Sthlm 01.

Skanska Commercial Property Development Nordic Sells Sthlm 01 for SEK 2.3 Billion

Sweden Sweden — Skanska Commercial Property Development Nordic has divested the office building Sthlm 01 in Stockholm to Skanska Investment Properties for about SEK 2.3 billion. The internal transaction has no effect on the cash flow and will be recorded in the fourth quarter 2022. The transfer will take place immediately.
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
Ilija Batljan, CEO of SBB Norden.

Sleepless Batljan on Target with SBB's Divestment Plan

Sweden Sweden — Ilija Batljan has worked almost around the clock to complete the large structural deal with Brookfield that was presented on Wednesday morning. With the sale, which can bring in a total of 10.4 billion SEK to SBB, the company is finished with its divestment plan according to Ilija Batljan. Here he talks more about the big agreement and the effect it has on SBB's finances going forward.
Jenny Appenrodt.

Klarabo's CFO Leaves the Company

Sweden Sweden — Jenny Appenrodt has announced that she has decided to leave her position as CFO of Klarabo. Jenny will remain in her role for the next six months, or until a replacement is recruited.
Which companies are the winners and which are the losers on the stock market in November?

November 2022: Winners and Losers on the Nordic Stock Markets

Nordic — Nordic Property News has the complete list of how the Nordic real estate and construction companies performed on the stock exchange in November.
Eteläesplanadi 2 in Helsinki.

NREP Acquires Historic Helsinki Office Building

Finland Finland — NREP announces the acquisition of the Eteläesplanadi 2 office building in Helsinki from Allianz. Eteläesplanadi 2 is a landmark building located next to the waterfront in Helsinki CBD.
Malmö Stenåldern 6.

SLP Extends Rental Agreement in Malmö

Sweden Sweden — SLP has extended a rental agreement with STILL Sverige AB regarding the property Malmö Stenåldern 6. STILL manufactures, among other things, forklifts and rack systems and is thus an important part of the logistics chain.
F. Scott Ball, CEO of Citycon.

Citycon Sells Two Shopping Centres

Norway Norway — Citycon has signed an agreement to sell two non-core shopping centres in Norway for approximately NOK 1250 million (approximately EUR 120.8 million).
SBB.

SBB Makes Blockbuster Sale – Divests 49 Percent of the Social Infrastructure Portfolio

Nordic — SBB sells a 49 percent stake in its social infrastructure portfolio for public education to Brookfield for SEK 9.2 billion in cash with an additional earn-out of up to SEK 1.2 billion in cash.
The Nordic companies with the highest operating income, according to the latest financial reports.

The Companies with the Highest Net Operating Income in Q3

Nordic — Nordic Property News presents the net operating income among the Nordic property giants, during Q3.
Mikael Söderlundh.

Opportunities on the Transaction Market Could Open Up Due to the Sharp Fall of Real Estate Stocks

Nordic — Pangea's Head of Research, Mikael Söderlundh sees an active pipeline despite the fact that the transaction market is currently in a wait-and-see mode. The sharp fall for real estate stocks in 2022 could trigger some interesting types of business, according to Söderlundh who expands on the various effects that could materialize in 2023.
Rune Koch.

NREP Ready for German Expansion – Here Is What they Are Looking for

Nordic — NREP takes a new step by making its first real estate investment in Germany. Rune Kock, Real Estate CEO at NREP, tells Nordic Property News about the first investment, what segments they will focus on in Germany, which locations he views as attractive for new acquisitions, the possibility of more JV investments and how the German operations will be run.

Olav Thon Acquires DNB Livforsikring's Share of Sørlandssentret – Becomes Sole Owner

Norway Norway — DNB Livsforsikring AS and Olav Thon Eiendomsselskap ASA have since 2008 jointly owned and developed Sørlandssenteret, each with a 50 percent share. The parties are in agreement that Olav Thon Eiendomsselskap ASA shall continue the ownership alone.
Niklas Zuckerman, CEO of Logistea, and Anders Nordvall, Deputy CEO & Head of Transactions of Logistea.

Logistea Acquires in Alingsås

Sweden Sweden — Logistea has acquired a property in Alingsås with an underlying property value of SEK 275 million and a lettable area of approximately 19,100 square meters.
Cecilia Vestin.

Kåpan Fastigheter's Plans after the Split from SBB

Sweden Sweden — Last week, Kåpan Pensioner acquired SBB's share in Svenska Myndighetsbyggnader and announced a name change to Kåpan Fastigheter. Cecilia Vestin, CEO of Kåpan Fastigheter, tells Nordic Property News about the ambitions as a wholly-owned Kåpan-company.
Johan Skoglund, CEO of JM.

JM Appeals the Court of Appeal's Judgement on Consolidation of Tenant-owners Associations

Sweden Sweden — The Court of Appeal has issued a judgement which means that JM must consolidate tenant-owners associations during production in its consolidated financial statements according to IFRS. JM's appeals the judgement to the Supreme Administrative Court
Arvid Lindqvist, Head of Research at Catella in Sweden.

"Real Estate Stocks Might Have Reached a Bottom"

Nordic — Catella's Head of Research Sweden, Arvid Lindqvist, believes that the bottom of the stock market may have been reached for the real estate companies, or at least it will in the near future. It looks all the more bleak for the direct market, which will begin to feel the effects of the recession over the next 18 months. He tells Nordic Property News more about how the real estate sector is faring in today's tough economic climate and what the challenges look like going forward.
Kungsgatan.

Peab to Rebuild Central Street in Stockholm

Sweden Sweden — Peab has been commissioned to rebuild Kungsgatan in Stockholm. The customer is the city of Stockholm and the contract is worth SEK 136 million.
The slaughterhouse.

Veidekke Creates Slaughterhouse in Trøndelag County

Norway Norway — Veidekke subsidiary Grande Entreprenør is to build a poultry slaughterhouse in the Trøndelag county village of Røra on behalf of Berg Eiendom Levanger AS. The slaughterhouse will be operated by Ytterøykylling AS and Nortura. The contract is a design and build contract valued at around NOK 140 million excluding VAT.
The preference shares with the highest yields on the stock exchange.

Updated Figures: These Are the Best Performing Preference Shares in the Nordics

Nordic — Nordic Property News has listed the Nordic real estate companies’ preferred stocks. Which stock provides the highest yield and which stock has had the best development, so far, in 2022?
Kuopio.

Karelia Acquires Major Share of Office Property

Finland Finland — Local property investment company Karelia Finland Oy has acquired 60% of the shares of Kuopion Postitalo property in the city centre area of Kuopio.
Stefan Dahlbo, CEO of Fabege.

Fabege's CEO on Moody's Negative Outlook

Sweden Sweden — Fabege gets to keep its Baa2 rating, but Moody's has decided to change the company's outlook from stable to negative due to the rising market interest rates and the risk of the interest coverage ratio deteriorating. Fabege CEO Stefan Dahlbo tells Nordic Property News how he views the announcement and the company's future prospects.
Peter Wiman.

"The International Market has Pulled the Breaks"

Nordic — Troubled times lead to investors looking to their own local market. Peter Wiman, Head of Research at EY Real Estate, shares his view on the international real estate markets.
Stockholm.

Pangea: "Dark Outlook for the Real Estate Sector"

Nordic — For the first time since 2011, Nordic property shares will most likely end up at negative territory in 2022, standing at minus 43 percent YTD. Compared to a year ago when the sector was valued at a massive 73 percent premium on average, we now see a discount of 17 percent, and the listed companies have become net sellers in the market, according to the new report Pangea Listed Overview.
Aqua.

Skanska Divests Aqua in Malmö to Internal Property Portfolio

Sweden Sweden — Skanska Commercial Property Development has divested the office building Aqua in Malmö, Sweden, to Skanska Investment Properties for about SEK 600M.

Joachim Carlsson Appointed New CFO of Estea

Sweden Sweden — Estea recruits Joachim Carlsson as CFO. He has more than eleven years of experience from the financial and real estate market and comes most recently from the role of Head of Arctic Real Estate Management Sweden at Arctic Securities.