ARTICLES TAGGED WITH "Balder"

Balder’s view on the Entra ownership going forward

Nordic — The future of Entra, jointly owned by Balder and Castellum, remains a hot topic. During the presentation of Balder’s Q3 report, CEO Erik Selin shared his view on the company’s ownership going forward.

Erik Selin: “Strong appetite”

Sweden Sweden — Transaction volumes in the Nordic region are beginning to increase, and the market is gradually opening up. Balder’s CEO, Erik Selin, shares his view on the state and development of the transaction market, the attitude of banks, and his thoughts on potential share buybacks.

These are Sweden's 50 largest residential projects

Sweden Sweden — Several large housing projects worth billions in SEK are planned around Sweden. Nordic Property News has listed the 50 largest housing projects, most of which are scheduled to start construction in the next three years.

Erik Selin steps down as CEO of Balder – Sharam Rahi takes over

Sweden Sweden — A new milestone will be reached for Balder at the 2026 Annual General Meeting, when Erik Selin hands over the position of CEO to Sharam Rahi and himself transitions into the role of Executive Chairman of the Board. The two key figures share their thoughts on the decision, their new roles, and the company’s future.

The two market Balder keeps an extra eye on

Nordic — After two decades of growth, Balder looks ahead with continued earnings improvements, stable cash flows, and increased activity in the transaction market. CEO Erik Selin foresees strengthened earning capacity and a strategy based on numerous smaller deals rather than large-scale acquisitions. Two markets, in particular, are of special interest.

Sato acquires 1,000 rental apartments

Finland Finland — Balder's subsidiary, the Finnish real estate company Sato, is expanding its property portfolio by almost 1,000 rental apartments. The agreement with OP-Rental Yield Fund covers 16 residential properties in Greater Helsinki, Turku, Tampere, Oulu and Jyväskylä.

Slow sales in Karlatornet – more could be turned into rental apartments

Sweden Sweden — Of the 611 apartments in Karlatornet, the tallest residential building in the Nordic region located in Gothenburg, Balder acquired approximately 140 from Doxa at the turn of the year. Only a few condominiums have since been sold and a large portion has now instead become rental apartments. Nordic Property News has now looked at how the sales are going and what the future holds for the tower.

Balder invests in data center company

Sweden Sweden — Balder has invested capital in the Swedish data center company SDC, according to a press release.

Balder sees greater competition from Kojamo

Nordic — The geopolitical unrest in the world is not something that scares Balder's CEO Erik Selin significantly and is not the main reason why they continue to hold back on the number of project starts. At the same time, he sees a stable transaction market, but whether Balder is a potential player in it is somewhat unclear. In Finland, the recovery is taking a while longer in the residential market than expected and at the same time they see increased competition.

Carina Edblad proposed as new board member of Balder

Sweden Sweden — The nomination committee of Fastighets AB Balder has completed its work ahead of the Annual General Meeting on 8 May 2025. The nomination committee proposes that Carina Edblad will be elected as a new Board member and re-election of the current Chairman of the Board and all existing Board members.

Balder to distribute Norion Bank holding among shareholders

Sweden Sweden — The board of Fastighets AB Balder has taken a directional decision to propose a distribution of the company’s entire holding of shares in Norion Bank as a dividend to Balder’s shareholders.

Castellum continues to increase its lead

Nordic — Real estate company Castellum has purchased an additional 70,964 shares in Norwegian real estate company Entra.

The industry on the future demand for saunas

Nordic — After Finnish comedy group KAJ won big with the song "Bara bada bastu"(Just take a sauna) in the Swedish Melodifestivalen a little more than a week ago, Nordic Property News asked the question – will more people want to take a sauna now and let the sweat swirl? Will it affect what is demanded in newly produced residential and to what extent are companies working with offering a sauna today? Six companies in the industry answer this question.

Balder would rather buy than put a shovel in the ground

Nordic — CEO Erik Selin says that Balder has emerged from the economic cycle stronger than before. The focus in recent quarters has been on streamlining operations and creating added value through good investments. He gives his view on which markets that are on the wish list.

Castellum has increased its shareholding in Entra and intends to make a mandatory offer

Nordic — Castellum has acquired 100 shares in Entra at a price of NOK 110.40 per share. Following the acquisition, Castellum holds 60,710,724 shares in Entra, representing approximately 33.333355 per cent of the outstanding shares and votes in the company, triggering a mandatory offer obligation.

Balder acquires properties and apartments from Doxa

Sweden Sweden — Today, 30 December 2024, Fastighets AB Balder signed an agreement to acquire both the business area Doxa Fastigheter and apartments. The total property value of the transaction is approximately SEK 3.8 billion, around EUR 0.33 billion.

Balder divests site leasehold right in Stockholm to AMF Fastigheter

Sweden Sweden — As of 21 November, Fastighets AB Balder has divested the site leasehold right Göta Ark 18 at Medborgarplatsen in Stockholm to AMF Fastigheter. The transaction is based on a site leasehold right value of SEK 1 billion (EUR 86 million) and AMF Fastigheter will take possession in the beginning of January.

Erik Selin on the new establishment: "Gothenburg will rise again"

Nordic — Hyatt Place Gothenburg Central will open in early spring 2025 at Gothenburg Central Station. The property owner is Balder, who acquired the hotel property in 2024, and Nordic Property News naturally wants to know what the company's CEO, Erik Selin, thinks about the establishment and the hotel market in general.

Balder and Peab acquire properties from their JV Centur

Sweden Sweden — Balder has acquired properties valued at SEK 5.2 billion (EUR 474 million) from its joint venture Fastighets AB Centur as of 1 November 2024. At the same time, Fastighets AB Centur divests properties valued at SEK 2.1 billion (EUR 191 million) to Peab.

Balder ready to start growing again in 2025

Nordic — With stabilized yields, Balder is ready to grow in 2025. CEO Erik Selin shares his view of Balder's growth opportunities in the coming years and where he sees potential for favorable development going forward.

"For Balder, the choice is between everything or nothing"

Nordic — He has hinted at it before. Balder can take many paths forward and nothing seems set in stone for CEO Erik Selin. From being a company that hoards building rights, there is now reasoning about divestments. A direction towards a more rational company, he says when the second quarterly report is presented.

Balder's management results down in Q2

Nordic — Property company Balder's rental income amounted to EUR 275 million in the second quarter of 2024. The average in Infront's compilation of nine analysts' estimates was EUR 274 million.

Selin: "In some places nothing may be built for ten years"

Sweden Sweden — Balder's CEO Erik Selin gave an overview of the company when he participated in the Capital Markets Days held on Tuesday and Wednesday in Båstad. The real estate veteran is clear that it's calm waters for the real estate giant at the moment with few projects, and he has also not seen many cheap objects on the market that are tempting to buy.

Realy Bostad buys Goco building rights

Sweden Sweden — Realy Bostad is carrying out acquisitions in Goco in Mölndal with the ambition to start building 181 homes already this autumn. The seller is Trenum, which is owned by Balder and AP3.

Selin: "Having negative numbers is painful"

Sweden Sweden — 2024 is progressing at a steady pace for Balder and CEO Erik Selin is not expecting any revolutionary events during the year and likely no project starts either. But one detail that rubs off on the Balder founder is the company's most important performance measure, which during Q1 decreased by ten percent compared to the same quarter in 2023. "We don't like negative numbers," says Erik Selin during the report presentation.