics

Sweden — With their proposal Side-by-side, White Arkitekter won the competition to design Skellefteå’s cultural centre and hotel, which will be completed in 2019. Located just below the Arctic Circle in northern Sweden, the city has a long tradition of timber architecture that inspired the winning proposal. Over 55 entries from ten countries were submitted.

Intea Closes Huge Deal with Blackstone/Areim

Sweden — Intea purchases social properties from Blackstone/Areim in Linköping and Östersund, for approximately SEK 3 billion (€ 323M).

Mortensrud Torg.

Aberdeen Purchases Retail Property on Mortensrud

Norway — Aberden has on behalf of the Nordic property fund AP Nordic Investment purchased Mortensrud Square in Oslo. The seller is Mortensrud Eiendom AS and NG Eiendom Øst AS.