Veidekke to Build 127 Homes at Løren i Oslo

Norway Norway — Veidekke Entreprenør has signed a contract with Lørenvangen Utvikling AS, which is jointly owned by OBOS Nye Hjem and Veidekke Eiendom, to build the third and fourth stages of the Gartnerløkka development. The two stages comprise 127 homes and a parking cellar. The total sales value of the homes is NOK 491 million (€ 51,98 M).
Kungsleden köper Electra Building i Kista av Nordika för 75 miljoner kronor.

Kungsleden Expands in Kista

Sweden Sweden — Kungsleden acquires the office property Electra Building (Keflavik 1) in Kista, Stockholm, with a total leasable area of 25,000 sqm. The vendor is Nordika and the sales price amounts to MSEK 750 (€ 78 M).

NREP Opens Office in Oslo

Norway Norway — NREP has announced the opening of an office in Oslo. The office will be led by Jens Petter Hagen, who joins NREP from the private equity firm Advent International.
Svein Hov Skjelle.

Skjelle New CEO of Norwegian Property

Norway Norway — The Board of Directors of Norwegian Property has appointed Svein Hov Skjelle as the company´s new Chief Executive Officer (CEO).

Anonymous Buyer in Copenhagen Deal

Denmark Denmark — Copenhagen Property Investment and Artha Kapitalforvaltning has sold 26 newly renovated properties in Central Copenhagen and in Fredriksberg for €94M. The buyer is an anonymous international investor.

Amundi Immobilier Acquires Office Property in Helsinki

Finland Finland — The French property fund Amundi entered the Finnish property market when buying Duetto Business Park in Helsinki.

JM Acquiring Property with Completed Local Plan in Skårer Syd, Oslo

Norway Norway — JM has signed an agreement with Stor-Oslo Eiendom to acquire part of the company's property in Skårer Syd in Lørenskog north of Oslo. The transaction is worth approximately SEK 160 million (€16,87 M) with occupancy and payment planned for October 1, 2015.

SRV-developed Kalasatama Health and Wellbeing Centre Sold

Finland Finland — SRV has sold the health and wellbeing centre it is developing in Kalasatama, Helsinki. The buyer is a special fund managed by Deka Immobilien.

Veritas sells Sola Business Valley office building

Finland Finland — Veritas Pension Insurance has sold an office building located in Leppävaara, Espoo to RREEF Investment GmbH, a real estate investment business of Deutsche Asset Management. The purchase price is approximately €70M.
Pål Ahlsén.

Akelius Acquires 427 Apartments in Toronto

Sweden Sweden — Akelius Acquires 427 Apartments in Toronto. The purchase price was €49M.

CapMan Real Estate Acquires a Vacant Office in Stockholm for Conversion into a School

Sweden Sweden — CapMan Nordic Real Estate fund has acquired an office building (“Kabelverket 6”) located in Älvsjö, Southern Stockholm, from NA 2 Älvsjö AB (Valad). CapMan will convert the 7,930 sqm building to a school and has already signed a leasing agreement for the entire property with Internationella Engelska Skolan (IES), the largest independent free school in Sweden.
Egil Svoren.

Large Shopping Center Deal in Norway

Norway Norway — Schage Eiendom acquires the Norwegian shopping center company Salto Eiendom. The gross asset value is €550 M (NOK 5 billion).

Citycon Sells Shopping Centre Strömpilen in Umeå

Sweden Sweden — Citycon has signed an agreement to sell the shopping centre Strömpilen in Umeå to Niam.
James Seppala.

Blackstone in the Region´s Largest Deal Since 2008

Norway Norway — American Blackstone Group has bought Nordic real estate portfolios valued at about € 2.4 billion (MNOK 22 billion) in the region’s largest property deal since 2008.
Balder köper ett bostadsprojekt av Skanska i Köpenhamn.

Balder Acquire Residential Project in Copenhagen

Denmark Denmark — Swedish listed property company Balder acquires a residential project from Skanska in Copenhagen for approx. €136M.
Ingalill Berglund.

Atrium Ljungberg Sells Four Retail Properties

Sweden Sweden — Atrium Ljungberg has concluded an agreement to divest four properties in Sweden for SEK 1.3 billion (€136 M).
Eirik Thrygg.

Eirik Thrygg to Leave Citycon

Norway Norway — Eirik Thrygg, member of Citycon’s Corporate Management Committee, is leaving the company for a position as CEO at Höegh Eiendom.
Trond Dahle, Multiconsult, Rolf Maurseth, Link arkitektur och Christian N Madsen, Multiconsult.

Multiconsult Acquires Remaining Shares in LINK Arkitektur AS

Norway Norway — Multiconsult has entered into agreements with the other shareholders in LINK arkitektur AS for the acquisition of the remaining 68 per cent of the shares. Following completion of these transactions, Multiconsult, previously owning 32 per cent of the shares, will own 100 per cent of the shares in LINK arkitektur AS.

Entra and Camar Eiendom in Stavanger Construction

Norway Norway — Gullfaks is a 17,900 sqm office building under construction at Hinna Park in Stavanger. Entra and Camar Eiendom owns the property 50/50 through the joint venture Hinna Park AS.
Nils Styf.

Citycon Divests a Non-core Portfolio in Finland for € 76 M

Finland Finland — Citycon has entered into an agreement to sell a 60,000 sqm portfolio of 13 grocery store properties located across Finland to a Finnish property fund for a total value of approximately €76 M.

JM Acquires Lakeside Property in Stockholm

Sweden Sweden — JM has concluded an agreement with Profi Fastigheter for acquisition of the property Racketen 10, in Alvik, Stockholm. The transaction is worth €84M with occupancy and payment expected to take place in the fourth quarter of 2015.
Pål Ahlsén.

Akelius Sells Commercial Properties

Sweden Sweden — During the summer, Swedish Akelius has carried through multiple deals – the company has sold commercial properties in Sweden and purchased apartments in New York, London, Montreal, Toronto and Berlin.

Strong Nordic Transaction Market in July

Nordic — July was another month of high transaction activity in the Nordics with 49 deals and a total volume of EUR 4.6 billion, according to Pangea Monthly Update. The volume was partly driven by Blackstone's sizeable acquisition of several Obligo IM fund structures with properties in all Nordic countries.
Lennart Sten.

Lennart Sten Behind Large Retail Property Venture

Sweden Sweden — A new Swedish real estate company, founded by amongst others Lennart Sten, former Europe Manager at GE Capital Real Estate, purchases 44 retail properties from Areim.
DNB Scandinavian Property Fund makes a large acquisition in Oslo.

DNB Scandinavian Property Fund Purchases in Oslo

Norway Norway — DNB Scandinavian Property Fund purchases Østbygget in Bjørvika, Oslo, from DNB Liv. The underlying property value is MNOK 1,224 (€ 136 M).