Entra Divests in Tromsø

Norway Norway — Entra has sold the property Strandveien 13 in Tromsø to Nordic Investment AS. The property is 11.560 sqm and the transaction is based on a property value of MNOK 158 (€ 17 M).

Citycon Completes Refinancing

Norway Norway — Citycon Norway AS has completed the refinancing of Sektor Gruppens existing debt by signing a local secured bank loan of NOK 1.3 billion (approx. € 140 M) with Skandinaviska Enskilda Banken and Danske Bank.
Anders Jarl.

Wihlborgs Strengthens its Property Portfolio in Copenhagen

Denmark Denmark — Wihlborgs Fastigheter has acquired two strategically located properties in Copenhagen, in Glostrup and Høje-Taastrup. The purchase price amounts to MDKK 800 (€107M).
Karsten Kallevig.

Karsten Kallevig Appointed CEO of Norges Bank Real Estate Management

Norway Norway — Karsten Kallevig has been appointed Chief Executive Officer of Norges Bank (The Oil Fund) Real Estate Management. He will start in the new position on 1 January 2016.
Jens Engwall.

Helsehuset on Gardermoen Campus Fully Leased

Norway Norway — In October 2015, Hemfosa's and Aspelin Ramm`s joint venture Gardermoen Campus Utvikling (GCU) signed an agreement to develop a local medical center on Gardermoen Campus near Oslo, Norway, adjacent to the specialist hospital the company began building in September of this year. The local medical center, or Helsehus, is now fully leased and its future tenants include a healthcare operation for inhabitants of four neighboring municipalities.

Antilooppi Acquired Office Property in Helsinki From Auratum

Finland Finland — AKR Suomi Ky property fund, managed by Auratum, has sold an office property in Helsinki to property investment company Antilooppi. The transaction price amounted to approximately € 50 M.

Balder Acquires an Additional 22.9 Percent of the Outstanding Shares of Sato

Finland Finland — Balder, listed on Nasdaq Stockholm, has acquired an additional 22.9 percent of Sato, one of Finland´s largest residential property companies. Balder now owns 53,3 percent of Sato.
Stina Lindh Hök.

Hemfosa Enters the Finnish Market

Finland Finland — Hemfosa, listed on Nasdaq Stockholm, is taking an important step toward becoming a broader Nordic player in community service properties with the acquisition of two such properties in Helsinki for MSEK 500 (€43M).
David Neil.

Genesta Divests in Helsinki to Schroders

Finland Finland — Genesta Nordic Baltic Real Estate Fund I (GNBRE) has divested the office property Vilhonvuorenkatu 11 in Helsinki. The property was acquired by Schroder Real Estate Kapitalverwaltungsgesellschaft MBH, a fund managed by Schroders for € 60 M.

They Will Develop Finland´s Largest Shopping Center

Finland Finland — Five companies have signed a letter of intent on the establishment of a joint venture for the implementation of the Mall of Tripla in central Pasila, Helsinki. The overall value of the shopping mall and the parking facility is approximately € 600 M.
Catena divests to Stena and Ikano.

Stena and Ikano Purchases in Gothenburg

Sweden Sweden — Stena Fastigheter and Ikano Bostad purchases Pripps’ former brewery area in Högsbo, Gothenburg, from Catena for MSEK 580 (€62M).
KLP acquires Stockholm Waterfront.

Large Norwegian Deal in Stockholm

Sweden Sweden — Two Norwegian investors carry through a major deal in the capital of Sweden: KLP Eiendom purchases Stockholm Waterfront Congress Centre from DNB Liv for SEK 1,75 billion (€188M).

Skanska in Strategic Cooperation with Folksam

Sweden Sweden — Skanska Hyresbostäder begins a strategic cooperation with Folksam in regards to the divestment of newly produced housing properties. The cooperation encompasses a number of development projects that give Folksam the opportunity to exclusively acquire almost 600 apartments at a value of approximately SEK 1.3 billion (€140M).
Rutger Arnhult.

Klövern to Build Hotel in Västerås

Sweden Sweden — Klövern signs a 15-year lease with Nordic Choice Hotels in Västerås.

Citycon Appoints New Vice President

Finland Finland — Marianne M Håkonsen has been appointed Citycon Oyjs Vice President, Marketing and Branding and member of the Corporate Management Committee.

The Largest Property Transaction Ever in Aarhus

Denmark Denmark — The property consortium of Cosmo Ejendomme has acquired a major portfolio of properties located mainly in Aarhus, but with some Copenhagen properties included, from the bankruptcy estate of Niels Jørgen Cramer.
Oslo City.

DNB Livforsikring to Sell Oslo City

Norway Norway — DNB will sell Oslo City to a consortium consisting of Entra and Steen & Strøm. The property is valued at approximately NOK 5 billion (€527 M).

AMF Acquires Fatburen in Stockholm

Sweden Sweden — The Swedish pension company AMF is buying the office property Fatburen on Södermalm in Stockholm from Aareal Bank for SEK 3,06 billion (€323 M). The building includes a total of 46 000 sqm.
AF Gruppen sells Glasiären.

AF Gruppen Sells Commercial Building in Gothenburg

Sweden Sweden — Norwegian AFG Invest 5 AS – owned by AF Gruppen Norge, EKO Eiendom and Brødrene Jensen – has entered into an agreement for the sale of the office property Glasiären in Gothenburg.

Continuing Strong Transaction Activity

Nordic — The transaction activity on the Nordic property market is continuing strong. The total volume reached € 3.5 billion in November, according to Pangea, partly driven by a strong transaction market in Norway.

Sagax Purchase Worth €47 M in Finland

Finland Finland — Sagax purchases 15 properties in Finland, from the Onninen Group, who also will rent all spaces. The total cost amounts to MSEK 435 (€47 M).

Jeudan Purchases Large Office Project

Denmark Denmark — Jeudan, listed on Mid Cap Copenhagen, purchases AP Møller/Maersk’s head quarters on Amerika Plads in Copenhagen for MDDK 585 (€78 M).
Tuula Entelä.

Sato sells 268 homes to Municipal Housing

Finland Finland — Sato Corporation, one of Finland’s leading rental housing providers, has sold 268 State-subsidised rental homes to Kunta-aravat Oy of Municipal Housing.
Skanska divests in Seattle.

Skanska divests majority interest in office building in Seattle

Sweden Sweden — Swedish Skanska divests a 90 percent interest in its 400 Fairview project in Seattle, USA, for USD 235 million (€214 M), to TIAA-CREF, a leading financial services organization.
Jakob Pettersson.

Increased International Interest in Swedish Properties

Sweden Sweden — During the first eleven months of 2015, international investors have doubled their relative investment volume compared to the same period the previous year, They are now accountable for approximately 30 percent of the transaction volume, according to Newsec. The corresponding investment volume from international investors has not been seen since 2008.