Karl Johansgate 12.

CBRE Global Investors Purchases Oslo Retail Properties

Norway Norway — CBRE Global Investors, announces the acquisition of Karl Johans gate 12, Oslo from Norwegian Lights A/S. The asset comprises two mixed use properties extending to 2,200 sq m of high street retail, a 181 bedroom city centre hotel and 2,700 sq m of offices with frontage on Karl Johansgate and Kirkegata.
Niam acquires from Skanska.

Skanska Sells Office Property in Vantaa to Niam

Finland Finland — Skanska has signed an agreement with Niam on the transfer of the office property Aviabulevardi I in Vantaa, Finland. The total value of the contract is EUR 36M. Skanska’s share of the deal excludes land and is worth EUR 31M.
SG Nordic acquires a large portfolio from Innovater.

SG Nordic Acquires a Large Portfolio from Innovater

Denmark Denmark — SG Nordic, previously known as Sinai Group, has acquired a large retail portfolio from Innovater A/S. The main tenants in the portfolio are Meny, Kiwi, Rema 1000 and Netto.

YIT to Construct Apartments Worth EUR 13M

Finland Finland — YIT has signed agreements on the construction of three residential projects in the capital region in Finland for a housing fund.

Genesta Divests Property in Helsinki

Finland Finland — Genesta has sold the office property Atomitie 5 located in Helsinki on behalf of Genesta’s fund GNBRE (Genesta Nordic Baltic Real Estate). The property was acquired by Areim Fund III.

Aarhus Arkitekterne Fully Integrated in Link Arkitektur

Denmark Denmark — Aarhus Arkitekterne A/S has now changed its name to Link arkitektur A/S, and has become a fully integrated part of the Scandinavian Link-family.

Citycon Sells Lade in Trondheim

Norway Norway — Citycon has signed an agreement to sell the non-core retail property Lade at the outskirts of Trondheim to Frost Holding AS. The purchase price amounts to approximately EUR 21 million (NOK 183 million), which is in line with the assets IFRS fair value.

Kungsleden divests 16 properties for EUR 45M

Sweden Sweden — Kungsleden continues to concentrate its property holdings to prioritised growth markets and divests 16 properties for EUR 45M. With this, Kungsleden leaves another seven municipalities.

Sagax Makes Double Acqusitions in Helsinki

Finland Finland — Sagax has acquired a property in Vantaa, close to the airport in metropolitan Helsinki, of 6,600 sqm lettable area and 17,000 sqm freehold land area. At the same time Sagax acquires a property in Helsinki with 2,200 sqm lettable area.
CBRE Global Investors acquires Bromma Blocks.

CBRE Global Investors Acquires Bromma Blocks from Starwood

Sweden Sweden — CBRE Global Investment Partners (CBRE GIP) announced today the acquisition of Bromma Blocks, Stockholm, for an undisclosed amount. The acquisition was completed on behalf of the CBRE GIP European Co-Investment Fund (ECF), the firm’s European value add program, in a joint venture with Vencom. The seller was a controlled affiliate of Starwood Capital Group.

Klövern and Castellum Makes Major Swap

Sweden Sweden — In a deal with Castellum, Klövern acquires nine properties in Mölndal and Partille, and divests all of Klövern's 14 properties in Borås. Transfer of possession will be on April 1st 2017.
Glostrup.

Duras Divests Apartment Building in Copenhagen

Denmark Denmark — The purchase price amounted to EUR 9M and now multiple large projects are planned.

Ancore Purchases from Unibail in Örebro

Sweden Sweden — Ancore, owned by Ica Fastigheter and Alecta, purchases parts of Eurostop in Örebro from Unibail-Rodamco.
Kronprinsesse Märthas plass 1.

Prestigious Building Sold

Norway Norway — City Finansiering AS has purchased 50 percent of Kronprinsesse Märthas plass 1 in Oslo.
TH Real Estate Acquires 50 percent of Kamppi

TH Real Estate Acquires 50 percent of Kamppi

Finland Finland — TH Real Estate has agreed to acquire a 50 percent stake in the Kamppi Centre, a prime shopping centre located in Helsinki, Finland from Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund, thereby creating a 50:50 joint venture partnership between Allianz and TH Real Estate. The 50 percent stake, which values the centre at over EUR 500M, is to be acquired on behalf of TH Real Estate’s flagship pan-European investment vehicle, the European Cities Fund, which was launched in 2016.

SRV Constructs Housing Units for Localtapiola

Finland Finland — SRV will construct 528 rental housing units for Localtapiola in the Helsinki metropolitan area, Turku and Jyväskylä.
Gardermoen Campus .

Hemfosa Buys from Aspelin Ramm

Norway Norway — Hemfosa acquires the remaining holding of 35 percent in the existing Gardermoen Campus Utvikling AS, GCU, which has been a joint venture with the property development company Aspelin Ramm Eiendom AS.
Østensjøveien 27.

Avignon Capital Sells Office Building in Oslo

Norway Norway — Avignon Capital and its Norwegian partner Clarksons Platou Real Estate has sold Østensjøveien 27 in Oslo for EUR 61M to Malling & Co Eiendomsond AS.

Bonava Creates Neighbourhood in Uppsala

Sweden Sweden — Bonava has concluded an agreement for the acquisition of the Broccolin property block with 200 housing units from Gillöga.

Danish Pension Funds to Invest Heavily in Real Estate in the Years to Come

Denmark Denmark — The ten largest Danish pension funds own properties worth more than DKK 200 billion (EUR 27 billion). Within three to five years they’re planning to keep purchasing for over DKK 60 billion (EUR 8.07 billion) according to a survey conducted by Estate Media.

NCC to Expand Hospital in Jönköping

Sweden Sweden — NCC has been commissioned to plan an expansion and modernization of the Ryhov County Hospital in partnership with Region Jönköping County. The order value is an estimated EUR 85M.
The terminal will be completed in 2018.

YIT to Construct Terminal for Posti in Vantaa

Finland Finland — YIT has signed a contract with Posti to carry out a terminal project in Viinikkala, Vantaa, Finland. The construction of the terminal property of 26,000 square metres is intended to begin in March and it will be completed in summer 2018.

Skanska Renovates the Olympic Stadium in Helsinki

Finland Finland — Skanska has signed a contract with the City of Helsinki for the renovation of the Olympic Stadium in Helsinki, Finland. The contract is worth EUR 156M.
Tobaksmonopolet 2.

CBRE Acquires Iconic Office in Sweden

Sweden Sweden — CBRE Global Investors, on behalf of its clients, announces the acquisition of an iconic office property, Tobaksmonopolet 2, in Södermalm in Stockholm. The asset was sold by Aberdeen.

JM Acquires Development Property in Oslo

Norway Norway — JM acquires a development property where the company can develop around 660 residential units in Groruddalen in northeast Oslo. The purchase price is EUR 21M.