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Wihlborgs: "No reason for us to go wild"

Nordic — Wihlborgs leaves behind a relatively positive quarter and has already had a good start to the next one. With that behind her, CEO Ulrika Hallengren feels safer for the future, there will be no drama. But the focus going forward is still to develop the own properties and projects. Growth through acquisition is not the main option, she says when presenting the second quarter report for 2024.

Hans Wallenstam: "The worst is behind us now"

Sweden Sweden — All the key figures in Wallenstam's Q2 point in the right direction according to Hans Wallenstam, who sees a turning point for the industry and the market as a whole. The Wallenstam CEO sees progressively better times ahead, where he hopes that the company will be able to start even more projects and be able to build more homes for the roughly 235,000 people who are in Wallenstam's housing queue.

Dahlbo: "Time to prove ourselves after such a disappointing first half of the year"

Sweden Sweden — Fabege continues to report negative net rental in Q2 as well, and in total during the first half of the year the key figure lands at SEK -74 million, far short of the company's annual target of SEK 80 million. Fabege's CEO now believes that it will be difficult to reach that goal, and despite frustration over protracted discussions in the market, he is confident that the net rental will sort itself out during the second half of the year. Here he also comments on the negative impact on Arenabolaget and what effect the upcoming name change and Petter Stordalen may have its future.

The Nordic top recruitments and appointments in Q2

Nordic — A number of CEO positions and other key-roles within the companies on the Nordic real estate market got filled during the second quarter of 2024. Nordic Property News takes a closer look at the hottest Nordic recruitments in Q2.

June strongest transaction month since december 2022

Nordic — June saw the highest volume on the Nordic transaction market since December 2022, according to the latest figures from transaction advisor Colliers. At the same time, the first half of the year has been significantly stronger than the corresponding period in 2023, with a transaction volume of 12.4 billion euros, an increase of 23 percent. Nordic Property News provides more details about the Nordic market's first half of the year.

The trends that could put upward pressure on logistics rents

Nordic — Savills IM has made a new divestment from the Nordic Logistics Club Deal Fund. After the sale to Swiss Life AM, Lisen Heijbel, Head of Investment, Nordics at Savills IM, tells Nordic Property News about the state of the transaction market for logistics, where Savills IM wants to make new acquisitions and how she sees the Nordic logistics markets developing in the future.

Oscar Properties appeals reconstruction ruling to the Supreme Court

Sweden Sweden — On May 20, Oscar Properties appealed the district court's decision to deny the company reconstruction, and now the Svea Court of Appeal has made its assessment on the matter – the decision is to reject the company's appeal, as can be seen from a document from the Court of Appeal that Nordic Property News has seen. Oscar Properties confirm that they are appealing the decision to the Supreme Court.

Sofia Ljungdahl: "We have to build more flexibly"

Nordic — How has the Sweden venture gone for Norwegian Obos so far? Is the team in place and the direction set? Nordic Property News has met Sofia Ljungdahl, CEO of Obo's Nya Hem, and talked about everything from building right portfolios to football.

Trianon makes large residential acquisition: "Population growth and very good communications to Malmö"

Sweden Sweden — Trianon continues to do great business. After last week selling its share in Rosengård centrum, it is now buying a large housing stock in southern Skåne. CEO Olof Andersson tells Nordic Property News about the deals with Stjernplan and Hemmaplan, how they want to develop their housing portfolio and about the goals to reach during the second half of 2024.

After the Blackstone divestment – here are Nrep's plans for the Finnish logistics segment

Finland Finland — Nrep announced a major divestment and sold a logistics portfolio in Finland to funds managed by Blackstone for EUR 135 million. Joonas Lemström, Head of Finland at Nrep, tells Nordic Property News about the plans for the logistics segments following the divestment, which locations they consider attractive for new investment and how they see the segment developing going forward.

Major vacancies in Oscar Properties' portfolio

Sweden Sweden — Oscar Properties' vulnerable situation becomes even more apparent after the much-delayed Q1 report was released late on Friday evening last week. In addition to the fact that the company is in a very critical financial situation for its continued operations, since the end of the last financial year the company's accounting principles have been changed to no longer assume continued operations but a liquidation of the operations. And a look at the extensive vacancies in the portfolio shows that the company is missing out on many millions in rental income. CEO Richard Bagge comments on the situation for Nordic Property News.

Strategy change for Riksbyggen: "We will now build up a larger property portfolio again"

Sweden Sweden — With the Unobo deal in the books, Riksbyggen takes aim toward increasing its property portfolio. CEO Johanna Frelin tells Nordic Property News about the change in strategy, entering new urban development projects and how she sees the housing construction market developing in Sweden.

Winners and losers on the stock market in June

Nordic — June was an in-between month for the Nordic real estate companies on the stock exchange, without any major rises or falls for most of the companies. Nordic Property News presents the winners and losers on the stock exchange during the sixth month of the year.

After dissolving the JV – this is how Hemmaplan wants to grow

Sweden Sweden — After a transaction last week the Swedish real estate company, Hemmaplan, now has the keys to two commercial district centers in what are usually referred to as socially vulnerable areas in Sweden. CEO Cecilia Safaee has a clear plan on how the company want to grow.

"I really think we can build something unique"

Denmark Denmark — Thylander gets a new CEO as Bjarke Mikkelsen takes the helm while Lars Thylander assumes the role of Chairman of the Board. Bjarke Mikkelsen tells Nordic Property News about his return to the Denmark and the first step into an environment where real estate will be his main business, the state of Thylander and the company’s most important tasks going forward.

The first acquisition in two years – more to come according to the NP3 CEO

Sweden Sweden — On Wednesday, NP3 Fastigheter was able to announce that they completed six transactions and thereby acquired six properties with a property value of SEK 181 million (approximately EUR 16.5 million), primarily for industrial purposes. A small sum, but also a start to get back to the transaction market after a two-year hiatus for the acquisition-hungry company that NP3 is, says CEO Andreas Wahlén.

The segments that attract foreign investors to the Norwegian market

Norway Norway — The Norwegian market has been picking up speed in the start of 2024. Frida Tosterud Grov, recently promoted to Head of Capital Markets Norway at Colliers, tells Nordic Property News how she sees the market situation in Norway developing, about the foreign interest in Norwegian real estate and which segments will be leading on the transaction market in Norway in the future.

"I believe in continued JV structures rather than a bid for the entire company"

Sweden Sweden — Yesterday was dividend day in SBB and tomorrow the company has its annual general meeting where, among others, Lennart Sten is expected to be elected as the new chairman of the board. Nordic Property News discusses the situation for the pressured company with Arctic Securities analyst Michael Johansson.

Status of some of the industry's most stressed companies

Sweden Sweden — SBB is being pressured on the stock market, bankruptcy threatened Oscar Properties is getting ready to release its delayed annual report and Kvalitena is continuing with the reconstruction of the company. Nordic Property News goes thru the current situation regarding some of the industry's most pressured players.

New milestone for Skanska's Investment Property company: "A flagship property"

Sweden Sweden — Skanska takes a big step in the work of building up its own management portfolio, by selling the Citygate office property in Gothenburg to its own Investment Property branch. Ida Granqvist, Investment Properties Manager at Skanska Fastigheter, tells Nordic Property News about why Citygate is a good fit for the company, about the importance of having also established itself on the Gothenburg market, about the next step for the Investment Properties business and how the first period since she assumed her new position has been.

He takes charge of new Brunswick-led real estate venture

Sweden Sweden — Poyan Katebi leaves the role as CEO of Samfastigheter to instead become CEO of the newly started company SINDI backed by heavy players such as Brunswick and SEB. The new company is focused on social sustainability in the real estate industry and for Nordic Property News Poyan Katebi talks more about the new investment and ambitions.

How Slättö aims to grow on the Finnish market

Finland Finland — Slättö grows its Finnish portfolio through two separate transactions. Ilkka Salminen, Head of Finland at Slättö, tells Nordic Property News about growth ambitions for the Finnish market, what segments and locations they consider attractive for new investments and how he sees the Finnish real estate markets developing going forward.

They invested most in their own portfolio

Nordic — They invested the most money in their own existing portfolios in Q1.

Swedish region booming after Volvo decision

Sweden Sweden — Skaraborg is facing a major change and the population will increase dramatically if the municipalities themselves are to be believed. One of the municipalities, Mariestad, is investing heavily in the establishments that await. 11,000 homes are needed – largely due to decision from Volvo.

Performance matters over AUM Growth as experienced real estate trio launch new partnership

Nordic — Paul Hampton, Charles-Nicolas Tarrière and Kevin Muscat have regrouped to launch Evonite, after previously working together at Rockspring Property Investment Managers and Patrizia.