KTI: Office Rents Decreasing – Residential Rents Continue Increasing

Finland Finland — Negative development of office rents has continued especially in the Helsinki region. The KTI office rent index for Helsinki CBD decreased by 1.1 per cent during the last 12 months and the median office rent in the Helsinki CBD decreased by more than one euro to 26.4 €/sqm/month.
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

RM Estate Launches a New Business Area

Nordic — RM Estate launches a new business area which focuses on hospitality and tourism real estate. Meeting the real estate growing interest in projects in the travel and tourism industry has motivated RM Estate to expand its service offerings to that industry. “We will work with the entire Nordic market, says Jan Lundin, CEO of RM Estate Sweden AB.

Finnish Fund will Invest Across the Nordics

Nordic — Northern Horizon’s new real estate fund, Nordic Aged Care, which will expand the group’s participation in elderly care homes across the Nordic region, raises € 121 M at first close based on cornerstone investments from among others Aviva Investors Global Indirect Real Estate.

Hotel Expansion at Airport

Norway Norway — MNOK 350 (€37,5M) is invested when KLP Eiendom together with Nordic Choice carries through an expansion of Quality Airport Hotel Gardermoen.

NCC to Build Rental Units for Magnolia Bostad

Sweden Sweden — NCC has been commissioned by Magnolia Bostad to build 454 rental units in central Uppsala, in the Senapsfabriken 2 property block. The order is valued at MSEK 443 (€48M).

Hemsö Acquires Retirement Home in Finnish Esbo

Finland Finland — Hemsö acquires a property under construction in Esbo. The property is intended for a retirement home and rental units. The tenant for the retirement home will be the operator Mainio Vire, with a 15-year lease. The investment amounts to a total of about €29 M (MSEK 272).

Vasakronan Sells – HSB Constructs Apartments

Sweden Sweden — Vasakronan sells a part of the Telefonfabriken 1 property at Telefonplan in Stockholm for MSEK 721 (€78M). The buyer is HSB Bostad, who is going to build 480 apartments in three quarters on the property.

Skanska to Build Housing in Ørestad City

Denmark Denmark — Skanska invests DKK 560M (€ 75 M) in a new residential project in Ørestad City, Denmark.

NREP Acquires 25,000 sqm Distribution Centre in Kolding

Denmark Denmark — NREP Logicenters acquires one of the largest logistics properties in Kolding, which is occupied by VELUX A/S and used as their central distribution centre for Europe.
Humlegården acquires the property Apelsinen 4 in Solna Strand.

CapMan Divests Office Building in Northern Stockholm

Sweden Sweden — CapMan Nordic Real Estate fund sells the office building Apelsinen 4 in Solna Strand, Northern Stockholm to the property company Humlegården.

Antti Asteljoki Appointed SATO Vice President

Finland Finland — SATO has appointed Antti Asteljoki as Vice President for Housing Business.
Frederiksberg Center - the best shopping center in the Nordics 2016

Denmark has the Best Shopping Center in the Nordics 2016

Denmark Denmark — Frederiksberg Centret, Copenhagen, Denmark is the winner of the NCSC Nordic Award 2016.

Finland´s Property Market Worth €54,5 billion

Finland Finland — According to KTI’s estimations, the total size of the Finnish property market had increased to €54.5 billion at the end of 2015.
Eva Granlund.

Schroder Appoints Head of Nordic Investment

Nordic — Schroder Real Estate has appointed Eva Granlund as Head of Nordic Investment to be based in the Stockholm office.

Katri Innanen returns to SATO as General Counsel

Finland Finland — SATO has appointed Katri Innanen, LL.M, as the new General Counsel of the company. She will begin in her new role during the summer.
Alma Property Partners acquires from Skanska in Nybro.

Alma Property Partners Acquires Logistics property

Sweden Sweden — Alma Property Partners acquires the logistics property Nybro Tallen 58 in cooperation with P&E Fastighetspartner in a transaction with Skanska.

24,500 sqm Retail Sold in Jyväskylä

Finland Finland — City Kauppapaikat Oy has sold a property portfolio, consisting of four retail properties located in Jyväskylä area, to Business Network Oy.

New Pareto Company Purchases 94,000 sqm

Sweden Sweden — Pareto Securities created Bosjö Fastigheter purchases Ellos’ headquarters and central warehouse in Borås.

IBM In Search of New Head Quarters

Norway Norway — IBM, one of Norway’s largest IT companies, is in search of office spaces between 8,000 and 11,000 sqm for a new headquarters.

EQ Acquires Properties for €74 million

Finland Finland — Special Investment Fund eQ Finnish Real Estate has acquired five properties from Citycon Oyj for a total value of approximately € 74 M.

Steen Jønsson to Join NREP

Denmark Denmark — Steen Jønsson joins NREP as Director of Development and thus takes on an overall responsibility for the company’s activities related to real estate development in Denmark.
Erik Selin.

Balder’s First Norwegian Purchase

Norway Norway — Balder has now made their first acquisition in Norway – Balder acquires Hedmark University of Applied Sciences for MNOK 700 (€75M).

CBRE Acquires Shopping Centre in Denmark

Denmark Denmark — CBRE Global Investment Partners, in joint venture with Portus Retail has acquired BIG Shopping Centre, in Herlev, Copenhagen, Denmark, from NREP on behalf of the European Co-Investment Fund (ECF).

Entra Plans to Build Office Project in Bergen

Norway Norway — Entra has acquired land in Bergen. The company´s ambition is to build an office property of 10,000 sqm.

Hemfosa Strengthens Transaction Department

Sweden Sweden — Hemfosa is strengthening its transaction department through the recruitment of an additional experienced employee. Jonny Göthberg will complement the company's transaction team by contributing wide-ranging transaction expertise, particularly in community service properties, combined with experience of business development and property management.