Aberdeen Purchases Georg Jensen´s Head Quarters

Denmark Denmark — Aberdeen Purchases Georg Jensen’s 12,000 sqm Head Quarters in Copenhagen for MDKK 285 (€38M)
Areim acquires Solna Port.

Areim Fund II acquires Solna Port

Sweden Sweden — Areim Fund II acquires the property Brahelund 2 in Frösunda, Stockholm from German Commerz Real. The total lettable area is ca 41 000 sqm, of which ca 18 000 sqm office premises are vacant today.
Lars Thagesson

Management Changes at Hemfosa Fastigheter

Sweden Sweden — Lars Thagesson, COO and one of Hemfosa's founders, will transition to a role as external adviser to the company. At the same time, Karim Sahibzada, Head of Legal and also a co-founder of Hemfosa, will leave the Group to pursue other opportunities.

Pandox divests hotel property in Antwerp for €16 M

Sweden Sweden — Pandox, listed on Nasdaq Stockholm has entered in to an agreement to divest the hotel property Scandic Antwerp in Belgium for €16 M, to the hotel chain Van Der Valk from the Netherlands.

Balder and Nobis Make a Joint Hotel Project

Denmark Denmark — Balder acquires the property where the Royal Danish Conservatory of Music used to operate at Niels Brocks Gade 1. The property will be converted into hotel and restaurant and will be operated by Nobis Hotel.
Rickard S Dahlberg.

NREP Logicenters Secures More Than 277,000 sqm of new Prime Logistics Space Across the Nordics

Nordic — Nordic Real Estate Partners (NREP) has purchased six logistics properties totaling 223,500 sqm. In addition to this, 53,60 sqm are under development and due for completion on a pre-let basis during Q1 2016. All the assets are located in key logistics hubs in Sweden, Denmark and Finland.

CBRE Global Investors Strengthens its Nordic Team

Nordic — CBRE Global Investors announces a number of appointments in the Nordics.

Niam Acquires Shopping Center in Helsinki

Finland Finland — HOK-Elanto sells Kaari shopping centre to Niam in the first 100 % sale of a major shopping centre in Helsinki since 2008. The Kaari center is Helsinki’s fifth largest shopping center with a total lettable area of 48,000 sqm.

Göran Cöster Joins Board of Brunswick Real Estate´s Debt Financing Arm

Sweden Sweden — Brunswick Real Estate, a market leading adviser, lender and investor in the Nordics, has appointed Göran Cöster to the board of its debt financing arm Leimdörfer Real Estate Capital.
Henrik Saxborn.

Castellum/Brostaden Invests on Kungsholmen in Stockholm

Sweden Sweden — Castellum makes a strategic move to establish a presence on Kungsholmen. The acquisition is in line with Castellum´s portfolio upgrades.
Gabriel Cronstedt.

Nordika Acquires Nokia Networks’ Former Head Quarters in Helsinki

Finland Finland — Nordika has acquired Nokia Networks’ former head quarters encompassing 36,000 sqm office spaces in Esbo – Helsinki.

Pandox Appoints new Head of Investor Relations

Sweden Sweden — Camilla Weiner has been appointed as new head of Investor Relations at Pandox. Camilla replaces Thomas Backteman as Head of Investor Relations, forms part of Pandox’s Executive Management group and reports to the company’s CFO Liia Nõu.

Akademiska Hus Gives Huge Dividends to Swedish State

Sweden Sweden — Akademiska Hus’ board of directors propose giving SEK 6,5 billion (€690 M) in dividends to the owner, the Swedish State.
Norwegian Oil Fund Acquires Shopping Centre West One in London

Norwegian Oil Fund Acquires Shopping Centre in London

Norway Norway — Norges Bank Investment Management (Norwegian Oil Fund) has acquired a 100 percent interest in the West One Shopping Centre and 75 Davies Street, a 90,000 square foot retail and office property located above Bond Street Underground station in London.

NCC Reorganizing as Part of New Growth Strategy

Sweden Sweden — During the autumn, NCC will present a new strategy for the next five years that includes an increased focus on growth in the areas of construction and civil engineering in the Nordic region. Accordingly, the Board of NCC has decided on a new organization. In addition, the Board has tasked the management with investigating the possibility of creating an independent, stock market listed, residential development company based on the existing NCC Housing business area.
Norges Bank Investment Management (Norwegian Oil Fund) has acquired a 49.9 percent interest in 888 Brannan, a 445,000 square foot office property.

Norwegian Oil Fund Makes New Investment in San Francisco

Norway Norway — Norges Bank Investment Management (Norwegian Oil Fund) has acquired a 49.9 percent interest in 888 Brannan, a 445,000 square foot office property located at 888 Brannan Street in San Francisco, in joint venture with TIAA-CREF.

Savills Recruits Market Leading Agency Team in Gothenburg

Sweden Sweden — Savills continues its ventures on Sweden’s west coast and recruits a market leading agency team to be based in their Gothenburg office. Nils-Åke Rydqvist will be managing and overseeing general office operations.

Avara Launches New Housing Fund

Finland Finland — Residential property investment company Avara launches a new housing fund. The target size of the new fund is €100-120M.

Standard Life Investments Completes Purchase of Swedish Retail Park

Sweden Sweden — The Standard Life Investments European Real Estate Club L.P. (Euro Club) has completed the purchase of Länna Retail Park in Stockholm, Sweden.

Economic Vacancy in Denmark: 9,8 Percent

Denmark Denmark — The Danish Property Federation has collected new statistics surrounding the economic vacancy rate on the Danish real estate market. The Danish Property Federation has collected information form 50 property owners since the first quarter of 2014. The economic vacancy rate now reaches 9,8 percent.

CBRE Global Investors' First Acquisition in Denmark

Denmark Denmark — CBRE Global Investors has acquired a recently opened logistics property at Copenhagen Airport, Denmark for a purchase price of €16 M, reflecting a net initial yield of 6.4 percent.

Quorum Acquires in Jyväskylä

Finland Finland — Quorum Kehitysrahasto I Ky property fund acquires a retail property in Jyväskylä, Finland for €7.8 M. The seller is Esmero Retail Property, a company owned by a fund of Partners Group (listed on the SIX Swiss Exchange) and managed by Nordic real estate investor Niam.

Fastilium Purchases in Finland

Finland Finland — Swedish Fastilium Property Group acquires two student housing projects in Finland.

Chanel Opens its First Store in the Nordics

Sweden Sweden — In spring 2016, Chanel will open its first store in the Nordic region in one of Hufvudstaden's properties in central Stockholm.
Atrium Ljungberg hyr ut stort till Domstolsverket i Sickla.

Atrium Ljungberg Constructs a New Building for the Swedish National Courts Administration in Sickla

Sweden Sweden — The Swedish National Courts Administration has concluded an agreement with Atrium Ljungberg for renting 10,700 sqm in the planned office project on Uddvägen in Sickla. A new detailed development plan which enables development of the property was received in April.