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Sentralbadet.

Veidekke to transform central baths in Bergen

Norway Norway — Bergen municipality has commissioned Veidekke to transform the old central baths in the city centre into a performing arts centre. The contract is a collaborative construction project valued at NOK 330 million excluding VAT with additional options.
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"
Move office property.

Trevian attracts office tenants to "challenging" area

Finland Finland — The Move office property in Helsinki has completed a comprehensive space renovation, strengthened its services, and attracted companies to the challenging Pitäjänmäki office area.
James Robson.

Hines enters Sweden: "Committed to growing our presence"

Sweden Sweden — Hines enters the Swedish market through an acquisition in Jönköping. James Robson, Country Head – Nordics at Hines, tells Nordic Property News about the inaugural acquisition, the plans for Swedish expansion, what locations and segments they look for new investments in.
Ola Serneke, founder of Serneke.

Ola Serneke's unexpected new dream project: "Really big"

Sweden Sweden — Heart and brain, these are two qualities that have been driving forces for Ola Serneke in the big investment he made in growing Serneke into the company it is today. Now that it is getting close to the year after the Doxa deal, he talks about what plans and dreams he has going forward.
Cecilia Fasth, CEO of Stena Fastigheter.

"We don't want to buy anything until prices are adjusted to the right level – don't think we're there yet"

Sweden Sweden — After a 2023 with a pending transaction market, Stena Fastigheter's CEO Cecilia Fasth hopes for more within a certain segment in 2024 – but does not see the market as ripe for that yet.
Hines acquires from Nobia.

Hines makes logistics acquisition in Jönköping

Sweden Sweden — Nobia enters into an agreement with Hines regarding sale and leaseback of factory property in Jönköping.
Ronald van der Waals.

Ronald van der Waals appointed CEO of Logicor Nordics

Nordic — Logicor appoints Ronald van der Waals as CEO of Logicor Nordics. He retains his current role as CEO of Northern, Central & Eastern Europe.
Framtiden acquires part of Karlastaden in Gothenburg.

Serneke and Balder sell 151,000 sqm of building rights in Karlastaden to Framtiden

Sweden Sweden — Serneke and Balder sell approximately 151,000 square meters of building rights in Karlastaden to Gothenburg's public property group AB Framtiden. The deal consists partly of two blocks that are transferred to 100 percent, and partly of four blocks that are transferred to 74 percent, with Serneke and Balder as continuing co-owners of 26 percent. The purchase price amounts to approximately SEK 1 billion and also includes a unilateral option to buy back the building rights in the four part-owned blocks no later than September 2027. The deal is expected to have a neutral profit effect for Doxa.
SBB is atop the list of the most shorted Nordic real estate shares.

The most shorted Nordic real estate shares

Nordic — Nordic Property News presents a list of what the short-selling situation looks like in the property sector as a whole at the beginning of 2024.
Illustration of NCC's new office plans in Stockholm.

NCC's new office plans in Stockholm

Sweden Sweden — 13,000 square meters of offices and a covering of the subway are on the cards when NCC's plans in Västberga in Stockholm begins to take shape. Nordic Property News reveals more about the project.
Mälarterrassen.

Contract for Mälarterrassen in Slussen finalised

Sweden Sweden — In mid-December 2023, the City Council adopted the contract for Mälarterrassen in its final decision-making body. This means that Atrium Ljungberg, together with the City of Stockholm, may now progress with the development of a meeting place by the water at Slussen.
Stefaan Gielens, CEO of Aedifica.

Aedefica acquires in Oulu and Rovaniemi

Finland Finland — Aedefica acquires two child day-care centers in Oulu and Rovaniemi for EUR 8.5 million.
Elias Georgiadis, CEO of Stenhus.

Stenhus has sold properties for SEK 207 million

Sweden Sweden — Stenhus has sold properties for 207 million in five different deals during Q4 2023.
Sofia Tholerus.

Savills hires senior valuer

Sweden Sweden — Savills Sweden has hired Sofia Tholerus as a senior valuer with immediate effect. She will officially launch Savills valuation business in Malmö.
Rema 1000 sells 64 properties in Denmark.

AKA AS, Reitan Eiendom AS and the Steensland family acquire 64 retail properties in Denmark

Denmark Denmark — REMA 1000 Denmark sells 64 retail properties to DK Retail Invest AS, which is owned by AKA AS, Reitan Eiendom AS and the Steensland family's investment company AS Straen. The agreement has a value of approximately NOK 2.8 billion (EUR 236 million), and is larger than any other real estate transaction carried out by private Norwegian investors in the past year. The buyers also have an option to purchase an additional number of properties beyond this.
These are the most equal Board of Directors in the Nordic property market.

The most equal Board of Directors among the listed Nordic companies

Nordic — The real estate industry is prominent as the industry with the most women in the management team of listed companies. At the same time, only six out of 48 companies have a female members in the Board of Director. Nordic Property News has taken a closer look at the listed large- and mid-cap companies to see how the composition of the Boards looks like.
The Nordstjernan building in Stockholm and CEO Peter Hofvenstam.

After the NCC divestments – this is what Nordstjernan's future investment strategy looks like

Sweden Sweden — Nordstjernan, owned by the Swedish investment giant Ax:son Johnson, continues to reduce its holdings in construction and real estate with the sale of six million shares, corresponding to 6.1 percent of the capital, in NCC to Obos at the end of 2023. The company's CEO Peter Hofvenstam tells Nordic Property News why they chose to reduce exposure to construction and real estate and where they see future investments.
NCC builds in Västerås.

NCC to build new retirement home in Västerås

Sweden Sweden — NCC has been commissioned by Hemsö to construct the new Stenkumla retirement home in Västerås.
Annica Ånäs, CEO of Atrium Ljungberg and Ulrika Hallengren, CEO of Wihlborgs.

The most equal management teams among the listed Nordic companies

Nordic — The real estate industry has long held the lead in terms of the largest proportion of women in the management group of listed companies. At the same time, only eight out of 46 companies have a female CEO. Nordic Property News has taken a closer look at the listed large- and mid-cap companies to see what the composition of the management teams looks like.
Thomas Sipos, CEO of Revelop.

Revelop's 2023: SEK 1 billion in acquisitions

Sweden Sweden — During a turbulent 2023 Revelop had a strong investment year taking advantage of the market dislocation. In 7 individual transactions, a total of 11 assets comprising 50,000 square meters were acquired during 2023, representing SEK 1 billion in asset value.
Trondheim Torg.

Skanska renovates and expands office building in Trondheim

Norway Norway — Skanska has signed a contract with DNB Livsforsikring AS through their subsidiary Trondheim Torg AS for the renovation and expansion of their existing commercial office building in Trondheim, Norway. The contract is worth NOK 673M which will be included in the Nordic order bookings for the first quarter of 2024.
Sverker Källgården.

Källgården's new reality after Cibus – brings life to an old company

Sweden Sweden — Sverker Källgården has now handed over the baton to Christian Fredrixon as the new CEO of Cibus. For his own part, work in the new company Källgården & Co is now on the menu. He tells Nordic Property News more about his own company, the ambitions for the future and his view of the real estate industry's conditions in 2024.
Verdion brings new opportunity to Swedish logistics hotspot.

Verdion establishes logistics facility in Jönköping

Sweden Sweden — Pan-European logistics specialist Verdion has completed construction of a new logistics asset in the Swedish market hotspot of Jönköping.
Robert Feldt.

Capman's ambitions for the new social real estate fund: "All Nordic countries are target locations"

Nordic — Capman launches a fund for social real estate and starts of with a quality acquisition in Helsinki. Robert Feldt, Fund Director for Capman Social Real Estate, tells Nordic Property News about the inaugural acquisition, where they are looking for new acquisitions and shares his view of the competition within the social real estate segment in the Nordics.
Erik Selin, CEO of Balder.

Erik Selin acquires properties from Oscar Properties

Sweden Sweden — Oscar Properties has entered into an agreement to sell the underlying property portfolio in a number of wholly-owned subsidiaries to Erik Selin Fastigheter for a purchase price of approximately SEK 2.2 billion with access as soon as possible. The acquisition is only conditional on the buyer receiving financing by January 18, 2024 at the latest, Oscar Properties writes in a press release.