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Hangover on the Stock Exchange after Q4 Reports

Nordic — The listed Nordic real estate companies are falling steadily in a sour stock market and last week there were almost exclusively red numbers in the sector. Nordic Property News has mapped how much the companies on the biggest lists have lost since they released their financial statements in February, and for most of them the numbers are grim.

The Global Office Market Is in a New Environment

Nordic — Paris is outdoing London. In San Francisco staff is reluctant to return. And in Shanghai the post covid era have seen a growth in office transaction. At Nordic Property News event Office Market Day, Tom Leahy, Head of EMEA Real Estate Research at MSCI shared his analysis for the trends in global office markets and transactions.

They Were the Nordic Top Buyers in 2022

Nordic — Nordic Property News presents how much the listed Nordic real estate companies have acquired during 2022.

The Companies with the Highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in 2022.

Ambitious Visions for Panattoni's New Danish CEO

Denmark Denmark — With Panattoni expanding their operations to Denmark they have also hired a new CEO to lead the charge and growth within the logistics segment in the country. Jacob Widahl is a man with great ambitions for the company's future in Denmark, here he tells Nordic Property News more about the steps they need to take to become a powerhouse in the logistics sector.

The French Property Investor Aims for Nordic Expansion

Nordic — Philippe Cervesi, Real Estate Director and Partner at Corum, that is present in Finland and Norway: “We hope to soon enter Denmark and Sweden.”

They Have the Highest ICR Levels in the Nordics

Nordic — Nordic Property News presents a list over the Nordic listed companies with the highest Interest Coverage Ratios in 2022.

Reasons Behind Niam’s Major Office Investment in Helsinki

Finland Finland — Niam’s Country Manager Antti Muilu on acquiring Finland’s tallest office tower: “We see that the office demand is improving, but…”

The Companies with the Highest and Lowest Vacancy Rates in 2022

Nordic — Nordic Property News presents a list of 2022's vacancy rates among the listed Nordic real estate companies.

The Norwegian Oil Fund Has Divested Almost Everything in SBB

Sweden Sweden — Nordic Property News has mapped the Norwegian oil fund's holdings in Swedish listed real estate companies during 2022, and one find is that the fund sold almost its entire holding in SBB last year, a holding that was worth NOK 1.6 billion when 2022 started. Here you can read about how the ownership has changed in other property companies compared to 2021 and see which new companies the fund has holdings in as of 2022.

February 2023: The Nordic Top Transactions

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

The Nordic Preference Shares with the Highest Dividend Yields

Nordic — Nordic Property News has listed the Nordic real estate companies’ preferred stocks. Which stock provides the highest yield and which stock has had the best development during 2023?

The Costs of Castellum's Management Changes

Sweden Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.

Share Price Drop for Balder After Rating Blow: "Creates an Uncertainty"

Sweden Sweden — On Wednesday, Balder received a lowered credit rating from the rating institute Moody's, to Ba1 from previously Baa3, while the outlook for the rating is considered stable. The announcement caused Balder to fall five percent on the stock market and took many other real estate companies with it in the decline. Handelsbanken's analyst Johan Edberg tells Nordic Property News that the rating announcement was expected but that it has a signal value and can create long-term uncertainty around Balder. Balder on the other hand believe that Moody's report contains "factual deficiencies".

Jeudan Stands Strong in Challenging Times: “A Net Buyer in Copenhagen”

Denmark Denmark — Per W. Hallgren, CEO of Jeudan, on the 2022 results, the upcoming challenges on the market, and future investment targets.

February Struggle for Nordic Real Estate Stocks

Nordic — After a strong January, there was a rebound in the negative direction in February for the listed part of the nordic real estate sector, only eight companies saw their share price improve during the month. Here, Nordic Property News presents a list of how the companies performed on the stock exchange during the second month of the year.

Mörndal Sees Brighter Times for M2

Sweden Sweden — "The main drop in value has already been taken and we will be stronger in a year's time," M2's CEO Jakob Mörndal tells Nordic Property News.

Updated list: Largest Shareholders in the Nordic Companies

Nordic — Corem recently sold its entire holding in Castellum, and Nordic Property News has therefore taken a closer look at who the biggest shareholders are in the listed industry giants. Here is the full list.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.

Survey: Four Out of Ten in the Industry Have Witnessed Bribery

Nordic — Disrespectful behavior, nepotism and passive leadership. In a survey conducted by Nordic Business Ethics, it can be deduced, among other things, that four out of ten in the construction and real estate industry in the Nordics have witnessed bribery.

Henrik Saxborn: "I Won't Stop Until Putin Stops"

Sweden Sweden — The former Castellum CEO tells Nordic Property News about his deep commitment to Ukrainian refugees, a work that has now been going on for almost a year. He talks about testimonies, lessons and the challenges that arise for the Ukrainians who are now in Sweden. Last week he also participated in a large fundraiser together with Bygg-Göta to raise money for more bulletproof ambulances to be sent to Ukraine.

"The War Accelerated the Problems in the Real Estate Market"

Nordic — Today, February 24th, marks one year since Russia launched its full-scale invasion of Ukraine, a war that is still ongoing. From the perspective of the real estate market, the war has had an insignificant impact compared to the colossal suffering experienced by millions of people in Ukraine, although some aspects were accelerated by the outbreak of the war. Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield, tells Nordic Property News more about this.

After the Major Clean-up in 2022 – These Are Batljan's Aims in 2023

Sweden Sweden — 2022 was a major clean-up year for SBB – everything was done to achieve a better balance sheet and reduce debt. That job does not end at the beginning of 2023, but Ilija Batljan also approaches the year with the hope of a thawed bond market and a continued collaboration with the Canadian investor Brookfield, which will stimulate growth for both players in Europe in the coming years.

Corem Continues to Sell: "Divestments Can Create Great Opportunities"

Sweden Sweden — On Tuesday, CEO Eva Landén set the course for 2023, which means that Corem will continue to be a net seller. The assessment is that, despite the lack of transactions that lowered the property value by four percent in the company, there are good deals to be made during the year. For Corem, the cash flow must be replenished and the interest coverage ratio increased as the management result fell by over ten percent compared to the previous year.

“The Entire Nordic Region Is Interesting to Us”

Nordic — Storebrand continues its Nordic expansion and recruits three new key members to the team. Truls Nergaard, Head of Real Estate at Storebrand, tells Nordic Property News about the state of the team, new opportunities in the Nordics and what sectors Storebrand are targeting for investments.