News | Nordic Property News

ARTICLES TAGGED WITH "Gothenburg"

Jacob Karlsson after the major sale: "We are a different animal"

Sweden — K-Fastigheter's latest sale concerns a large portfolio in the Gothenburg area where the company is selling over 400 apartments under construction in a transaction worth a total of almost SEK 1.9 billion. For Nordic Property News, CEO Jacob Karlsson tells more about the background to the transaction, why the company can maintain the same size despite large divestments and what kind of company he sees K-Fastigheter as in the future.

K-Fastigheter sells portfolio for nearly SEK 1.9 billion

Sweden — K-Fastigheter has signed a letter of intent with an institutional investor regarding the sale of a property portfolio under management and construction in the Gothenburg area. The transaction is worth almost SEK 1.9 billion in total.

Platzer sells project property to Hub Park

Sweden — Platzer has signed an agreement with Hub Park to sell the property Högsbo 55:11 in Södra Änggården, Gothenburg. The property is a project property with a building right for a 16.000 square meter parking garage. The sale is being made as a corporate transaction with an ongoing construction project. Platzer will continue to be part of the collaborative organization and urban development of the area.

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

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.

Largest upcoming projects in Gothenburg

Sweden — Construction starts have increased slightly, while many have been hesitant to start projects for several years. Nordic Property News has mapped out which projects are in the pipeline in Sweden's three largest cities.

"The office market is better in Gothenburg than in Stockholm"

Sweden — The world is shaking and trade tariffs are in focus. The Gothenburg company Platzer, with a large part of its logistics property portfolio near Gothenburg's transatlantic port, will of course follow developments closely and be humble about what may happen now, says CEO Johanna Hult Rentsch. At the same time, she believes that the office market in Gothenburg is better equipped than that in Stockholm.

Lansa continues to grow towards the goals: "The competition is tough"

Sweden — Earlier this week it was clear that Lansa is taking new steps towards continued growth. This is through an acquisition from Peab, which is currently building a large residential project in Partille. This is the third purchase in the Gothenburg region since they entered the market two years ago. Cecilia Andersson, Property Development Manager at Lansa Fastigheter, gives her view on the competition in the market and the ambition for how the portfolio will grow.

Canadian OTPP buys from Blackstone in Sweden and Denmark

Nordic — The Ontario Teachers’ Pension Plan (OTPP) has completed the acquisition of a 92.000 square meter logistics portfolio from funds managed by Blackstone. The portfolio consists of three properties in Sweden and two in Denmark.

Strategic residential expansion in central Gothenburg

Sweden — Derome Fastighet is embarking on a new project in Gothenburg and will increase its portfolio by 50 percent. It is part of a strategic investment going forward, says Patrik Westin, CEO of the company.

"Gothenburg and Stockholm can compete with London and Paris"

Sweden — Have offices become a worse investment? Neither Karl Persson, Nordic CEO, nor Peter W-O Berglin, Associate Director, at Cushman & Wakefield, believe so. They give their views on investor interest in the office market and the potential for neighboring buildings in the future, where Gothenburg in particular have great opportunities.

These are hottest commodities on the office market

Sweden — The office market has been facing headwinds. There are brightening tendency’s and representatives from Vasakronan, Svenska Hus and Citymark Analys explains what they are. The question is what a good investment in these times is.

Wallenstam CEO: "If the location and product is right, the market is there"

Sweden — Hans Wallenstam shares what awaits with the fifth Hötorgsskrapan and how he sees the coworking market going forward, as well as the reasons for Convendum's difficulties. He also sees that the company will be able to increase the pace of residential development but also sees a major challenge in how the City of Gothenburg works with urban development.

Outlook for the Gothenburg market

Sweden — Henrik Einarsson, Establishment Manager at Business Region Gothenburg, share his analysis on how the market is performing today and what awaits in the future. There is one area where the second largest city in Sweden stands out significantly and has surpassed Stockholm by a full 20 percent. "They warn that if they do nothing, Gothenburg will take over."

Serneke Sweden's last contract: "We thought they would make it"

Sweden — A few days before Christmas Eve, Serneke Sweden's last contract was signed. A turnkey contract that would ensure that a new warehouse building would be built for the City of Gothenburg's cultural administration. The order was worth approximately EUR 283 million. But the fact that Serneke Sweden was heading for bankruptcy was not suspected by the municipal real estate company Higab, the other party to the contract.

Hans Wallenstam wants a Polish solution – for the Swedish residential market

Sweden — Hans Wallenstam summarizes the property year 2024 from Wallenstam’s view and talks about the investment opportunities after the recent blockbuster deals in Gothenburg and Stockholm. He also tells how he was inspired during a trip to Poland to find a possible solution to the crisis in housing construction in Sweden.

The companies' outlook on the potential office shortage

Sweden — Recently, a report was published by the West Swedish Chamber of Commerce on Gothenburg's office market, which states that if all currently planned office projects are completed, there is still the risk that the amount of office space it adds will not be able to meet the future need. How do the companies view that risk and the challenges of the office market? Wallenstam and Vasakronan gives their outlook on the office market.

"The lack of office space in Gothenburg will inhibit growth"

Sweden — In a new report from the West Swedish Chamber of Commerce, it is stated that despite the high vacancy rate in Gothenburg's office market, the upcoming projects are far from sufficient to cover the upcoming need. Within ten years, the Gothenburg region may have a growth-limited office shortage in Gothenburg, says Christina Heikel, urban development manager at the Chamber of Commerce.

Real estate company plans to expand mall into 950 residential units

Sweden — 950 homes may be discussed at the Gothenburg City Planning Committee's meeting this week. It is Skandia Fastigheter that can let their mall Frölunda Torg swell and merge with new housing.

Bonava: "Joint ventures will increase significantly"

Sweden — The number of collaborations and joint ventures will steadily increase, says regional manager Carmtih Mårtensson at Bonava. During Thursday, they were able to disclose their first endeavor with Obos. As early as next year, they will jointly undertake to build 200 homes in the emerging Södra Änggården district in Gothenburg. But building in the city is far from optimal, he says.

List: These are the largest property owners in Gothenburg

Sweden — Nordic Property News maps the ten largest property owners in Sweden's three largest cities. Today the turn has come to Gothenburg, which with its 604,616 inhabitants is the country's second largest city and municipality.

Wallenstam and the city have still not agreed on a price for building rights at Gamla Ullevi

Sweden — The central land reference is now proposed to be extended for the fourth time because the city and Wallenstam have not agreed on the price of the building rights. The detailed plan has been adopted but for the time being suspended by the Land and Environment Court.

NCC gets renewed deal for fire-ravaged water park: "Gratifying step forward"

Sweden — Five months have passed since the amusement park Liseberg's upcoming water park Oceana in Gothenburg went up in flames. The fire claimed one life and the devastation was great. Niklas Sparw, business area manager, now explains how important it was for NCC to regain the confidence to complete Oceana.

Fire-ravaged water park can be inaugurated in 2026 – NCC receives new confidence

Sweden — At an extra board meeting on July 17, Liseberg's board decided that the water park Oceana in Gothenburg should be rebuilt. Oceana, which suffered extensive damage in a fire in February this year, has been cleared and cleaned during the last quarter. With the board's decision made, a reconstruction is now possible, but the road to a finished project is not straight, and some issues remain to be investigated. NCC, which was in charge of the contract when the fire broke out, is given renewed confidence to rebuild Oceana.

In pictures: Serneke's new vision for Cirkustomten

Sweden — Third time's the charm for Serneke who, in collaboration with Semrén & Månsson and Mareld arkitekter, has now produced a new proposal for the design of the much-talked-about Cirkustomten in central Gothenburg. See the illustrations and read more about the project that Serneke has been working on since 2016 when the land was first granted to the company.

The fastest growing city in Sweden: "Housing is the weak link"

Sweden — Yesterday, Tuesday, the Swedish statistical authority SCB published new figures for their forecast for how much the cities will grow in population in the coming five years. At the top is Gothenburg, which will grow by over 16,000 inhabitants. For the capital Stockholm, that number is only 10,000. But being the city that will grow the most also places greater demands on the municipality, says Christina Heikel, who is responsible for urban development at the West Swedish Chamber of Commerce.