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Niam Ready to Grow in Oslo: "We Will Look for More Investment Opportunities"

Norway Norway — Niam expands in Oslo through a new acquisition. Morten Roland, Country Manager for Niam Norway, tells Nordic Property News about Niam’s position in Oslo, which Oslo areas he considers interesting to grow in and about possible investments in other Norwegian cities.

Balder's New CEO in Finland Wants to Lay the Foundations for Further Growth

Finland Finland — Balder wants to streamline the management of its holdings in Finland. Juha Lehtonen, who already manages Balder's properties in Finland through the company Bridge Properties, is appointed as the CEO of Balder Finland. Here, the new CEO gets to give his view on how the new organization should be designed.

Sofia Folstad Appointed New Head of Transactions at Storsala

Sweden Sweden — Storsala continues its growth journey and completes a new key recruitment as Sofia Folstad joins the company as Partner and Head of Transactions. She tells Nordic Property News about the new role, the journey Storsala is facing and what opportunities she sees in the market.

The Norwegian Oil Fund Passes NOK 15,000 Billion – This Is its Property Ownership

Nordic — Last week, the Norwegian oil fund passed a value of over NOK 15,000 billion, corresponding to approximately SEK 14,500 billion. Due to this, Nordic Property News has made an updated survey of the fund's holdings in Nordic listed property companies. Read about what the ownership looks like now.

Pre-purchased Homes Can Become a Problem for Housing Developers

Nordic — The housing developers suffer greatly from the pending purchase willingness of households when it comes to new construction housing. It is difficult to raise the level of pre-purchased homes, although most people believe that there are still few unsold apartments at completion. But for those who signed up for pre-sale, the situation now looks radically different, where there are now reports that the buyers are trying to pull out of sale. Nordic Property News has taken a closer look at how big the exposure is for the companies with their homes that are under production.

The Top Analysts' Q1 Judgement: "Credit Rating Is Top of Mind"

Sweden Sweden — The first reporting period of the year is over and Nordic Property News enlists the help of CBRE's Daniel Holmkvist and Colliers' Mikael Söderlundh to sift through the flood of reports. Read about the duo's insights, analyzes and future predictions regarding the companies and the industry in general.

"SBB's Challenges Not Representative of the Entire Sector"

Sweden Sweden — Despite the fact that it has been difficult in recent months, fund manager Peter Norhammar believes that the real estate sector will give a positive return in 2023. For Nordic Property News he gives, among other things, his view on SBB's vulnerable position after the rating downgrade, why the problems are piling up for the company and how the rest of the companies are holding up when the turbulence spills over into the entire sector.

Amaron's New Venture: the Targets for the New Fund

Sweden Sweden — After the big sale of Norama Real Estate Fund Sicav-SIF, the AIF fund manager is now back and is building up the next big fund: Amaron Real Estate Fund, which should reach SEK 4–6 billion within three years. Stefan Wilhelmson, CEO, and Martin Mildner, portfolio manager, for Amaron Fund Management, tell Nordic Property News about the new major investment, where to look for new acquisitions, what type of properties you are interested in buying and give their view of the investment market right now.

They Have the Highest Occupancy Rates in the Nordics

Nordic — Nordic Property News lists the occupancy rates among the listed Nordic real estate companies in Q1.

They Invested the Most in Their Portfolio During Q1

Nordic — With both buying and selling at a slow pace, many companies burrow down and look over their houses. Literally. Nordic Property News has the list of the companies that invested the most during the first quarter of the year.

AMF Fastigheter's Goals for its First Joint Venture

Sweden Sweden — The biggest acquisition of the year in Sweden is underway. This time it is the pension administrators AMF and Swedish pension giant AP7 who join forces in a joint deal for one of the country's most attractive locations, with a price tag of 7.4 billion SEK. "For us, it was important to continue to be the majority owner," says AMF Fastigheter's CEO Tomas Erséus to Nordic Property News.

Nordic Top Sellers in Q1

Nordic — Nordic Property News presents a list of the top sellers among the listed Nordic real estate companies in Q1 2023.

Swedish Pension Giant AP7 to Make Acquisitions for EUR 6.3–7.4 billion

Sweden Sweden — Swedish pension giant AP7 has stepped into the property industry through a major deal with AMF. After acquiring 33 percent, equivalent to SEK 7.4 billion (approximately EUR 674M), of a JV company that owns the Urban Escape block, Per Olofsson, acting Head of Asset Management at AP7, tells Nordic Property News about the big investment, the company wants to invest going forward, what type of partners AP7 sees itself working with, what kind of properties are of interest and about expanding abroad.

The Nordic Top Buyers of Q1

Nordic — The fingers holding the wallets whitened noticeably at the knuckles during the first quarter of 2023, a partial year that can be described as continued waiting with great caution in both buying and selling. But there were some acquisitions and disposals, and Nordic Property News has the list of the top buyers during the period.

Entra Discussing Divestment Target after Credit Downgrade

Norway Norway — Yesterday Entra's credit rating was lowered by Moody's by one step from Baa1 to Baa2. The new rating also has a negative outlook, similar to the previous one. Entra's CFO Anders Olstad tells Nordic Property News that the downgrade has resulted in the company discussing its divestment target.

Pictet: Here Are the Best Opportunities in the Nordics

Nordic — Pictet sharpens its team in the Nordic markets through the recruitment of Linus Nilsson. The new Head of Nordics tells Nordic Property News what attracted him to Pictet, how he views the company's position in the Nordics and where he sees the best growth opportunities in the Nordic markets.

April 2023: The Nordic Top Transactions

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

Partner Leaves NREP

Finland Finland — Bids farewell to the company after 16 years.

Erik Selin: "Buying Entra Is too Dangerous Right Now"

Nordic — Balder has no plans to change its ownership in Entra, and CEO Erik Selin sees it as too dangerous to buy up the entire company, although he believes that the company's stock is "extremely cheap" right now. Here he also tells how he sees the future of the company's rating from S&P, which in 2022 wrote down the outlook for the company's BBB rating to negative.

Austrian Investor Strengthens Presence in the Nordics

Nordic — Creates a residential project in attractive metropolitan area.

Share Price Cut in Half – Here Is How Neobo Will Convince the Market Now

Sweden Sweden — SBB's housing spin-off Neobo has seen its share price halved since the listing on February 10, from SEK 16 down to around SEK 8. On Wednesday, the company submitted its first quarterly report since the separation from SBB and Nordic Property News got an interview with the company's CEO Ylva Sarby Westman. Among other things, she talks about the upcoming measures to strengthen the company, the views on the transaction market and how to succeed in convincing the market of the company's strengths.

"The Worst Thing that Could Happen to Ilija Batljan"

Sweden Sweden — SBB's B-share had its worst day ever on the stock exchange and dropped more than 24 percent on Tuesday, a further deterioration after Monday's loss of just over 20 percent. The collapse in SBB also dragged the entire real estate sector with it, which fell by more than 4.5 percent. Aktiesparna's general counsel Sverre Linton tells Nordic Property News that SBB is an incredibly pressured company that now needs to find convincing solutions to resolve its refinancing. He also gives his view on Ilija Batljan's future in the company.

David Mindus: "With Great Risk Comes Great Opportunity"

Sweden Sweden — Sagax goes against the grain and reports an increased management result of 20 percent in the first quarter, compared to Q1 2022. CEO David Mindus tells Nordic Property News how he sees the transaction market in the company's segment: "Many want to see the market more stabilized before making large investments."

Out with the Old and the New in Entra's latest Major Divestment

Norway Norway — Entra has sold two properties in Oslo for almost NOK 1.5 billion. The buyer is NREP and the disposals were made at approximately one percent below book value according to Entra. For Nordic Property News, Entra's CFO Anders Olstad talks more about the background to the deal, why the property were sold below book value and what the ambition for their assets looks like going forward.

SBB Slaughtered on the Stock Market after Downgrade

Sweden Sweden — SBB's B share fell almost 20 percent on Monday, the second worst day for the stock ever, and the D share fell even more by over 26 percent during a blood-red day on the stock market for Ilija Batljan's real estate company. The sharp decline came after credit rating agency S&P downgraded SBB's credit rating to BB+, or "junk status", with a negative outlook. Read SBB's comment on the downgrade and parts of S&P's negative analysis.