ARTICLES TAGGED WITH "Gothenburg"

Gothenburg aims to move away from the project-based mindset

Sweden Sweden — The City of Gothenburg has the potential to foster better collaboration between the municipality and property owners, but working methods need to become more long-term and collaborative. This is the view of City Planning Director Henrik Kant, who calls for shared objectives, timelines, and financial frameworks in major urban development areas. At the same time, he notes that the municipality’s own working methods and financial constraints sometimes hinder broader cooperation. However, the willingness to change is there. "We are working towards establishing shared objectives and timelines, and reaching an agreement with the property owners involved in the detailed planning process," says the City Planning Director.

SLP acquires logistics property in Gothenburg for SEK 514 million

Sweden Sweden — SLP has acquired and taken possession of a logistics property, Backa 107:3 in Gothenburg, through a "sale-and-leaseback" transaction with DSV. The property, which serves as a terminal, comprises a lettable area of ​​roughly 34,900 sqm and is fully leased with a lease term of 9 years. The lease agreement is structured as an international "triple net" lease, and the annual rental value amounts to SEK 39 million. The agreed property value is SEK 514 million. The total land area is approximately 133,500 sqm, offering significant potential for future extensions.

Svenska Handelsfastigheter buys two retail properties from Skandia Fastigheter

Sweden Sweden — Svenska Handelsfastigheter has acquired two retail properties in Torslanda and Hässleholm from Skandia Fastigheter. The properties have a combined retail area of approximately 12,300 square metres.

New plan for 300 homes in prime quayside location in Gothenburg

Sweden Sweden — The renovation of Packhuskajen is an important part of Gothenburg's city plans, and now Nordic Property News can reveal more about the city's plans for the attractive central stretch by the river. Among other things, there are plans for 300 new homes and 15,000 square meters of businesses on the site.

“Net rental has been really negative”

Sweden Sweden — The overall demand for office space has been weak for several years and in the country's two largest office markets, Citymark's latest measurements show that central Stockholm has a vacancy rate that has leveled off at just over eleven percent, while it has exceeded 13 percent in central Gothenburg. However, the situation is expected to brighten somewhat in the future and Citymark's head of analysis Tor Borg tells Nordic Property News what mechanisms lie behind that forecast, while also talking about possible obstacles ahead.

Dense urban district to connect Gothenburg across the river

Sweden Sweden — 4,500 homes, two schools, new bridge connections and a development project expected to continue for up to 30 years. Gothenburg’s City Planning Committee has now approved an updated planning programme for Frihamnen and parts of Ringön. The ambition is to create a dense and mixed-use inner-city district that connects Gothenburg across the river, while maintaining a balanced project economy.

Wallenstam adds three new establishments in Gothenburg

Sweden Sweden — Gothenburg city center will soon have three exciting new businesses in the Avenyn area.

Vacancies in Gothenburg are not driven by space reduction

Sweden Sweden — In an interview with Nordic Property News, Platzer's CEO Johanna Hult Rentsch talks about how the company is working to reduce its vacancies, what distinguishes Gothenburg's office market and what is driving the increased vacancy rates in the country's next largest office market.

Wallenstam signs leases in central Gothenburg

Sweden Sweden — Central Gothenburg and addresses in the Inom Vallgraven district continue to attract a wide range of businesses. Leases have recently been signed for just over 2,600 square meters of office space in the district.

Veidekke to build Västlänken subproject in Gothenburg

Sweden Sweden — Veidekke has been commissioned by the Swedish Transport Administration to build the Stora Hamnkanalen tunnel, a part of the West Link Project in central Gothenburg. The contract value was estimated at SEK 280 million as at the start of the procurement process, before completion of the design.

Platzer CEO: "Not justifiable that it is half the rent in Gothenburg"

Sweden Sweden — The recovery of the economy that Platzer CEO Johanna Hult Rentsch had hoped for has still not come. This has been noticed during the quarter through two large tenants, one of whom, Volvo Cars, has decided to reduce its staff. At the same time, there is hope for the Gothenburg CBD, which until now has seen an unusually large vacancy. She also sees reasons that the rent levels should increase in Sweden's second largest city.

“These market conditions are interesting for players like us”

Nordic — A few days ago, the news came that Savills IM had made its first acquisition in Gothenburg with a logistics fund. Lisen Heijbel, Head of Investment, shares how they want to grow in Sweden with the large fund.

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

Sweden 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 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 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 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 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 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 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 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 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 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 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 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."