Henrik Saxborn, Biljana Pehrsson, Ylva Sarby Westman and Rutger Arnhult.

The Costs of Castellum's Management Changes

Sweden Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.
TOP 4 Nordic
Blackrock is among the largest owners in several of the listed Nordic real estate companies.
Nordic Nordic —
The development of Blackrock’s ownership in listed Nordic companies
Christian Fredrixon, Kristina Sawjani and Henrik Brinck Landelius.
Nordic Nordic —
The hottest free agents in the industry
Nordic Nordic —
The largest owners in the listed companies
Tom Hagen, Deputy CEO at Prisma Properties.
Nordic Nordic —
Prisma Properties’ growth plans for 2026
Skanska.

Skanska Gets Expansion Assignment in Ylöjärvi

Finland Finland — Skanska will build a new Prisma in Ylöjärvi.

Corum Acquires Office Property from Antilooppi

Finland Finland — Antilooppi sells Takkatie 1 office property to Corum. The property is situated in Pitäjänmäki submarket, close to commuter train station.
Balders CFO Ewa Wassberg and Handelsbankens analyst Johan Edberg on Balders rating downgrade.

Share Price Drop for Balder After Rating Blow: "Creates an Uncertainty"

Sweden Sweden — On Wednesday, Balder received a lowered credit rating from the rating institute Moody's, to Ba1 from previously Baa3, while the outlook for the rating is considered stable. The announcement caused Balder to fall five percent on the stock market and took many other real estate companies with it in the decline. Handelsbanken's analyst Johan Edberg tells Nordic Property News that the rating announcement was expected but that it has a signal value and can create long-term uncertainty around Balder. Balder on the other hand believe that Moody's report contains "factual deficiencies".
Rollco facility at Snårskogen 5.

Wihlborgs Builds Facility for Industrial Company in Helsingborg

Sweden Sweden — Wihlborgs has signed an agreement with the industrial company Rollco for construction of a new 3,600 m² facility at Snårskogen 5 in Väla Norra. The facility is set for completion in summer 2024 with an initial ten-year lease.
Veidekke changes its organisation in Bergen.

Veidekke Makes Management Changes

Norway Norway — Thor Småbrekke will be taking over from Erlend Bygness as the Regional Manager of Veidekke Bygg Bergen on 1 March.
Per W. Hallgren, CEO of Jeudan.

Jeudan Stands Strong in Challenging Times: “A Net Buyer in Copenhagen”

Denmark Denmark — Per W. Hallgren, CEO of Jeudan, on the 2022 results, the upcoming challenges on the market, and future investment targets.
Liia Nõu, CEO of Pandox.

Pandox Acquires Stockholm Hotel for SEK 400 Million

Sweden Sweden — Pandox has acquired and gained access to Best Western Hotel Fridhemsplan in central Stockholm. The hotel property has 221 rooms and is operated under a fixed lease with a private operator.
Entra.

Entra Divests Property in Drammen

Norway Norway — Entra has sold the property Grønland 32 in Drammen for NOK 335 million, which is approximately 18 percent above book values.
Balder.

Moody's Downgrades Balder's Senior Unsecured Ratings

Sweden Sweden — Moody's Investors Service has assigned a new long term corporate family rating (CFR) of Ba1 to Balder and subsequently downgraded its senior unsecured bond ratings to Ba1 from Baa3 as well as its junior subordinated notes rating to Ba3 from Ba2.
Which companies are the winners and which are the losers on the stock market in December?

February Struggle for Nordic Real Estate Stocks

Nordic — After a strong January, there was a rebound in the negative direction in February for the listed part of the nordic real estate sector, only eight companies saw their share price improve during the month. Here, Nordic Property News presents a list of how the companies performed on the stock exchange during the second month of the year.

Mörndal Sees Brighter Times for M2

Sweden Sweden — "The main drop in value has already been taken and we will be stronger in a year's time," M2's CEO Jakob Mörndal tells Nordic Property News.

Updated list: Largest Shareholders in the Nordic Companies

Nordic — Corem recently sold its entire holding in Castellum, and Nordic Property News has therefore taken a closer look at who the biggest shareholders are in the listed industry giants. Here is the full list.
Michael Berglin, CEO of Serneke.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.
Granelundsskolan.

NCC to Build New School in Tranås

Sweden Sweden — NCC is to construct the new Granelund school in Tranås together with AB Tranåsbostäder. The school will have space for 600 pupils up to sixth year. The project is a turnkey contract in partnering form with an order value of approximately SEK 250 million.
P-G Persson.

Platzer's Retiring CEO Suggested as New Board Member in Diös

Sweden Sweden — Prior to the Annual General Meeting of Diös Fastigheter on April 18, 2023, the Nomination Committee announces its proposal regarding the Chairman of the Board and other board members.
The project Lille Løren.

Veidekke Signs Contract with Nordr and Selvaag Bolig for Residential Project

Norway Norway — Nordr and Selvaag Bolig have awarded Veidekke a new commission in the Lille Løren Park project in eastern Oslo. Now the second stage of construction will be built comprising 99 eco-certified apartments in two blocks with underground parking. The contract is a design and build contract valued at around NOK 300 million excluding VAT.
Nepotism and favoritism are the most common unethical behavior witnessed in the real estate and construction industry in the Nordics.

Survey: Four Out of Ten in the Industry Have Witnessed Bribery

Nordic — Disrespectful behavior, nepotism and passive leadership. In a survey conducted by Nordic Business Ethics, it can be deduced, among other things, that four out of ten in the construction and real estate industry in the Nordics have witnessed bribery.
The New North Zealand Hospital project.

NCC Signs Installation Contract Worth SEK 1.7 Billion for Hospital Project

Denmark Denmark — NCC and the Capital Region of Denmark have signed an installation contract in conjunction with the construction of New North Zealand Hospital in Denmark. The order value for the installation contract amounts to approximately SEK 1.7 billion.
Henrik Saxborn.

Henrik Saxborn: "I Won't Stop Until Putin Stops"

Sweden Sweden — The former Castellum CEO tells Nordic Property News about his deep commitment to Ukrainian refugees, a work that has now been going on for almost a year. He talks about testimonies, lessons and the challenges that arise for the Ukrainians who are now in Sweden. Last week he also participated in a large fundraiser together with Bygg-Göta to raise money for more bulletproof ambulances to be sent to Ukraine.
Jonas Rosengren.

Klarabo Recruits Jonas Rosengren as New CFO

Sweden Sweden — KlaraBo recruits Jonas Rosengren to the position of new CFO. Jonas has extensive experience as finance manager and other leading positions in the real estate industry with responsibilities including borrowing, liquidity management and financial risk management.

Heimstaden Bostad Announces Tender Offer

Nordic — Heimstaden Bostad announces tender offer to repurchase senior debt securities.
Eva Landén, CEO of Corem.

Corem Sells 17 Properties in Stockholm for SEK 949 Million

Sweden Sweden — Corem has signed an agreement to divest 17 properties in the Stockholm area at a total underlying property value of SEK 949 million.
Stina Lindh Hök, CEO of Nyfosa.

Nyfosa Acquires Portfolio from Stenhus Fastigheter

Sweden Sweden — Nyfosa has acquired a portfolio in Sweden consisting of 13 properties including grocery and discount stores, warehouses, and light industrial buildings. The acquisition price amounts to MSEK 706.
Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield.

"The War Accelerated the Problems in the Real Estate Market"

Nordic — Today, February 24th, marks one year since Russia launched its full-scale invasion of Ukraine, a war that is still ongoing. From the perspective of the real estate market, the war has had an insignificant impact compared to the colossal suffering experienced by millions of people in Ukraine, although some aspects were accelerated by the outbreak of the war. Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield, tells Nordic Property News more about this.