Northvolt to Establish Major Battery Factory in Skellefteå

Sweden Sweden — Northvolt has chosen Skellefteå as their place of establishment for their planned battery factory. A research business will be located in Västerås. The total investment until the year 2023 is estimated to reach EUR 4 billion, of which the majority will be invested in Skellefteå.

Jeudan Continues to Purchase in Copenhagen

Denmark Denmark — Jeudan has entered a deal to acquire eight properties in Copenhagen for a total of EUR 90M.

Catella Launches New Property Company

Sweden Sweden — Two hundred clients of Catella and its distributor partners have subscribed for shares in newly formed company Tre Kronor Property Investment AB (publ), which through a subsidiary has acquired a portfolio of 72 grocery properties in southern Sweden.

Antilooppi Acquires Two Helsinki Office Properties

Finland Finland — Antilooppi acquires two office properties in the eastern inner city of Helsinki from OP Financial Group for EUR 38.6 million.

NRP Buys Large Logistic Property

Sweden Sweden — Ness, Risan & Partners (NRP) acquires one of the largest modern logistics facilities in the Nordics. The deal is a sale-leaseback with well-known Swedish discount retailer Rusta AB.

Reitan Acquires in Trondheim

Norway Norway — Reitan has purchased several properties in Trondheim from Dora.

Kojamo Completes the Purchase in Helsinki

Finland Finland — Kojamo has completed the purchase of seven properties occupied by Metropolia University of Applied Sciences.

Thomas Völker Leaves Helaba

Nordic — Thomas Völker, Senior Vice Presiden of International Real Estate Finance in Northern Europe, has decided to leave the company.

Huge Investment in Research Facility in Gothenburg

Sweden Sweden — Vectura and Next Step are building a new arena for Life Science and Innovation in collaboration with Astra Zeneca. The venture is estimated at approximately EUR 365M.

NRP Sells Logistics Portfolio to GLL

Norway Norway — Ness, Risan & Partners (NRP) sells logistics portfolio in Finland to GLL, a Munich based real estate fund manager group. The purchase was backed by South Korean investors.

Alma Sells to Pareto Company

Sweden Sweden — Alma Property Partners has sold a portfolio comprising eight warehouse and light industrial properties in southern Sweden to Logistri, a newly established company managed by Pareto Securities. The portfolio includes a gross lettable area of 100,000 square metres. The properties are fully leased with a weighted average lease length of 15 years.

Patrizia Acquires SPI

Denmark Denmark — Patrizia Immobilien AG has acquired Copenhagen-based Sparinvest Property Investors (SPI), one of the leading global real estate fund of funds investment managers in the small- and mid-cap segment. SPI manages funds with equity commitments totalling EUR 1.5 billion.

Pangea: The Nordic Property Market at the Peak or just on the Way to the Top?

Nordic — The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive properties. Transaction activity is expected to be record high in 2017, but slow down slightly in 2018.

Klövern in Property Swap Deal with Corem

Sweden Sweden — In a property swap deal with Corem, Klövern acquires three properties in Norrköping and one site leasehold to a property in Stockholm, and sells three properties and one site leasehold to a property in the Stockholm area.

Capman Real Estate Appoints Investment Directors in Sweden and Denmark

Nordic — Following its successful EUR 425 million fund raising for its second pan Nordic Real Estate Fund, CapMan Real Estate has recruited Erik Visteus and Jacob Gade as Investment Directors in its Stockholm and Copenhagen offices to strengthen the team.
Hammarbyterrassen.

Skanska to Build for Fabege in Stockholm

Sweden Sweden — Fabege has commissioned Skanska to build the Hammarby Terrassen property, and the project will be run as a collaborative venture.
Tyréns invest in the UK.

Tyréns to Strengthen The International Offer

Sweden Sweden — Tyréns has completed its second strategic investment in the UK engineering market by acquiring a stake in Hilson Moran, which was previously backed by private equity investor Albion Capital.

Peab Divests its Holdings in Lemminkäinen

Finland Finland — Peab has announced that it has divested its entire holding in Lemminkäinen Corporation.

Continued Divestment for Magnolia

Sweden Sweden — Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.

Skandia Purchases 19,400 sqm in Metropolitan Stockholm

Sweden Sweden — Skandia Fastigheter purchases five social properties with schools, health and social care of a total of 19,400 square meters in metropolitan Stockholm.
Joachim Hallengren, vd på Bonava.

Bonava Completes First Investor Transaction in Bergen

Norway Norway — Bonava has sold a housing project in Bergen to the investor Utleiebolig AS. The project consists of 70 rental apartments. 
Rickard S Dahlberg.

NREP Divests in Täby

Sweden Sweden — NREP has sold the community center Näsbypark Centrum in Täby, Stockholm.
Hemsö buys its first educational property in Helsinki.

Hemsö Acquires Educational Property

Finland Finland — Hemsö has acquired an educational property in central Helsinki with a lettable area of 6,200 square meters.
Heimstaden is to create new apartments in Copenhagen.

Heimstaden Continues to Buy in Copenhagen

Denmark Denmark — Heimstaden, through its Danish subsidiary Heimstaden Danmark A/S, entered into an agreement to acquire an ongoing construction project in Copenhagen.

Moves Headquarters to Helsinki

Finland Finland — The technology group Wärtsilä has signed a long-term lease with Varma Mutual Pension Insurance Company to relocate its headquarter operations to the Salmisaari district of Helsinki.