ARTICLES TAGGED WITH "Besqab"

Patrizia receives 156 apartments in Stockholm

Sweden Sweden — Besqab completes and hands over another rental property project to Patrizia.

Tagehus new shareholder in Besqab - purchased 1.5 million ordinary shares

Sweden Sweden — Tagehus Holding becomes new shareholder in residential developer Besqab.

Besqab: "It is not unlikely that we will sell management properties"

Sweden Sweden — Besqab has presented its figures for the fourth quarter of 2024 and for the past year. "We think this is a stable quarter, a good result. We have completed several successful sales launches and we see that the housing market is starting to pick up", says CEO Magnus Andersson.

Besqab acquires 130 residential building rights near Solna Station

Sweden Sweden — Besqab has acquired approximately 130 residential building rights within the property Ballongberget 4 in Solna, through a corporate transaction with Skandia Fastigheter.

SBB and Genova divest building rights to Besqab

Sweden Sweden — SBB and Genova have, through their joint venture, agreed to divest building rights in Nacka Strand of approximately 8,800 square meters of Light Gross Floor Area to Besqab.

Besqab acquires Stockholm building rights

Sweden Sweden — Besqab acquires building rights for approximately 170 residential apartments at Kungsholmen in Stockholm.

"Will make divestments"

Sweden Sweden — Besqab's interim report for January to September 2024 shows a stable third quarter. Sales, turnover and profit are, compared both with the previous quarter and with the corresponding quarter last year, better. "We have a stable quarter where we deliver according to the business plan we communicated earlier this year", says Magnus Andersson.

The large investment is bearing fruit – Patrizia is looking for more

Nordic — In 2022, Patrizia bought a residential stock in Stockholm consisting of four multi-family buildings, over approximately 47,000 square meters, 879 units and 588 parking spaces from Aros Bostad for approximately SEK 3.6 billion, EUR 0.33 billion. The purchase price made the deal one of the biggest of the year in Sweden. With the deal, Patrizia's Swedish portfolio also reached EUR 0.83 billion.

Besqab completes and delivers first project in Patrizia deal

Sweden Sweden — Besqab has completed and delivered the first project in the portfolio of rental residential projects sold to Patrizia in June 2022. The handover takes place according to schedule.

Besqab sells two properties to Alecta Fastigheter

Sweden Sweden — Besqab has, through a corporate transaction, sold 195 building rights in Solna for a purchase price of approximately SEK 300 million (EUR 25.9 million). Alecta Fastigheter is the buyer of the two properties involved, Solna Banken 18 and Solna Banken 19.

Besqab develops new properties in Stockholm

Sweden Sweden — Besqab is developing 48 new homes at the shore of Mälaren in Hägersten, Stockholm.

Magnus Sundell appointed new CFO of Besqab

Sweden Sweden — Besqab has recruited Magnus Sundell as the new CFO. Sundell, who has over 25 years of experience in senior positions within the real estate industry, succeeds Anna Jepson and will join the group management team.

The strategy for the "new" Besqab

Sweden Sweden — The first signs of the merger of Aros Bostad and Besqab into a single company are starting to show. At Thursday's presentation of the quarterly report, CEO Magnus Andersson offered both market analysis and their strategy to become a leading housing developer in Stockholm and Uppsala.

Besqab lays off 25: "Through the merger, unfortunately, a redundancy arises"

Sweden Sweden — On Wednesday, Besqab announced that it intends to notify 25 employees of redundancy following the merger between Aros Bostadsutveckling and Besqab. The new company's CEO, Magnus Andersson, tells Nordic Property News about the announcement and how it feels to give the news to the employees.

New Besqab ready to start more housing projects

Sweden Sweden — The recent merger with Aros Bostad means that Besqab now has great readiness to start more housing projects as the market recovers, according to CEO Magnus Andersson.

This is how the merger will make new Besqab market leading in Stockholm

Sweden Sweden — Aros Bostad and Besqab are to be merged. The vision for the new company, which will be named Besqab, is to become a leading housing developer in Greater Stockholm and Uppsala. "I am proud to have received the question," says new Besqab's future CEO Magnus Andersson. But what happens to the current CEO, Carola Lavén, is still unclear.

Aros Bostad makes bid for Besqab

Sweden Sweden — Aros Bostadsutveckling makes a recommended bid for Besqab. The offer is not in cash but means that the two listed companies will merge. The offer is worth 1.04 shares of ordinary shares and 0.07 preferred shares in Aros Bostadsutveckling for each share in Besqab. The board of Besqab unanimously recommends the shareholders of Besqab to accept Aros Bostad's offer.

Nrep acquires community property portfolio

Sweden Sweden — Nrep's community property arm, Altura, has signed an agreement with Besqab to acquire a community property portfolio at an underlying property value of a total of SEK 770 million. The deal includes three nursing homes, a preschool and tenements with a total lettable area of 15,200 square meters. The acquisition takes place via the Nordics' largest Core-plus fund Nrep Income+, which last year completed a successful third closing with approximately SEK 3.1 billion in added capital intended to take advantage of new investment opportunities.

Besqab sells in Stockholm

Sweden Sweden — Besqab has agreed on the sale of five smaller properties in Trollbäcken in Tyresö.

Besqab lays off close to one third of its staff

Sweden Sweden — Besqab lays off 40 employees due to changed market conditions; which for Besqab means lower production volumes as a result of the deteriorating market situation which is behind one third of the working group now receiving a notice. "We will still have a large and strong core left," says CEO Carola Lavén to Nordic Property News.

Besqab withdraws from large project in Stockholm

Sweden Sweden — In December 2014, Besqab, as part of a JV company, entered into an agreement for the acquisition of approximately 700 prospective building rights within the Lövholmen area in Stockholm, of which Besqab's share is approximately 350 homes. The agreement, which is conditioned, among other things, by a new detailed plan for residential purposes, recently expired. Due to changed market conditions, Besqab has chosen not to extend the agreement to instead focus on other interesting acquisition opportunities.

Besqab Reports Sharp Decline in Revenue

Sweden Sweden — Last week, Besqab disclosed that they are making a deposition in ongoing production and a write-down of development properties - with the goal of providing a clearer picture of values in light of market conditions. Despite that, they continue with plans for new production in 2023.

New Residential Area to Be Developed in Hot Stockholm Area

Sweden Sweden — Besqab involved in a residential project that will provide approximately 700 new homes.

“Still a Great Need for More Housing”

Sweden Sweden — Besqab's CEO Carola Lavén on the Covid-19 effects on the housing market, the market situation going forward and Besqab's most important challenge right now.

How Carola Lavén Will Take Besqab to the Next Level

Sweden Sweden — Olle Nordström, the residential developer Besqab’s Chairman of the Board, tells Nordic Property News why the board choses Carola Lavén as new CEO, the recruitment process and future targets for the company.