Nordic — Banks turned bearish towards the property sector as credit margins increased while the stock market for property-related shares soared amidst positive vaccine trials, Catella writes in their Credi report.

Finland — Cofinimmo is listed on Euronext Brussels and the transaction with FinCap is the company’s first investment in Finland. The property has been fully leased to Mehiläinen with a long lease agreement.

Finland — Renor LTD divests a newly developed historical office building and a share of a parking facility in the same Silkki block in the centre of Tikkurila. The buyer is Non-UCITS Fund Aktia Commercial Properties

Finland — Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund via their AIFM platform together with Catella Asset Management Oy.

Norway — Through subsidiaries, Tre Kronor has signed an agreement to acquire a property in Andebu, ten kilometers south of Oslo.

Finland — OP Life Assurance Company Ltd’s has made a divestment of a historic landmark office property in the centre of Helsinki to global LaSalle Investment Management.

Denmark — Schroder acquires two office buildings totalling 32,800 sqm in Valby in Copenhagen.

Finland — Catella acted as Senate Properties’ advisor in the divestment of shares of property in Merihaka, Helsinki.

Finland — Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in a sale of Lappeenrannan Kodinkeskus retail property.

Finland — Investors represented by Cobbleyard Real Estate and Revcap have divested two modern office properties located in the Hervanta office area in Tampere to a fund managed by Quadoro Investment Gmbh.

Denmark — Catella procures debt financing for Hines’ unique redevelopment project of a hotel and retail in central Copenhagen.

Sweden — In the July issue of Catella's CREDI, the Main index increases from 33.7 to 40.4 as corporates have strong expectations of a near future recovery while the current situation is deemed gloomy by both banks and corporates.

Finland — Senate Properties sells a property, which comprises an entire block in the Helsinki city centre. The buyer is a Finnish real estate development company HGR Property Partners Oy.

Sweden — Catella invests MSEK 500 to develop a logistic property in the municipality of Norrköping together with the former owners of Royal Design. The transaction is conditional on the granting of building permits.

Sweden — Catella enters into a strategic partnership with Athanase, with the object to further develop and enhance the client offering through Catella Fondförvaltning. In conjunction, Athanase acquires 70 percent of the shares in Catella Fondförvaltning (“CFF”) for cash consideration of SEK 126-154 million, depending on CFF’s development until the transaction date.

Sweden — Jacob Bruzelius has been appointed Head of Debt Advisory and Restructuring at Catella's Corporate Finance in Stockholm. He joins Catella from Rikshem. Previously he has held positions at Aareal Bank and The Royal Bank of Scotland.

Finland — Mutual Pension Insurance Company Varma has sold a reception centre property in Helsinki to an unnamed buyer.

Finland — A private owner has divested the office property in the address Laturinkuja 6 in the Vallikallio area in Espoo.

Finland — Catella acted as private investor’s financial advisor in the purchase of an office property in the Tampere city centre. The seller of the property was another private investor.

Finland — Balder acquires seven properties in Finland.

Finland — Matkahuolto divests of a property portfolio consisting 13 assets in several locations across Finland. Most of the assets are commercial premises in travel centres and bus stations. The buyer is a group of private investors.

Finland — Evli acquires healthcare property from Fincap.