Fabege has signed an agreement to sell the Uarda 5 property, Vattenfall’s head office in Arenastaden, to Union Investment Real Estate GmbH.

Fabege Sells For €263 M in Arenastaden

Sweden Sweden — Fabege has signed an agreement to sell the Uarda 5 property, Vattenfall’s head office in Arenastaden, to Union Investment Real Estate GmbH. The property comprises approximately 44,000 sqm of office space and is currently fully let to Vattenfall, and to an external restaurant. The sale will occur in the form of a company with an underlying property value of SEK 2,257 M (€263,54 M).
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
Osmund Lie.

Four Architect Firms Under One Roof

Norway Norway — Og Arkitekter acquires Arkitektkontoret Lund and partners to the team and wish to further strengthen their position. – We were three architect firms that have gathered under one roof, now we become four” says Og Arkitekter’s CEO Osmund Lie.
The construction project Faste Batteri has been developed by Bach-Gruppen. Arkitema Architects are in charge of the master plan, together with Polyform, Tredje Natur, Entasis and Grontmij.

6-7000 New Apartments On Amager

Denmark Denmark — The civic representation in Copenhagen approved three different construction projects on Amager, encompassing a total of 753,000 sqm housing, offices and retail spaces.
Rutger Arnhult.

Klövern Acquires in Central Stockholm for Nearly €37 M

Sweden Sweden — Klövern acquires the site leasehold to the property Orgelpipan 4 from Axfast. The acquisition is Klövern's first in the central part of Stockholm and comprises a development property which is intended to be developed into a modern office- and retail property. The purchase price is SEK 340 million (€36,53 M).

Largest Ever Healthcare Transaction in Finland

Finland Finland — Northern Horizon has sold its Healthcare I fund’s entire care home portfolio to a fund managed by eQ. The 27-asset portfolio was sold for €155 million.

Antilooppi Purchased Three Commercial Properties in Helsinki

Finland Finland — Antilooppi has purchased three landmark properties at the Hakaniemi square in Helsinki with a purchase price exceeding EUR 30 M.

Newsec: Property Investors Ready to Take Greater Risks in Finland

Finland Finland — Investors' growing interest towards property investments in Finland manifests itself in the increasing demand for properties that require active development, and even empty properties sell at the moment. These investors rely on their ability to rent out and develop the property more successfully than the current owner.

External Members Appointed to Real Estate Investment Board

Norway Norway — Norges Bank’s Executive Board has decided to appoint Christian Ringnes and Petter Fredrik Neslein as external members of the Real Estate Investment Board (REIB).

Eight Nordic Finalists in Mipim Awards

Nordic — 44 finalists for the prestigious competition Mipim Awards 2016 have been presented. Eight of them come from the Nordic countries.

Significantly Increased Transaction Volume in Denmark

Denmark Denmark — In 2015, properties were traded in Denmark at a total value of DKK 47 billion, an increase of 45 percent compared to 2014, according to new figures from DTZ Egeskov & Lindquist.
Kungsleden develops the old City Hall in Södertälje.

Kungsleden Develops Modern Office Space in Central Södertälje

Sweden Sweden — Kungsleden will develop and renovate the old City Hall in Södertälje into a 6,000 sqm top modern office property. The property will house offices, a fitness club and a café.
Skanska builds shopping center in Jyväskylä.

Skanska Builds Shopping Center in Jyväskylä

Finland Finland — Skanska has signed a contract with the investor Lähi Tapiola Group for the construction of Seppä shopping center in Jyväskylä, Finland. The contract value is EUR 57 M.
Veidekke has entered into a contract with Vestaksen Eiendom to build Bragernes Kvartal in Drammen.

Major Contract for Veidekke in Drammen

Norway Norway — Veidekke Entreprenør has entered into a contract with Vestaksen Eiendom to build Bragernes Kvartal in the centre of Drammen. The contract includes erecting a six and seven storey building with 125 apartments and retail premises at street level. The value of the contract is €33.50 M excluding VAT.
Södra Porten, Mölndal, Sweden.

Hemfosa Signs Its Largest New Lease

Sweden Sweden — Hemfosa has signed a lease for previously vacant floor space in the Tulpanen 3 property in Mölndal, Sweden, and is investing in tenant-specific modifications. This major new lease and refurbishment comprise a key step in rejuvenating Mölndal's Södra Porten business park.
Johan Bergman.

Niam Purchases 461 Apartments in Aalborg

Denmark Denmark — Swedish Niam has purchased 461 apartments in Aalborg through two separate deals.
A 40,000 sqm office building is to be built in Copenhagen.

Construction of 40,000 sqm Office Building in Copenhagen

Denmark Denmark — A 40,000 sqm office building will be erected as a PPP project (Public Private Partnership) in central Copenhagen.
Schmidt Hammer Lassen wins competition to design a new residential development in aarhus.

Schmidt Hammer Lassen Designs a New Residential Development in Aarhus

Denmark Denmark — The project comprises of 106 apartments of varying size, from 2-bedroom flats to large penthouses with private roof terraces. It adapts to the city’s character and soul exploiting the site's exceptional values and creating a unique public urban garden.
Tellus Towers.

New Location for The Tellus Towers

Sweden Sweden — Less than a year ago, the Swedish Armed Forces stopped the planned placement of the Tellus Tower. Stockholm City and the developer SSM now agree on a new placement of the project, which might be Northern Europe’s tallest apartment building.

Park Street Acquires Tactical Stake in Storebrand Optimér Fund

Norway Norway — Park Street, the European private equity real estate manager, has acquired a tactical equity stake in the Storebrand Optimér property fund, a Norwegian unlisted real estate fund managed by the asset management arm of Storebrand, the insurance and pension provider.

Hemfosa Purchases More in Finland

Finland Finland — Hemfosa Fastigheter acquires a further three community service properties in Finland at a value of approximately €53 M (MSEK 500).

TV2 Leaves Karl Johan for Bjørvika

Norway Norway — TV2 leaves the Oslo office at Karl Johans gate and moves to an all new space in Bjørvika.

JLL: The Nordics Top the European Real Estate Market Transaction Table in 2015

Nordic — Real estate outperformed other asset classes in 2015 as record investment in the US helped to drive strong global transaction volumes throughout the year, according to new preliminary figures from JLL. In Europe, Germany and the Nordics enjoyed a standout 2015 with almost 30 percent growth year-on-year.

Skanska Develops and Constructs New Premises at Linnaeus University in Kalmar

Sweden Sweden — Skanska has signed a ten year lease with Linnaeus University in Kalmar, Sweden, which results in a construction contract worth about €107 M (SEK 1 billion). In addition, Skanska has received an order for conversion and extension of additional premises on the campus with an order value of about €54 M (SEK 500 M).
Bård Bjølgerud.

Pangea Property Partners and Mrec Establish Strategic Cooperation

Nordic — Pangea Property Partners, with offices in Stockholm, Oslo and London, and Helsinki-based Mrec has announced that the two companies have entered into cooperation on a project basis in order to take advantage of the increase in cross-border property transactions in the Nordic region.
Caroline Bertlin, new CEO of Nordisk Renting.

New CEO at Nordisk Renting

Sweden Sweden — After almost 15 years, Reinhold Geijer steps down as CEO for Nordisk Renting. Caroline Bertlin succeeds him.