Large Finnish Purchase for Hemsö

Finland 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.
TOP 4 Nordic
Marius Hauland Næss, CEO and Managing Director of Snøhetta Oslo.
Nordic Nordic —
Snøhetta architect: "We must dare to think in terms of higher density"
Leiv Synnes, Louise Bergqvist, David Dahlgren and Johan Zachrisson.
Nordic Nordic —
The industry's hottest free agents
The latest figures from Colliers show that it has been a stable start to the autumn transaction season despite rising interest rates.
Nordic Nordic —
Stable start to the autumn transaction season despite rising interest rates
Kristina Alderin.
Nordic Nordic —
Nordika appoints new Investment Director
Jeppe Schonfeld.

Strong Result for Colliers in Denmark

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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.
Jacob Smergel-Krog

New Nordic Investment Manager at Patrizia

Denmark Denmark — Jacob Smergel-Krog has been appointed new Investment Manager of German Patrizia’s Nordic investments.

Swedish Company About to Take Over Danish Company in Crisis

Denmark Denmark — Swedish Kvalitena is about to take over the share majority in the Danish real estate company in crisis, Nordicom.

Balder Acquires Lindholmen Front in Gothenburg

Sweden Sweden — Fastighets AB Balder has acquired the office property Lindholmen Front for approximately €43 M.