Norges Bank Makes Big NYC Acquisition.

Norges Bank Makes Big NYC Acquisition

Norway Norway — Norges Bank Real Estate Management has acquired a 48 percent interest in 375 Hudson Street in New York City, in joint venture with Trinity Church Wall Street and Hines.

YIT and Lemminkäinen Merger Approved

Finland Finland — The FIN-FSA has approved YIT's and Lemminkäinen's merger prospectus and granted exemption from the obligation to publish listing prospectus.
Tobias Alsborger.

NREP Sells for EUR 168M

Nordic — NREP secures the largest portfolio exit of necessity driven retail assets in Sweden in 2017 by selling a portfolio consisting of 11 assets and a total area of 63,500 square meters to Storebrand/SPP.

Hemfosa Acquires in Bergen and Sarpsborg

Norway Norway — Hemfosa Fastigheter has signed acquisition agreements for one property in Bergen with a large proportion of community services tenants, and one community service property in central Sarpsborg, with a total property value of EUR 31M.

JM Buys Property in Solna

Sweden Sweden — JM has signed an agreement with Capman to acquire land for 140 building rights. The deal is worth EUR 9M. Occupancy and payment are expected to be completed in the third quarter of 2017.

Finnish Lehto Expands to Sweden

Finland Finland — Lehto Group Plc has signed an agreement to establish a new subsidiary in Sweden. The name of the company will be Lehto Sverige.
Lindholm.

Calum Erects 500 Apartments in Lindholm

Denmark Denmark — The apartments encompass a total of 21,000 square meters and are located on Lindholm Brygge in Nørresundby, north of Aalborg.
Diös leaves Söderhamn.

Total Divestment in Söderhamn for Diös

Sweden Sweden — Diös divests four properties in Söderhamn of totally approximately 10,000 square meters, the company’s entire portfolio in the city.
Westermannsveita 4.

EG Dahls Eiendom Purchases in Trondheim

Norway Norway — EG Dahls Eiendom has purchased the neighboring property to Britannia in Trondheim, from Telenor’s pension fund.
Markedspladsen in central Hillerød.

Hotel and Apartments to Hillerød

Denmark Denmark — The project on Markedspladsen in central Hillerød will result in a living area of 10,200 square meters.

Niam Recruits in Finland

Finland Finland — Niam strengthens their Helsinki office with a Senior Director.
Persien 26.

Obos Divests for EUR 22M

Norway Norway — An Arctic syndicate has purchased Persveien 26 from Obos for EUR 22M.
Kasarmikatu 21.

Office Property Sold in Helsinki

Finland Finland — A property company owned by YIT Ahlström Capital and HGR Property Partners has signed a contract on the sale of the Kasarmikatu 21 office property to an international investor.
Häggvik Entré.

Alma Acquires Häggvik Entré

Sweden Sweden — Alma Property Partners acquires Stämpeln 1 in Häggvik adjacent to the E4 highway. The property will be developed to a modern retail area comprising approximately 30,000 square meters.

K/S Lahti Sells Retail Property

Finland Finland — K/S Lahti has sold a retail property in Lahti to VVT Property Fund I Ky, a property fund managed by VVT Kiinteistösijoitus Oy.

NCC to Build Car Showroom for Castellum

Sweden Sweden — NCC has initiated a partnering arrangement with Castellum to build a car showroom of slightly more than 25,000 square meters in Huddinge, south of Stockholm. The project is a turnkey contract and the order value is approximately EUR 29M.  

SPG Makes More Purchases in Sweden

Norway Norway — Scandinavian Property Group (SPG) has purchased a plot in Haninge municipality where they will build 230 apartments.
The cost of the properties is EUR 11M.

Castelar Corporate Finance Syndicate Purchases Car Real Estate

Norway Norway — The cost of the properties in Trøndelag is EUR 11M.
Solna United.

Skanska Leases 5,000 sqm in Solna United

Sweden Sweden — Arla Foods will move their headquarters to Skanska’s project Solna United in Arenastaden, Solna.
Robert Treutiger joins Savills.

Treutiger New Head of Transactions at Savills

Sweden Sweden — Savills has recruited Robert Treutiger from Colliers to become the new head of the company’s transaction team.

Capman Exits Two Office Buildings in Helsinki

Finland Finland — Real estate funds managed by Capman have sold two office buildings located at Elimäenkatu 9 and 15 in Vallila, Helsinki, to Areim Fund III.

Newsec Acquires Danish Datea

Denmark Denmark — Newsec buys Datea, Denmark’s market leader within commercial real estate. The selling company, Dades, remains one of the biggest clients.

Barings Buys Housing in Finland

Finland Finland — Barings Real Estate Advisers announces that it has acquired a EUR 43M portfolio of seven residential properties in Finland from Varma. Following this acquisition, Barings’ first in the residential sector in Europe, the firm now manages more than EUR 844M of real estate assets in the Nordics.

Blackstone Takes Over Sponda

Finland Finland — Blackstone and Areim now control 98,8 percent of the shares in Finnish Sponda.

Cross-Boarder Investment in Nordics Surges 23 percent

Nordic — Cross-border investment into Europe's Nordic countries rose to EUR 5.5 billion in the first half of 2017, 23 percent up on the same period in H1 2016. This represents a 29 percent share of the total volume invested in the Nordics in the year to date, according to research by international real estate advisor Savills.