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Bergen.

Entra renews lease with tax authority

Norway Norway — The Norwegian real estate company Entra has renewed the lease with the Norwegian tax authority.
TOP 4 Nordic
David Mindus, CEO of Sagax.
Nordic Nordic —
Sagax acquires seven properties
Nordic Nordic —
Areim exec exits the company
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
Diamanten (the Diamond).

NCC to build Diamanten in Bjurholm Municipality

Sweden Sweden — In collaboration with Bjurholm Municipality, NCC is to construct Diamanten, a new building that will combine operations including a retirement home and preschool in Bjurholm.
Mattias Kaneteg is the largest owner of Quartiers Properties, the company that increased the most on the stock exchange of all Nordic real estate companies in 2023.

Quartiers' major owner on the journey from the pandemic bottom to best performing stock

Sweden Sweden — Of all listed Nordic real estate companies, it was Quartiers Properties that did by far the best on the stock market in 2023 with a price increase of almost 110 percent. In an exclusive interview with Nordic Property News, the company's largest owner, internet entrepreneur Mattias Kaneteg, talks about why he started investing in the company during the bottom of the pandemic, how the company has succeeded in retaliating on the market and how his sights are set for future investments.
Joachim Hallengren was previously the CEO of Bonava.

Former Bonava CEO new head of Svevia

Sweden Sweden — Joachim Hallengren has been appointed president and CEO of Svevia AB after having been appointed since June 28, 2023. He took up his new position on January 1, 2024.
Leiv Synnes, Matilda Vinje, Rutger Arnhult, Johanna Hult Rentsch and Joacim Sjöberg.

Nordic top recruitments in 2023

Nordic — Nordic Property News presents a list of the top recruitments on the Nordic markets in 2023.
Ola Serneke and Prioritet Serneke Arena in Gothenburg.

Serneke sells non-strategic holdings – to Ola Serneke

Sweden Sweden — Serneke sells its holding in the sports complex Prioritet Serneke Arena in Gothenburg and the auto retailer 7H Bil AB in Kinna to a company owned by Ola Serneke. Sales are part of restructuring and refining Serneke.
Carl Janglin, CEO of Oscar Properties.

Condominium association files for bankruptcy for Oscar Properties

Sweden Sweden — The housing association Innovationen in Stockholm has applied for Oscar Properties to be declared bankrupt, according to a press release from the company.
Carola Lavén, CEO of Besqab.

Besqab sells in Stockholm

Sweden Sweden — Besqab has agreed on the sale of five smaller properties in Trollbäcken in Tyresö.
These are the winners and losers in the nordic stock market during 2023.

Winners and losers on the stock market in 2023

Nordic — A strong recovery in November and December saved the prices of a number of listed heavyweights in what was otherwise a turbulent year on the stock market for Nordic property shares. Nordic Property News summarizes how the companies on the largest lists performed in 2023, with a number of big sprint winners and some serious price drops at the bottom.
Roger Akelius.

Roger Akelius predicts declining real estate prices

Sweden Sweden — Roger Akelius says in an interview with Dagens industri that Akelius is ready to trade with cash of around SEK 40 billion (EUR 3.42 billion). He believes in a fall in property and real estate share prices in the first half of 2024.
This is how the listed nordic real estate companies performed on the stock market during December.

Strong December for Nordic listed real estate companies

Nordic — The real estate party on the stock market continued in December with strong performances from almost every listed Nordic company on the largest lists. Nordic Property News summarizes the companies performances during the last month of 2023.
ABG Fastena expands its grocery and discount retail portfolio.

ABG Fastena acquires a property in Södertälje

Sweden Sweden — ABG Fastena adds another property to its grocery and discount retail portfolio by acquiring a retail property in Greater Stockholm.
The property Olivin in Stockholm.

Skanska signs lease agreement for new head office

Sweden Sweden — Skanska has signed a twelve-year lease agreement for approximately 13,000 square meters of office space in the new, self-developed Olivin property on western Kungsholmen in Stockholm.
The largest owners in the listed Nordic real estate companies.

The largest owners in the listed Nordic real estate companies

Nordic — Nordic Property News has taken a closer look at who the largest owners in the listed Nordic real estate companies are.
Rutger Arnhult, CEO of Corem.

Rutger Arnhult increases holdings in Corem

Nordic — On December 29, 2023, Rutger Arnhult's M2 Asset Management, itself and via a wholly-owned subsidiary, acquired 8.1 million shares of series A and 70.6 million shares of series B in the property company and also the associated company Corem Property Group AB. After the transaction, M2 Asset Management AB and subsidiaries own 43.9 million shares of series A, 460.1 million shares of series B and 3.3 million shares of series D. This corresponds to 44.6 percent of outstanding capital and 45.6 percent of outstanding votes.
Benjamin Thorsen, CEO of Kinland.

Kinland acquires 18 social infrastructure properties across the Nordics

Nordic — Including previously concluded transactions, Kinland has acquired 51 properties in 2023, making it the best year for the company in terms of portfolio growth since it was acquired in 2019.

A Year in Review: 2023 in Nordic Real Estate

Nordic — The Nordic real estate industry continued to face tough times with interest rates putting pressure on most players. Nordic Property News takes a closer look at some of the significant events that shaped 2023 in Nordic real estate: from hiking interest rates and troubles at several key players to continued foreign interest for the Nordic markets and funds and institutions dominating the transaction markets.
Peter Forssell appointed EVP, Business Premises at YIT.

Peter Forssell appointed EVP, Business Premises at YIT

Finland Finland — YIT has appointed Peter Forssell (M.Sc.) as Executive Vice President, Business Premises segment and member of the Group Management Team starting 1 January 2024. He has been the interim leader of the Business Premises segment and member of the management team since 18 October 2023.
Catella advised ContiTech Finland Oy.

Catella advised ContiTech Finland Oy in the sale of a development property in Tampere

Finland Finland — Catella acted as the exclusive financial advisor to ContiTech Finland Oy, a subsidiary of the international Continental Group, in the sale of a 5.5 hectares development property in Myllypuro, Tampere to Aare Invest Oy and also in the leasing of its new building.
Rita Berg Hansen, Martin Kron, Christian Fredrixon and Daniel Gorosch.

Nordic top recruitments in Q4

Nordic — A number of key positions on the Nordic real estate market got filled during the final quarter of 2023. Nordic Property News takes a closer look at the hottest Nordic recruitments in Q4.
New student dormitories in Røverdalen, Gjøvik

Veidekke builds student dormitories in Gjøvik

Norway Norway — Gjøvik municipality and Sit have today entered into an agreement with Veidekke to build a parking garage for 180 cars with 245 student apartments in two blocks. The assignment in Røverdalen in Gjøvik is a total contract worth approximately NOK 320 million (EUR 27 million) excl. VAT.
Skanska's project in Prague.

Skanska invests in housing projects in Prague and renovates historic building in Nashville

Nordic — Skanska is investing approximately SEK 480 million in the second stage of the housing project Modransky cukrovar in Prague, Czech Republic. The current phase includes 126 apartments and six commercial premises. Skanska has also signed an agreement with the state of Tennessee for the renovation of the historic War Memorial Building in Nashville, Tennessee, USA. The contract is worth approximately SEK 860 million.
The new municipal building in Enköping.

Skanska divests the new municipal building in Enköping to Vacse

Sweden Sweden — Skanska divests Enköping's new municipal building, which is under construction, to Vacse for approximately SEK 250 million (EUR 21.4 million).
Mikael Söderlundh, head of research at Colliers.

Lowest volume in ten years – but the turnaround is close: "They have a record amount of capital"

Nordic — The transaction year of 2023 is almost over and it will go down in history as one of the weakest since the turn of the millennium. The total volume for the Nordic region of just under EUR 20 billion is the lowest in a decade and the decline compared to 2022 is the largest since 08/09 during the financial crisis. However, Colliers' head of research Mikael Söderlundh tells Nordic Property News that the turnaround is close and that 2023 was probably the bottom year in this business cycle. Read about his predictions for 2024, the capital that needs to be spent and why the mood in the market has turned in recent months.
JM makes two new acquisitions in Norway.

JM makes two new acquisitions in Norway

Norway Norway — JM has acquired building rights for the development of approximately 130 homes in Brundalen near the center of Trondheim and building rights for the development of approximately 75 homes in the center of Bergen.