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Porcelænshaven in Copenhagen.

Capman buys from Corem

Denmark Denmark — CapMan Social Real Estate Fund acquires the office and educational property Porcelænshaven, in Copenhagen, from Corem.
TOP 4 Nordic
Henrik Bastman.
Nordic Nordic —
Following the acquisitions in Finland – Storebrand Real Estate looks at new opportunities
Louise Richnau and Stefan Dahlbo.
Nordic Nordic —
Prominent duo proposed to Cibus' board
Nordic Nordic —
Winners and losers on the stock market in January
Nils Styf, CEO of Hemsö.
Nordic Nordic —
Nils Styf: "A lack of resources and expertise in many municipalities"
Kista Galleria in Sweden.

Citycon becomes the sole owner of Kista Galleria

Sweden Sweden — Citycon is in the final stages of taking over the remaining share (50 percent) in Kista Galleria in Stockholm. The acquisition was announced in connection with the company's annual accounts. The Canadian company CPP Investments sells its share and thereby owns 100 percent of Citycon Kista Galleria.
Carl Janglin.

CEO and CFO to leave Oscar Properties

Sweden Sweden — Oscar Properties CEO Carl Janglin and CFO Magnus Thimgren have informed the company that they intend to leave their positions.
Capman buys school property.

Capman makes acquisition in Hämeenlinna

Finland Finland — Capman Real Estate acquires Seminaari school, located in central Hämeenlinna.
​ 182 / 5 000 Översättningsresultat Översättningsresultat Mattias Baggfelt, head of Debt & Financial Advisory at JLL, believes in a 2024 where the interest rate situation will gradually improve and where a first reduction will come sometime around May/June.

JLL's expert: "Very positive on the bond market right now"

Sweden Sweden — The beginning of the year has meant some setbacks for the short and long interest rates and as late as the other day there were bad inflation figures from the USA which affected the listed part of the real estate sector in a negative way. But Mattias Baggfelt, head of Debt & Financial Advisory at JLL, still believes in a 2024 where the interest rate situation in Sweden will gradually improve and where a first reduction will come sometime around May/June.
Niam acquiers an office property in Greater Copenhagen.

Niam acquires office property in Greater Copenhagen from Industriens Pension

Denmark Denmark — Niam is pleased to announce the acquisition of a 7300 sqm office property, strategically situated in Greater Copenhagen, with Novo Nordisk, a global healthcare company as the exclusive tenant. The seller is Danish pension fund Industriens Pension and the acquisition price is DKK 130 million (EUR 17.4 million).
Marcus Carlsson.

CBRE strengthens its hotel team – brings in former Strawberry CEO

Nordic — CBRE recruits Marcus Carlsson as Senior Director Hotels. He will be based in Sweden.
Andreas Morfiadakis, CEO of Klarabo.

"Will have interesting discussions next quarter linked to acquisitions"

Sweden Sweden — 2023 has been a gap year for Klarabo, due to the turbulence experienced by the market and the outside world. The company already started measures in 2022 to get through the concern that has spread around the world. Klarabo has put growth on hold and basically paused all new production in favor of working with organic growth, through investments in its own stock. Andreas Morfiadakis, CEO of Klarabo, is satisfied with the financial results.
Adam Tyrcha, Head of Research at Newsec Advisory and Anders Elvinsson, Head of Valuation and Strategic Advisory at Cushman & Wakefield.

The advisory duo's verdict on the office and housing markets

Sweden Sweden — Adam Tyrcha, Head of Research, Newsec Advisory and Anders Elvinsson, Head of Valuation and Strategic Advisory, Cushman & Wakefield looked, among other things, at the office and housing markets when they participated in a panel debate on the market situation organized by MSCI's Property Intel earlier this week. Here are the strengths and weaknesses of the segments and what investor appetite looks like.
Miro Karttunen.

Capman strengthens its residential team with Miro Karttunen

Finland Finland — CapMan Real Estate strengthens residential property management team with hire of Miro Karttunen, previously CEO of Newsec Property Asset Management in Finland.
Rutger Arnhult, CEO of Corem.

Corem divests two properties in Gothenburg and Malmö

Sweden Sweden — In two separate deals, Corem has signed agreements for the sale of two properties in Gothenburg and Malmö at a total underlying property value of SEK 101 milllion, which is in line with book value.
Orlando Villacrez and Kyrkans centrum in Täby, Stockholm. The image is a montage.

How Storsala looks to increase its property value from EUR 155 to 455 million

Sweden Sweden — With the acquisition of the Kyrkan centrum in Täby, Storsala continues its investment in expanding the portfolio. CEO Orlando Villacrez tells Nordic Property News about the latest acquisition, how to take the property value from SEK 1.7 to 5 billion (EUR 155 to 455 million) within three years and how the first year with the Storsala investment was.

CA Fastigheter appoints Malin Claesson Stenström as new CEO

Sweden Sweden — As previously announced, CA Fastigheter's current CEO Andreas von Hedenberg has resigned from his position and will leave on April 30, 2024. It is now clear that he will be replaced by Malin Claesson Stenström, who will take up the position as CEO on May 1, 2024.
Joacim Sjöberg, acting CEO of Castellum.

Sees increased vacancy rate in 2024: "Had a ketchup effect with redundancies"

Sweden Sweden — Castellum experienced a volatile net rental during 2023 which landed at minus 67 million, the majority of which is attributed to Q4 when there were several major relocations. Bankruptcies are also increasing in Castellum's portfolio, and CEO Joacim Sjöberg does not think it is unlikely that the vacancy rate for the company will further increase in 2024.
Ulrika Hallengren, CEO of Wihlborgs.

Ulrika Hallengren: "Proximity to the market is crucial"

Nordic — The end of 2023 was a fairly active period for Wihlborgs, with a record high value of newly signed leases during the fourth quarter. The company also had large redundancies but also a positive net rental in the quarter. On Tuesday morning, Ulrika Hallengren, CEO of Wihlborgs, had to present a financial statement that contains both highs and lows. "It has been a period of major changes."
Annie Franzon, Head of Transactions at Diös.

Diös divests residential in Northern Sweden

Sweden Sweden — Diös sells 22 residential properties in Östersund and Gävle with a leasable area of 26,000 square meters for SEK 385 million. The underlying property value is in line with the book value. The transaction is in line with the company’s portfolio strategy.
Lennart Sten.

Lennart Sten proposed as new Chairman of SBB

Nordic — The Nomination Committee’s Board of Directors of SBB propose Lennart Sten pas new Chairman. He is proposed to succeed Lennart Schuss who has decline re-election as Chairman, but will continue on the Board of Directors.
Sophie Löfving.

Sophie Löfving appointed Managing Director of RED Management

Sweden Sweden — RED Management appoints Sophie Löfving as Managing Director. The company is facing an expansion where, among other things, the business area SYD (South) was recently initiated with a base in Malmö. Sophie Löfving will lead the company through the next phase of growth and development.
The tower where the water slides where suppose to start was instead where the fire started.

Major Swedish project destroyed by fire: "A terrible sight"

Sweden Sweden — On Monday, a major fire broke out at NCC's Oceana project in Gothenburg. The fire started at a water attraction on the outside of the building and later spread to the rest of the building. A person who worked for the amusement park Liseberg on the project is still missing. Niklas Sparw, business area manager NCC Building Sweden, comments to Nordic Property News what it was like to see the devastation in a project he has visited many times, at what stage the construction was and the hope that there are certain parts that can be saved.
Christer Farstad.

"Gratifying to see a consensus between tenants and property owners on sustainability issues"

Nordic — CBRE grows from within as Christer Farstad is appointed Head of Occupier Advisory & Transaction Services in the Nordics. He tells Nordic Property News about his new position, his view on the Occupier Service market, and the most important tasks within the segment in 2024 for CBRE.

Wihlborgs implements Group Management changes

Nordic — With the aim of increasing operational traction and formally clarifying existing working methods, Wihlborgs is implementing minor changes to its organisation. The changes include the appointment of the Chief Financial Officer and Director of Projects & Developments as Deputy CEOs as well as the establishment of a new business-oriented role, which entails a decrease in the members of Group Management.
Niclas Bergman, steps down as CEO of Nivika.

Niclas Bergman steps down as CEO of Nivika

Sweden Sweden — After 25 years as president and CEO at Nivika, Niclas Bergman has informed Nivika's board that he is leaving the position as president and CEO. The work to recruit a new president and CEO will begin immediately.
Ylva Sarby Westman, CEO of Neobo.

Neobo divests property portfolio in Eskilstuna

Sweden Sweden — Neobo Fastigheter AB has divested six residential properties in Eskilstuna at an underlying property value of SEK 113 million, which is in line with the most recent external valuation that was conducted at year-end.
Niklas Johansson and Anna Hallsten.

How Nordisk Renting will continue to build after the change in CEO

Nordic — Nordisk Renting has appointed Caroline Bertlin's successor as CEO and decided on Anna Hallsten. Chairman of the board Niklas Johansson tells Nordic Property News why Anna Hallsten was the right person to take over, about the possibilities for more recruitments and what will be the most important tasks for Nordisk Renting in 2024.
Erik Selin, CEO of Balder.

Erik Selin on Balder's 2024: "Net sales of building rights – maybe some investments"

Sweden Sweden — Balder's CEO Erik Selin predicts a quiet 2024 for the company, which in many ways will be similar to their 2023. There are no project starts planned during the year, and he also does not see much activity ahead of him in the transaction market, although he believes that as a whole the market will thaw more during the course of the year.