Vasakronan CEO Johanna Skogestig.

Vasakronan CEO on the first acquisition in five years: "The market situation has changed"

Sweden Sweden — After the first acquisition in half a decade, CEO Johanna Skogestig explains how she sees Vasakronan's portfolio going forward. At the same time, she sees a certain instability in Stockholm's office market and the company now has a vacancy of ten percent in the portfolio.
TOP 4 Nordic
Jacob Karlsson, CEO of K-Fastigheter.
Nordic Nordic —
"The idea is two business areas under the same umbrella"
Liia Nõu, CEO of Pandox.
Nordic Nordic —
Strong sports event summer could lift Pandox and the hotel market
Ulrika Hallengren, CEO of Wihlborgs.
Nordic Nordic —
Mixed signals in the Wihlborgs office market
Areim’s and VGP’s joint venture acquires properties in Central Europe.
Nordic Nordic —
Areim’s and VGP’s joint venture closes its first acquisition in Europe
Daniel Stenbäck and Hotel Katajanokka.

"Shows that we are serious about our investment in Finland"

Finland Finland — Strawberry continues its expansion in Finland. The company is taking over the storied Hotel Katajanokka on Katajanokka in Helsinki – and establishes its Clarion Collection concept in the Finnish market. Chief Development Officer Daniel Stenbäck tells Nordic Property News about the importance of launching the Clarion Collection in Finland, about Helsinki as a hotel city and about the possibility of entering new Finnish cities.
Swiss Life Asset Managers has acquired a high-standard big-box retail asset.

Swiss Life Asset Managers Nordic acquires retail properties in Helsinki Metropolitan Area

Finland Finland — With the acquisition of prime retail box assets in Helsinki Metropolitan Area, Swiss Life Asset Managers Nordic further grows its real estate footprint in Finland and diversifies the portfolio for its clients.
Ivar Tollefsen.

Heimstaden denies speculations of bribery

Sweden Sweden — The Swedish publication Dagens Industri published an article where employees of Alecta are being investigated for trips to France and/or South Africa invited by Ivar Tollefsen, the chairperson of Heimstaden AB. Heimstaden denies the claims.
SBB.

SBB signs agreement for dissolution of Unobo

Sweden Sweden — As a step in SBB's efforts to eventually dissolve jointly owned residential property structures, SBB has signed a framework agreement with Riksbyggen regarding the dissolution of the joint ownership of the residential property group Unobo AB. Before the split, SBB owns 70 percent and Riksbyggen 30 percent of Unobo AB. SBB aims to coordinate its share of the properties within Unobo AB with Sveafastigheter’s residential portfolio. Riksbyggen continues to manage Unobo AB's portfolio until the end of 2024.
Ilija Batljan returns today as CEO of SBB's spin-off PPI, which is listed on the Oslo Stock Exchange.

Listing day for SBB's spin-off PPI: "The price for current shareholders will be high"

Norway Norway — SBB's spin-off Public Property Invest (PPI) has now been listed on the Oslo Stock Exchange with the starting price set at NOK 14.50. The deal is worth a total of NOK 1,750 million and the company will initially get SBB's former CEO Ilija Batljan as CEO. Nordic Property News has spoken to savings economist and investment platform Levler's founder Joakim Bornold about why SBB is carrying out the special listing and what it means for the respective futures of both struggling companies.
Jacob Karlsson, CEO of K-Fastigheter.

"The idea is two business areas under the same umbrella"

Nordic — In the first quarterly report for 2024, K-Fastigheter announced that the company has now adopted a new business plan and laid out a new strategy. In addition, the company has now made a clearer division between undertaking and management. CEO Jacob Karlsson has answered Nordic Property News' questions about the report and the way forward.
Oscar Properties.

Bondholders files for bankruptcy of Oscar Properties

Sweden Sweden — The holders of Oscar Properties' senior unsecured bonds have submitted a bankruptcy petition to the Stockholm district court.
Hotel Katajanokka.

Strawberry expands its Finnish hotel portfolio

Finland Finland — Strawberry expands its Finnish portfolio with the storied Hotel Katajanokka.
The Naujasis Skansenas area.

YIT deepens collaboration with Czech partner RSJ Investments – establishes new JV's

Finland Finland — YIT deepens collaboration with Czech partner RSJ Investments and establishes three joint ventures to develop large area projects.
Stefan Dahlbo, CEO of Fabege.

Stefan Dahlbo: "We may see black swans flying around"

Sweden Sweden — A boring year. It is CEO Stefan Dahlbo's outlook for the market in 2024 that he shares at the presentation of the first quarter for Fabege. Two large vacancies and long lease negotiations are two of the factors that concern him.
Liia Nõu, CEO of Pandox.

Strong sports event summer could lift Pandox and the hotel market

Nordic — Pandox and the hotel market as a whole had a positive development during the first quarter of the year and there is hope for an even stronger lift in the summer when both the Euros in Germany and the Olympics in Paris will contribute to increased activity on the market. Here, Pandox CEO Liia Nõu tells us more about the company's development and future prospects, and industry expert Thomas Emanuel reports on the situation in the European hotel market, which has now, among other things, recovered past the levels that prevailed before the pandemic.
Ellen Langeggen.

KLP Eiendom appoints Ellen Langeggen as new MD

Norway Norway — Ellen Langeggen has been appointed as the new Managing Director of KLP Eiendom.
Joacim Sjöberg, CEO of Castellum.

Castellum sells properties for EUR 85 million

Sweden Sweden — Castellum is selling ten properties for SEK 934 million (EUR 85 million) less deferred tax and overheads totalling approximately SEK 25 million (EUR 2.3 million). The sale price confirms the carrying amount.
Oscar Properties.

New threat of bankruptcy for Oscar Properties – the Chairman exits the company immediately

Sweden Sweden — Oscar Properties' bondholders have canceled their senior unsecured bonds of SEK 884 million for immediate payment. The owners will apply on Friday for Oscar Properties to be declared bankrupt if payment has not been made. At the same time, the company announces that chairman of the board Peter Norman and board member Markus Dragicevic are leaving their positions with immediate effect.
Ylva Sarby Westman, CEO of Neobo.

Neobo's strategy going forward: First divestments – then acquisitions

Sweden Sweden — The real estate company Neobo continues to reduce its vacancies and increase its occupancy rate. On the other hand, the company reports a significantly lower operating result during the first quarter, compared to the same period the year before. The company's CEO, Ylva Sarby Westman, tells Nordic Property News: "We must work with all lines in the income statement if we are to succeed."
Ulrika Hallengren, CEO of Wihlborgs.

Mixed signals in the Wihlborgs office market

Nordic — Regardless of what happens next, Wihlborgs must be ready, says CEO Ulrika Hallengren at the presentation of the first quarterly report. The company, which this year celebrates 100 years, can also look forward to a record start in 2024, while still keeping its foot lightly on the brake.
Jacob Karlsson, CEO of K-Fastigheter.

K-Fastigheter completes divestment in Denmark

Denmark Denmark — K-Fastigheter has signed an agreement with an institutional investor regarding the divestment of a property portfolio comprising 311 apartments in Denmark.
Nordisk Renting makes acquisition in Drammen.

Nordisk Renting acquires in Drammen

Norway Norway — Nordisk Renting has added a new relation to a strong counterpart through an acquisition of a strategic asset for the customer.
Areim’s and VGP’s joint venture acquires properties in Central Europe.

Areim’s and VGP’s joint venture closes its first acquisition in Europe

Nordic — The Nordic fund manager and property owner Areim, and VGP, a supplier of high-quality logistics and semi-industrial real estate, have closed their first acquisition through their 50:50 joint venture. The acquisition consists of 17 assets in ten different logistics parks across Germany, the Czech Republic and Slovakia. The total area amounts to 450,000 square meters of gross lettable area and is fully let.
Rutger Arnhult, CEO of Corem.

Arnhult joyful over the net rental and the bond market

Sweden Sweden — Corem's CEO Rutger Arnhult sees the net rental of 49 million as the most positive thing about the company's first quarter and sees the turnaround in the bond market as "incredibly positive". At the same time, the vacancy rate has increased further and is now at 14 percent. Here he tells more about the company's path forward and how the company views projects and acquisitions going forward.
Johan Skoglund, CEO of JM.

Johan Skoglund: "The banks are a bit more stingy these days"

Nordic — JM has submitted its interim report for the first quarter of 2024 and a satisfied Johan Skoglund meets the press in this, his very last presentation as president and CEO of the company. Because even though the financing budget has shrunk a little in recent years and revenues at national level have decreased, the company's sales are up by 60 percent compared to the previous year's report. "We plan to start more homes this year than we did in 2023," says Johan Skoglund to Nordic Property News.
The property Litografen 8 in Eskilstuna.

SLP acquires logistics property with development potential in Eskilstuna

Sweden Sweden — SLP has signed an agreement to acquire the property Litografen 8 in Eskilstuna, which, including building rights, has a total area of approximately 59,000 square meters.
Marie Teike.

Platzer recruits Marie Teike as new Business Development Manager

Sweden Sweden — Marie Teike is being recruited as a new Business Development Manager for Platzer Fastigheter starting in August 2024. She most recently came from a role as Property Development Manager at Lansa Fastigheter.

Nischer cancels sales agreement in Gothenburg

Sweden Sweden — Nischer Properties has decided to cancel the agreement on the sale of development projects in Säve in Gothenburg.