Quadoro Doric acquires the property Nordhuset in Denmark.

Quadoro Doric Acquires Property in Denmark for Sustainability Fund

Denmark Denmark — Offenbach – The open-ended special fund Notenstein Sustainable Real Estate Europe has purchased an office property in Denmark for €16.3 million from Skanska, a world leading project development and construction group.
TOP 4 Nordic
Newsec CEO Max Barclay.
Nordic Nordic —
Max Barclay appointed sole CEO of Newsec – how the company will enter its next phase
Thomas Persson, Head of Capital Markets at JLL.
Nordic Nordic —
"Some players may be disappointed when they see the bids this autumn"
Andreas Morfiadakis, CEO of SBB.
Nordic Nordic —
SBB sells to PPI
Marius Hauland Næss, CEO and Managing Director of Snøhetta Oslo.
Nordic Nordic —
Snøhetta architect: "We must dare to think in terms of higher density"

Patrizia Sells Around 630 Apartments in Sweden

Sweden Sweden — Patrizia Immobilien AG has sold a portfolio with around 630 apartments in the Swedish university city of Umea. The buyer is Lerstenen Invest AB, a local investor from Sweden.
Olav Line.

Olav Line New CEO at Selvaag Bolig

Norway Norway — Olav Line has resigned from his position as CEO for Norwegian Property and assumes the position at Selvaag Bolig.

NCC to Expand Södersjukhuset

Sweden Sweden — NCC has been commissioned by Locum to expand the Södersjukhuset Hospital in Stockholm by adding a new treatment center and an operation and maintenance building. The order is worth about SEK 1 billion (€108 M).
Oscar Engelbert.

Oscar Properties Purchases The Swedish Patent and Registration Office’s Property

Sweden Sweden — Oscar Properties purchases the Uppfinnaren 1 property – The Swedish Patent and Registration Office – on Östermalm in Stockholm, from Vasakronan for MSEK 650 (€ 70 M).
Kari Inkinen.

Sponda Sold Shopping Centre and Office Building in Moscow

Finland Finland — Finnish Property investment company Sponda has sold shopping centre known as Solnechniy II as well as the Bakhrushina House office building in Moscow for the price of € 42 M to Horizon Properties Ltd.

Savills Investment Management Recruits New Nordic Manager

Nordic — Savills Investment Management, an international capital manager focusing on commercial properties, has elected Peter Broström as manager of the Nordic business, following Håkan Blixt’s resignation.

Finansiel Stabilitet Divests Loan and Credit Exposures

Denmark Denmark — LMN has acquired a loan portfolio from Finansiel Stabilitet.

Sagax Purchases Research Facility in Finland

Finland Finland — Sagax purchases a research and development facility in Uleåborg, Finland. The property encompasses 67,600 sqm leasable area and 118,500 sqm ransomed land area. The property is fully leased on a long-term cold lease. Possession will be taken during the third quarter.
David Neil.

Genesta’s New Fund Acquires Two Prime Office Properties in Helsinki

Finland Finland — Genesta’s new fund, Genesta Nordic Real Estate Fund II (GNRE Fund II), has acquired two prime office property assets in the city center of Helsinki from state-owned Senate Properties. The total purchase price of the assets is € 36.3 M.
Balder acquires Park 49 in Gothenburg.

Balder Acquires Office Property Under Construction

Sweden Sweden — Balder acquires the office property Park 49 in Gothenburg from Skanska for MSEK 418 (€ 45 M).

Citycon Sells Two Properties in Finland and Sweden

Finland Finland — Citycon has entered into contracts to divest two properties located in Tikkurila in Vantaa and Kallhäll in Stockholm. The total sales price for the two properties is around € 14 M.
Jens Engwall.

Hemfosa Acquires Community Service Properties in Norway

Norway Norway — Hemfosa Fastigheter acquires additional community service properties in Norway for approximately €30,8M.

Related article Hemfosa Divests Residential Property and Housing Development Rights Related article Hemfosa and Aspelin Ramm Invests in Specialist Hospital at Gardermoen
Gunnar Gjørtz.

KLP Purchases from Aberdeen in Norway

Norway Norway — KLP Eiendom purchases the seven remaining properties in Aberdeen Eiendomsfond Norge II. The property value amounts to MNOK 3,626 (€413M).

KLP Purchases in Central Oslo

Norway Norway — KLP Eiendom purchases Citypassasjen in central Oslo from Berner Gruppen.

Chairman Leaves Danish Company in Crisis

Denmark Denmark — Allan Andersen, Chairman of the Board in the Danish real estate company Nordicom, listed on Copenhagen’s stock exchange, leaves the company.

Trading of Pandox’s Shares Initiated

Sweden Sweden — The trading of Pandox’s shares on Nasdaq Stockholm was initiated on Friday. The first trades were made on SEK 111,50, SEK 5,50 above the issue price of SEK 106.

Big Success for First Crowd Funding Project

Sweden Sweden — Tessin, Scandinavia’s largest crowd funding platform for properties, has in recent years financed real estate projects with more than MSEK 30.
Magdalena Andersson.

Government Looks Over Packaging Regulations

Sweden Sweden — The Swedish government assigns an investigator to look over among other things the packaging regulations for properties. The goal is to minimize the opportunities for tax planning.

Pangea: High Transaction Activity in May

Nordic — The transaction activity on the Nordic market was high with with 61 deals and a total volume of € 5.0 billion in May. The volume was driven by large cross-border deals in all countries, according to Pangea Monthly Update.

Sveafastigheter Sells an Office Building in Helsinki to Deka

Finland Finland — Swedish property fund manager Sveafastigheter and its partner HGR Property Partners have sold an office building in Vallila in Helsinki, Finland. The buyer is a special fund managed by German Deka Immobilien. The purchase price is € 43.4 M.

VVO Acquires Former Head Office of Social Democrats

Finland Finland — VVO Homes, Finlands largest residential property investor, has acquired the former head office property of The Social Democratic Party of Finland (SDP), in Hakaniemi, Helsinki. The purchase price was €7.4 M.

Sato Purchases in Turku

Finland Finland — Sato has bought 77 rental homes in the centre of Turku from the Turku University Foundation and 54 rental homes to be completed in the Länsikeskus area in late summer 2016 from NCC. The investments amounts to approximately €20 M.
Martin Malhotra.

Catella: Closing in on the Summit?

Sweden Sweden — Catella's Real Estate Debt Indicator (CREDI) Main Index fell in June by 5.8 points to 54.8, compared with 60.3 in February 2015. Both lenders and borrowers indicated a continued slowdown. Availability of financing improved during the past three months and is expected to remain unchanged during the next three months.
Aberdeen köper i Norge för en ny fond.

Aberdeen Acquires Retail Property in Norway for New Fund

Norway Norway — Aberdeen Asset Management has acquired the retail property Ingeniør Rydbergs Gate 114 in Drammen, Norway on behalf of AP Nordic Investment. The building has a lettable area of 7,670 sqm and is fully let with furniture retailer Bohus as main tenant.