Tuula Entelä.

Sato sells 268 homes to Municipal Housing

Finland Finland — Sato Corporation, one of Finland’s leading rental housing providers, has sold 268 State-subsidised rental homes to Kunta-aravat Oy of Municipal Housing.
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
Skanska divests in Seattle.

Skanska divests majority interest in office building in Seattle

Sweden Sweden — Swedish Skanska divests a 90 percent interest in its 400 Fairview project in Seattle, USA, for USD 235 million (€214 M), to TIAA-CREF, a leading financial services organization.
Jakob Pettersson.

Increased International Interest in Swedish Properties

Sweden Sweden — During the first eleven months of 2015, international investors have doubled their relative investment volume compared to the same period the previous year, They are now accountable for approximately 30 percent of the transaction volume, according to Newsec. The corresponding investment volume from international investors has not been seen since 2008.

Decreased Oil Prices Can Lead to Real Estate Bubble

Norway Norway — The significant decrease in oil prices can internationally create a bubble on the real estate market. This according to CBRE that just came out with a new report on the effects of the decreasing oil prices.

NCC Sells Office Project in Stockholm for €170 M

Sweden Sweden — NCC is selling the Torsplan 2 office property in Hagastaden, Stockholm, and is simultaneously signing a contract to acquire an office property in Solna Business Park. The counterparty in the transaction is Fastighets AB Brostaden. The sale of Torsplan 2 will be carried out in the form of a company transaction at a value of approximately SEK 1.6 billion (€170 M).

DNB Divests its Residential Property Portfolio in Denmark

Denmark Denmark — Norwegian bank DNB divests its entire residential property portfolio in Denmark to an international private equity group. This is one of the largest property transactions in Denmark in 2015.
Ulf Nilsson.

D Carnegie Publishes Higher Valuation

Sweden Sweden — Residential property company D. Carnegie & Co – listed on Nasdaq Stockholm – is publishing a new valuation of its property portfolio, carried out by Newsec during November, which amounts to MSEK 13,600 (€ 1,480 M). Since this valuation exceeds previously reported values by more than SEK 1 billion (€ 108M), it may constitute price-affecting information, which the company is compelled to release to the market.
Skandia Fastigheter acquires Väla Marknaden 2.

Triuva Sells to Skandia in Helsingborg

Sweden Sweden — Triuva Kapitalverwaltungsgesellschaft (former IVG Institutional Funds) has divested a prime retail property in Helsingborg, Sweden to Skandia Fastigheter.

Construction Begins at Albano Campus in Stockholm

Sweden Sweden — The kick-off for the Albano campus has now taken place. Once completed, Albano will be a scientific hub connecting Stockholm University and KTH with each other and with the city. A unique socio-ecological campus will be created here for 15,000 students and researchers with university facilities, approximately 1,000 student housing units and room for commercial services.

Sagax Acquires in Finland

Finland Finland — Sagax acquires four properties in Vantaa and Espoo for approximately €17 M.

Hemsö Acquires Three Care Properties in Finland

Finland Finland — Swedish investor Hemsö has agreed to purchase three elderly care home properties from Elo Mutual Pension Insurance for € 33 M.

Olav Thon Eiendomsselskap Reaches Full Ownership of Thon Reitan AS

Norway Norway — Subsidiary, Amfi Eiendom AS, takes over as of Jan. 1, 2016 all shares in 50 percent owned unit, Thon Reitan AS.

Sirius Acquires Grocery Stores From Aberdeen for € 24 M

Finland Finland — The real estate fund Sirius Fund I Grocery has acquired six grocery stores from Aberdeen Property Fund Finland I Ky. The assets are located in Tampere, Keuruu, Ylöjärvi, Nastola, Helsinki and Parainen.

Schmidt Hammer Lassen Plan New District in Central Oslo

Norway Norway — Schmidt Hammer Lassen wins international competition to design a 87,000 sqm masterplan in the area of Skøyen in central Oslo. Eureka Kvarteret will become a unifying urban development icon. It will draw a new skyline and a versatile reflection of city life by combining the diversity of the existing settlement as well as creating a connection to Oslo fjord.
Biljana Pehrsson.

Kungsleden Divests the Remaining Share of NMG to Inter Ikea Investments

Sweden Sweden — Kungsleden divests its remaining share of Nordic Modular Group, corresponding to 34.5 percent of the shares in the company, to Inter Ikea Investments. The price relates to a valuation of the company at SEK 1.45 billion (€ 160 M). The transaction allows Kungsleden to free net liquidity of SEK 330 million (€ 35,73 M).
Lena Boberg.

Ica and AP 1 Creates New Company

Sweden Sweden — Ica Fastigheter and the First Swedish National Pension Fund (AP 1) creates Secore Fastigheter, that initially acquires 13 retail properties from Ica Fastigheter in Sweden, for MSEK 1,100 (€ 118 M).
British Tobacco sells to NREP Logicenters.

Sells Four Years Post Shutdown

Denmark Denmark — British America Tobacco closed down their production in Denmark in 2011 and have wanted to sell their production plant in Vallensbaek since. The property – encompassing 12,000 sqm – is now sold to a fund under NREP Logicenters.
Obos acquires a large project in Oslo.

Obos Purchases Large Development Project in Oslo

Norway Norway — Obos purchases a large development area in Oslo from Storebrand and Fabritiusgruppen.

Northern Horizon Purchases Eight New Care Homes in Finland

Finland Finland — Northern Horizon Capital’s Healthcare II fund has forward purchased eight new elderly care homes in Finland. Esperi Care Oy will be the tenant and operator of all the properties while Rakennusliike Lehto Oy will be the developer.
Peter Wågström.

NCC Plans to Distribute NCC Housing in 2016

Sweden Sweden — NCC, listed on Nasdaq Stockholm, is planning to distribute NCC Housing to shareholders in 2016 in accordance with the rules of Lex ASEA. In the event of a spin-off, NCC’s shareholders will receive shares in the new housing development company instead of cash dividends.
Henrik Saxborn.

Castellum Divests to Fastpartner in Stockholm

Sweden Sweden — Castellum reallocate the portfolio in Stockholm and sells, through its wholly owned subsidiary Brostaden, eleven properties to Fastpartner for MSEK 822 (€ 89M).

HIG Capital Acquires a Portfolio of 16 Retail Assets in Norway

Norway Norway — Londonbased HIG Capital has completed the acquisition of a portfolio of 16 predominantly grocery store-anchored retail assets in Norway, let to the two leading grocery retailers in the country.
Hans Biörck.

Proposes Hans Biörck as New Chairman

Sweden Sweden — Skanska´s nomination committee has proposed that Hans Biörck will be elected new Chairman at the annual general meeting on April 6, 2016.
A Tristan fund acquires a Norwegian retail park portfolio.

Tristan Fund Acquires Norwegian Retail Park Portfolio

Norway Norway — Episo 3, the opportunity fund advised by pan-European real estate investment adviser Tristan Capital Partners, has agreed to acquire a portfolio of five retail parks and four development sites in Norway from the property arm of retail group Coop Norge for NOK 1.2 billion (€136 M).
NBIM acquires 44 percent of a property portfolio in New York.

NBIM Makes Large Investment in New York

Norway Norway — Norges Bank Investment Management has entered into contract to acquire a 44 percent interest in a portfolio comprising 11 office properties in New York City, in a joint venture with Trinity Wall Street.