Sweden — As a direct consequence of the devastating fire in the aquatic park Oceana, a capital shortage has arisen in one of Liseberg's subsidiaries, and while waiting for the payment of the insurance compensation, an "accounting technical solution" is now required, which must be handled urgently. At the same time, the ongoing investigation shows that the damage to Oceana is less than first feared. Nordic Property News reveals more on the matter.

Nordic — CBRE IM continues to build its housing portfolio. After a new acquisition in Copenhagen, Jenny Tuleby, Head of Transactions and Investment Operations at CBRE Investment Management Nordics, tells Nordic Property News what they look for in new housing investments, which locations they want to grow in and how they want to grow in other segments.

Nordic — It has been almost two years since Alma Property Partners, Mässing Properties, CT Development and P&E Fastighetspartner joined forces to create Prisma. Even then, there were high ambitions to grow into the largest player in the low-price retail, grocery retail and fast food hubs segment. CEO Fredrik Mässing talks about the past year and how they will continue the growth.

Nordic — The Nordic listed real estate companies continued their sluggish start to the stock market year 2024 with mostly declines during February. Here, Nordic Property News summarizes how the companies performed during the second month of the year.

Sweden — With some negative writings and reports about the office situation in Gothenburg, the question is how the city's property owners see the investment situation going forward. Here, Vasakronan's regional manager Kristina Pettersson Post and Wallenstam's vice president Marina Fritsche talk about, among other things, what their strategies for carrying out business look like and what their company does with leftover surfaces.

Nordic — Heimstaden Bostad believes that a stabilized market and a somewhat positive development in the transaction market will lead to tailwinds for the company. At the same time, two countries are behind the large decline of EUR 2.57 billion in the company's property value.

Sweden — SBB had a challenging 2023 where it made a loss of approximately SEK 22 billion, primarily driven by changes in the value of properties that amounted to a little more than SEK 13 billion. But for 2024, CEO Leiv Synnes breathes more optimism and he believes that the worst is behind the company. However, what will happen with the payment of the suspended dividend for 2022 of two billion kroner remains to be seen, as it is a question that still hangs in the balance.

Nordic — After ten years on the market and a past as an acquisition-driven company before property values began to fall, Stendörren has now started to look towards buying in metropolitan areas. “What we are looking at going forward are urban locations in Stockholm, Oslo, Copenhagen, Helsinki and the Gothenburg region”, says CEO Erik Ranje.

Sweden — JLL's Head of Research Niclas Höglund, who will be leaving the company soon, sees several factors that speak for a positive year for property companies on the stock exchange and expects both more new issues, bonds and that there may be more property companies on the stock exchange at the end of the year than there are today. During JLL's latest Nordic Outlook, he revealed more about why and what will drive development on the real estate market in 2024.

Sweden — A new Swedish hotel chain has been established through a joint venture between Slättö and Strawberry. Erik Möller, Head of Hotels at Slättö, and Daniel Stenbäck, Chief Development Officer at Strawberry, tell Nordic Property News about the investment, what gap in the market they see themselves filling, which properties are part of the expansion and what the ownership picture will look like.

Nordic — During 2023 the ball bounced more awkwardly than kindly for transaction advisor JLL on the transaction market, but the firm still managed to land over a dozen deals in a range of different segments. The transaction duo Daniel Anderbring and Pegah Abedini testify to a clear improvement in the market after the turn of the year and here they highlight the hot and slightly cooler segments in terms of probable transaction activity going forward.

Nordic — Two giants increased their holdings in SLP substantially in the fourth quarter.

Nordic — Recently it became clear that the hotel giant IHG Hotel & Resorts together with Revelop as property owner will open the doors to their first hotel in Sweden. Miguel Martins, Head of Development, Northern Europe at IHG Hotels & Resorts, explain more about their upcoming plans.

Denmark — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Last out are the participants from Denmark.

Finland — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Today the participants from Finland are presented.

Nordic — During the fourth quarter of 2023, Corem continued on the same track they had during the whole year with sales of properties at a rate that can hardly be compared with any other company on the Swedish market. CEO Rutger Arnhult describes one of these deals as the worst in his entire life. At the same time, he predicts that sales will continue in the billions range.

Norway — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. Today the turn has come to the participants from Norway.

Sweden — Oscar Properties' outgoing CEO Carl Janglin tells Nordic Property News why he is leaving the company, what the pressure has been like in recent months and why his short time at the company did not turn out as he had imagined.

Sweden — The real estate profile tells Nordic Property News about the rapid development of events behind the decision not to implement the major deal in Swedish education company Academedia, the view on possible real estate investments and the emerging attractiveness of the real estate market.

Sweden — Mipim starts in three weeks and Nordic Property News has taken a closer look at which Nordic companies sends the most participants to the real estate fair. First are the participants from 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.

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.

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.

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.

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.