The Grønvoll quarter development at Helsfyr in Oslo.

Veidekke: Construction start for major project in Oslo

Norway Norway — Before the summer, Nordr Norway selected Veidekke as the design and build contractor for the Grønvoll quarter development at Helsfyr in Oslo. Now it is ready for the first construction stage with 109 apartments, a commission valued at NOK 382 million excl. VAT.
TOP 4 Nordic
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
Housing is singled out as the single most important factor behind the differences between European capitals. For families who rent, housing costs are by far the largest expense item (the people in the image have nothing to do with the text).
Nordic Nordic —
Stockholm among Europe’s most affordable capitals despite high housing costs
Oscar Properties.

Bankruptcy application against Oscar Properties withdrawn: "We have be given some breathing room"

Sweden Sweden — The condominium association Innovationen withdraws its bankruptcy petition against Oscar Properties. In a press release, CEO Richard Bagge now comments on the company's future, which includes, among other things, the ambition of a new share issue.
Prisma CEO, Fredrik Mässing.

Prisma Properties' Nordic targets after the IPO

Nordic — Fredrik Mässing, CEO of Prisma Properties, on the first report as a stock market company and what the future might hold.

The largest owners in the listed Nordic property companies

Nordic — Nordic Property News presents figures of the largest owners in the listed Nordic real estate companies.
Oslo.

Union and Gjelsten form new residential company in Oslo

Norway Norway — Union Residential Development, Union Real Estate Fond IV and Gjelsten Bolig have entered into an agreement to establish a joint housing development company with a focus on Oslo. The company will receive a land bank of close to 600 homes spread over seven projects in Oslo that will be developed over the next few years. The transaction has a value of NOK 1.5 billion.
Gothenburg.

Grandab sells in Gothenburg

Sweden Sweden — Grandab Fastigheter II sells a property and two land rights in Gothenburg.
Stockholm.

Europe's top investment destinations: Stockholm ranked in fourth place

Nordic — Sweden was the laggard in the Nordic commercial real estate investment markets in the second quarter, according to MSCI’s Europe Capital Trends report released last week.
Skanska.

Skanska signs supplemental award for data center in USA

Sweden Sweden — Skanska has received a supplemental award with an existing client to build a data center in Georgia, USA. The supplemental award is worth USD 203M, about SEK 2.1 billion.
Jacob Karlsson, CEO of K-Fastigheter.

Early impact on K-Fastigheter's new business plan

Sweden Sweden — K-Fastigheter's CEO Jacob Karlsson: "We are convinced that the new business plan will create great value and that it is realistic to incorporate within the set time period."

Home buyers' price expectations fell again

Sweden Sweden — In Hemnet’s Buyer Barometer, buyers’ price expectations fell for the second month in a row in August.
Henrik von Sydow.

Carnegie: The future is not that hard to predict

Nordic — Henrik von Sydow, Global Analyst at Carnegie, on the upcoming challenges in the geopolitical environment.
Oscar Properties.

Stockholm District Court rejects Oscar Properties' corporate restructuring application

Sweden Sweden — The Stockholm District Court has announced that the company's application for reconstruction is rejected. The company intends to appeal the decision to the Svea Court of Appeal with a request for urgent processing.
Farid Shawkat.

Colliers appoints new COO for the Nordic market

Nordic — Colliers announces the appointment of Farid Shawkat as Chief Operating Officer for the Nordic region.

Colony has made an offer to acquire the shares in Fleming Properties

Sweden Sweden — The Swedish company to get a new main owner.
Andreas Morfiadakis, CEO of Klarabo.

Aims to be more active on the transaction market – here are the challenges ahead for Klarabo

Sweden Sweden — CEO Andreas Morfiadakis: "Klarabo's way back to being a transaction-intensive company where we continue to grow through acquisitions."

Heimstaden Bostad Secures a Seven-Year EUR 725 Million Loan

Nordic — Heimstaden Bostad, through its subsidiary Heimstaden Holding 1 B.V., successfully refinances part of its portfolio in the Netherlands through a new sustainability-linked secured credit facility with maturity in 2031.
Oscar Properties.

Oscar Properties' future to be decided soon

Sweden Sweden — The Stockholm District Court postponed bankruptcy proceedings with Brf Innovationen yesterday.
Max Barclay.

Newsec: Great global interest for the Nordic market

Nordic — Max Barclay, Deputy CEO at Newsec, on the expected figures on the transaction markets in the Nordic countries.
Catena sells in Bjuv.

Catena owned company divests property in Bjuv to Aviva Investors

Sweden Sweden — Foodhills Fastighet AB has signed an agreement to sell the Bjuv 23:6 property in Bjuv via a corporate transaction at an underlying property value of SEK 645 million before the deduction of deferred taxes.
Joakim Alm.

Alm Equity sells shares in Nyttobostäder to Aermont Capital

Sweden Sweden — The purchase price amounts to SEK 1.9 billion, with the underlying property valued at approximately SEK 8.4 billion and is one of the largest residential deals ever in Sweden.
Niklas Samuelsson, CEO of Savills Sweden.

Savills on the transaction trends to expect

Nordic — Savills Sweden's CEO Niklas Samuelsson: "The situation is assessed on a micro, micro, micro level."
Four new properties will be developed in Denmark.

Biggest lease to date – Prisma's expansion takes new leap

Denmark Denmark — Prisma Properties has signed long lease agreements with the low-price player Big Dollar, which thereby continues its extensive expansion in the Danish market. The lease applies to a total of four new stores totaling approximately 13,000 square meters with an annual rental value of DKK 13.1 million, approximately EUR 1.75 million.
Peter Wallin, CEO Bonava.

Bonava CEO: "Recovery can take time"

Nordic — Bonava sees good opportunities to gradually increase production starts in the second half of 2024 and 2025. This is what CEO Peter Wallin says in the report for the second quarter. But there is one market that looks particularly bright.
Oceana the day after the fire.

NCC gets renewed deal for fire-ravaged water park: "Gratifying step forward"

Sweden Sweden — Five months have passed since the amusement park Liseberg's upcoming water park Oceana in Gothenburg went up in flames. The fire claimed one life and the devastation was great. Niklas Sparw, business area manager, now explains how important it was for NCC to regain the confidence to complete Oceana.
Erik Selin, CEO of Balder.

"For Balder, the choice is between everything or nothing"

Nordic — He has hinted at it before. Balder can take many paths forward and nothing seems set in stone for CEO Erik Selin. From being a company that hoards building rights, there is now reasoning about divestments. A direction towards a more rational company, he says when the second quarterly report is presented.