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European commercial real estate showed negative returns in Q1

Nordic — MSCI’s Europe Quarterly Property Index shows that commercial real estate investments generated negative total returns of -1.1 percent in the first quarter this year compared with the preceding three months. That created a negative total return of -7.4 percent in the last year.

After the Bonava deal – here is what Union Residential Development wants to invest in next

Norway Norway — Union Residential Development takes a big step by acquiring Bonava’s Norwegian portfolio and operations. Baard Schumann, Partner and CEO of Union Residential Development, tells Nordic Property News about the acquisition, what new investments they are looking for and when they hope to have the next deal done.

They increase their rental income the most in Q1 2023

Nordic — Nordic Property News has taken a closer look at the listed property companies' rental income in Q1 2023 to find out which companies increased their income the most compared to Q1 2022. Here is the full list.

How Bonava wants to invest the capital from the Norwegian divestment

Nordic — Bonava sells its operations in Norway to Union Residential Development and with it leaves the Norwegian market completely. CEO Peter Wallin tells Nordic Property News how they arrived at the decision, how they will use the capital that is freed up and how Bonava views its other markets.

The segment where Niam's sees the best opportunities on the Danish market

Denmark Denmark — Niam makes a change in its Danish leadership as Jacob de Lichtenberg becomes new Country Manager while Michael Berthelsen transitions into a new role as Senior Director. Jacob de Lichtenberg tells Nordic Property News about his new role and where Niam sees opportunities on the Danish market going forward.

Politicians in Gothenburg want the city to acquire the Russian Consulate property

Sweden Sweden — According to the Tass news agency, Russia has announced that the Russian consulate in Gothenburg will be closed from September 1. Now the political parties D, M and KD, who are part of the opposition, want the city management office to be tasked with investigating the possibilities of acquiring the land and property where the Russian consulate is housed today. Axel Josefson, opposition councilor and the municipal board's 2nd vice chairman, tells Nordic Property News more about the proposal and what ambitions they have for the property if the acquisition can be carried out.

Listed Swedish companies massive sales: 2.9 billion euros

Sweden Sweden — Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.

May 2023: The Nordic top transactions

Nordic — Nordic Property News lists the largest transactions in the Nordics during May, 2023.

The construction giant's next office project – 9,000 square meters on vacant land

Sweden Sweden — A major expansion of the vacant area at Hornsberg's old bus depot is underway. Selvaag Bolig is proposed to receive a land reference for the construction of housing and NCC for the construction of 9,000 square meters of offices, both land references where awarded in great competition.

Conficap is ready for the next generation to take over

Finland Finland — The CEO chair at Conficap gets passed down to the next generations as Erik Toivanen succeeds Maarit Toivanen in the fall. The duo tells Nordic Property News about the change, their new roles and about what is next for Conficap.

Citycon to receive major land assignment

Sweden Sweden — The project is being re-directed from the original idea of a school to nearly 500 homes with mixed forms of tenure. Nordic Property News reveals more about Citycon's plans in one of Stockholm's biggest focus areas.

Ola Serneke after the takeover: "There has been plenty of questions about Doxa"

Sweden Sweden — This Monday, the bid was completed which has now meant that Doxa has taken over more than 90 percent of Serneke Group. Ola Serneke, founder and previous CEO, says to Nordic Property News that it will be fun to enter a new and larger context.

Yield expectancy for Sweden’s major cities

Sweden Sweden — This is the expected development of yields in Stockholm, Gothenburg and Malmö, according to SEPREF’s consensus forecast.

Roger Akelius: "Leiv is needed at SBB"

Sweden Sweden — For Nordic Property News, Akelius founder Roger Akelius comments on Friday's big bombshell in the real estate industry – that Ilija Batljan is resigning as CEO of SBB and will be replaced by Akelius CFO and Vice President Leiv Synnes.

The companies with the lowest ICRs in the Nordics

Nordic — Nordic Property News presents a list over the Nordic listed companies with the lowest Interest Coverage Ratios for Q1 2023.

Colliers' expert: Danish companies are waiting for Swedish sales

Denmark Denmark — In Denmark the money is waiting to be spent on real estate, and many local investors on the market are hoping that the Swedish companies that own real estate in Denmark will start selling. Colliers Denmark's partner Peter Winther spoke of this during the advisor's latest Nordic Outlook, which was presented earlier this week. Nordic Property News gives you the picture of the Danish real estate market at the moment and the moves going forward.

SBB slaughtered on the stock market in May

Nordic — May was a gloomy and pitch-black month for the listed nordic real estate companies, where crisis-hit SBB fell wildly and lost 70 percent in value. Nordic Property News presents a list of the companies' losses on the stock exchange during the fifth month of the year.

Partner leaves Slättö

Nordic — Partner leaves management position and bids farewell to Slättö after just under four years.

The Highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in Q1 2023.

Areim Looks to Drive Green Transition within Datacenters

Nordic — Areim invests in data centers and closes a new fund with SEK 5 billion (approximately EUR 456M) in capital. Therese Norling, Fund Manager at Areim, tells Nordic Property News about the investment, the goals for Eco Data Centers, green transition and about investing in the segment during the current energy situation.

Colliers: The Office Compass Is in a Spin

Sweden Sweden — On Friday, Colliers released its latest office report and by all accounts, the pandemic continues to leave its mark. But when Karin Witalis, Associate Director, EMEA Research at Colliers, sums up the office market in Stockholm, it reads "everyone wants everything". Nordic Property News called her up to find out what that means.

Castellum Wants to Postpone Access in Major Office Project

Sweden Sweden — The company cites the current market situation and difficulties in paying the purchase price as reasons for wanting to postpone their access to one of the two properties that make up the SEK 1.7 billion investment Infinity in Hagastaden. Nordic Property News has more details about the matter.

Former Castellum Head Returns to Nordic Giant

Nordic — Returns to an old acquaintance after more than 20 years to focus on the trade segment. Nordic Property News tells more.

Turbulence and Uncertainty in the Market Opens Opportunities for Slättö

Nordic — Slättö continues its journey with Lærernes Pension as a new anchor investor. After the Danish pension fund's investment in the company, Deputy Managing Partner Jonas Andersson talks about the importance of having the new investor in place, how you want to continue growing, which segments you see as particularly interesting and where in the Nordics you see the best business opportunities.

Well Known Trio Starts New Real Estate Company: "Like Hemfosa"

Sweden Sweden — The former SBB duo Lars Thagesson and Oscar Lekander have together with Hemfosa acquaintance Bengt Kjell started a new property company called Treholex. Lars Thagesson tells Nordic Property News about the investment, ambitions, acquisitions that have already been made and that the company will have to change its name: "Of course we can't have that name"