Alecta writes down the value of Heimstaden Bostad by EUR 1.16 billion

Sweden Sweden — Heimstaden Bostad, Alecta's largest single holding in which approximately SEK 50 billion (EUR 4.56 billion) has been invested, was negatively affected by the rise in interest rates. This led to a significant decline in value for Alecta's shareholding in the company. Alecta writes down the value of Heimstaden Bostad by SEK 12.7 billion (EUR 1.16 billion), corresponding to 25 percent of the value.
TOP 4 Nordic
Helena Paulsson, head of Afry Architects, and Thomas Sandell, cheif architect.
Nordic Nordic —
"Our supply is being sharpened towards the market"
Blackrock is among the largest owners in several of the listed Nordic real estate companies.
Nordic Nordic —
The development of Blackrock’s ownership in listed Nordic companies
Christian Fredrixon, Kristina Sawjani and Henrik Brinck Landelius.
Nordic Nordic —
The hottest free agents in the industry
Nordic Nordic —
The largest owners in the listed companies
Jenny Tuleby.

CBRE IM makes residential acquisition in Copenhagen

Denmark Denmark — CBRE Investment Management acquires portfolio of affordable rental properties in Ballerup, Greater Copenhagen.
Peab rebuilds school for Lundafastigheter.

Peab rebuilds school in Lund

Sweden Sweden — Peab has been commissioned to build a school in Lund. The customer is Lundafastigheter and the contract is worth SEK 139 million (EUR 12.6 million).
Niclas Höglund, head of research at JLL.

"I think there could be more listed real estate companies by the end of 2024"

Sweden Sweden — JLL's Head of Research Niclas Höglund, who will be leaving the company soon, sees several factors that speak for a positive year for property companies on the stock exchange and expects both more new issues, bonds and that there may be more property companies on the stock exchange at the end of the year than there are today. During JLL's latest Nordic Outlook, he revealed more about why and what will drive development on the real estate market in 2024.
Stina Lindh Hök, CEO of Nyfosa.

Nyfosa evaluates strategic options for its holding in Söderport

Sweden Sweden — Nyfosa has decided to evaluate the strategic options, including a potential divestment, for its 50 percent shareholding in Söderport Property Investment AB.
Erik Möller, Head of Hotels at Slättö, and Daniel Stenbäck, Chief Development Officer at Strawberry. The image is a montage.

Slättö and Strawberry's plans for the new joint hotel venture

Sweden Sweden — A new Swedish hotel chain has been established through a joint venture between Slättö and Strawberry. Erik Möller, Head of Hotels at Slättö, and Daniel Stenbäck, Chief Development Officer at Strawberry, tell Nordic Property News about the investment, what gap in the market they see themselves filling, which properties are part of the expansion and what the ownership picture will look like.
Heba and Åke Sundvall sell properties in Stockholm.

Heba and Åke Sundvall divest in Stockholm

Sweden Sweden — Heba and Åke Sundvall have, through their JV company VBT Utvecklings AB, signed an agreement for the transfer of two properties in Vårberg. The buyer is AB Svenska Bostäder. The deal is carried out as two company deals and the accessions are tentatively September 1, 2024 and June 1, 2025 respectively. The deal is subject to a conditional decision by AB Svenska Bostäder's board, Stockholms Stadshus AB's board and the Stockholm City Council.
Urban Escape.

Söderberg & Partners takes over Wework's premises in Urban Escape

Sweden Sweden — Söderberg & Partners becomes a new tenant in the Urban Escape neighborhood in Stockholm. They take over the entire Trollhättan 29 property next to Brunkebergs torg, with a total of 11,088 square meters of leased space.
Daniel Anderbring, Head of Capital Markets at JLL and Pegah Abedini, Director at JLL.

Positive trend on the transaction market: "Stronger will to do business"

Nordic — During 2023 the ball bounced more awkwardly than kindly for transaction advisor JLL on the transaction market, but the firm still managed to land over a dozen deals in a range of different segments. The transaction duo Daniel Anderbring and Pegah Abedini testify to a clear improvement in the market after the turn of the year and here they highlight the hot and slightly cooler segments in terms of probable transaction activity going forward.
Bo Stevness.

Savills strengthens its team with Bo Stevnss

Denmark Denmark — Savills Denmark strengthens the team in Capital Markets with Bo Stevnss, who joins as Partner per 1 March 2024.

Two heavyweight increases SLP-holdings

Nordic — Two giants increased their holdings in SLP substantially in the fourth quarter.

SBB establishes JV with Castelake

Sweden Sweden — SBB establishes a joint venture for community properties with Castlelake generating cash proceeds to SBB of approximately SEK 5.2 billion (EUR 474 million).
Liia Nõu, CEO of Pandox.

Pandox sells in Canada

Nordic — Pandox has entered into an agreement to divest Doubletree by Hilton Montreal in Canada. The sale includes both the hotel property and hotel operations with a total transaction price of approximately MCAD 80 (EUR 51 million). The closing is planned to take place in the second quarter of 2024.
Miguel Martins, IHG Hotels & Resorts.

The hotel giant is establishing itself in Sweden – here are their plans for the market

Nordic — Recently it became clear that the hotel giant IHG Hotel & Resorts together with Revelop as property owner will open the doors to their first hotel in Sweden. Miguel Martins, Head of Development, Northern Europe at IHG Hotels & Resorts, explain more about their upcoming plans.
Mipim will be back in Cannes in March.

They send the most Danish participants to Mipim

Denmark Denmark — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Last out are the participants from Denmark.
JM’s subsidiary AB Borätt acquiring building rights for residential development in Sollentuna.

JM’s subsidiary AB Borätt makes Sollentuna acquisition

Sweden Sweden — JM’s subsidiary AB Borätt has acquired building rights for the development of approximately 220 residential units located in Sollentuna just north of Stockholm. The acquisition amounts to approximately SEK 150 million including a paid development contribution.
Erik Nyman.

Erik Nyman appointed new Head of Research for JLL Sweden

Sweden Sweden — JLL strengthens its corporate finance team with the appointment of Erik Nyman as new Head of Research.
Castellum signs new lease with Omegapoint.

Castellum signs new lease in central Gothenburg

Sweden Sweden — Castellum has signed a lease with the cyber security company Omegapoint for 1,255 square meters, at Östra hamngatan 16, in central Gothenburg. Access is planned for December 2024.
Mipim.

They send the most Finnish participants to Mipim

Finland Finland — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Today the participants from Finland are presented.
Rutger Arnhult, CEO of Corem.

"We will probably sell for another EUR 85–170 million in 2024"

Nordic — During the fourth quarter of 2023, Corem continued on the same track they had during the whole year with sales of properties at a rate that can hardly be compared with any other company on the Swedish market. CEO Rutger Arnhult describes one of these deals as the worst in his entire life. At the same time, he predicts that sales will continue in the billions range.

Barings acquires Swedish residential development project

Sweden Sweden — Barings has acquired a 264-home development opportunity in Stockholm from Innovation Properties on behalf of a private insurance client.
Thomas Holm, CEO of Svenska Handelsfastigheter.

Svenska Handelsfastigheter acquires in three cities

Sweden Sweden — Svenska Handelsfastigheter further strengthens its position through the acquisition of a total of 23,000 square meters of lettable space at the trading sites Boländerna in Uppsala, Tornby in Linköping and establishing itself at the trading site Svågertorp in Malmö.
Erik Norrman and Sissel Andersson.

Svefa strengthens its transaction team

Sweden Sweden — Sissel Andersson and Erik Norrman get extended areas of responsibility.
A number of Norwegians will participate in this year's Mipim.

They send the most Norwegian participants to Mipim

Norway Norway — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Today the turn has come to the participants from Norway.
Carl Janglin.

Oscar Properties' CEO on the turmoil: "Forced to shrink to survive"

Sweden Sweden — Oscar Properties' outgoing CEO Carl Janglin tells Nordic Property News why he is leaving the company, what the pressure has been like in recent months and why his short time at the company did not turn out as he had imagined.