SBB makes first acquistion in Norway.

SBB's First Norwegian Acquistion

Norway Norway — Samhällsbyggnadsbollaget (SBB) has aqcuired the company’s first property in Norway. The property is of 26,000 sqm. It’s newly renovated and has the Norwegian State as tenant.
The View.

Skanska Invests EUR 60M in Apartment Building in Nacka Strand

Sweden Sweden — Skanska is, together with its joint venture partner Carlyle, investing a total of EUR 120M in the apartment building The View in Nacka Strand, Sweden.
Värmdö marknad.

Alecta Acquires Retail Park in Stockholm

Sweden Sweden — Alecta has acquired the 25,000 sqm retail park Värmdö marknad in Stockholm from Genesta.
The new logistics centre in Vantaa.

YIT to Construct New Logistics Centre in Vantaa

Finland Finland — YIT has signed a contract with Wihuri to carry out a new logistics centre project for Wihuri Oy Aarnio. The office and logistics property of 25,000 square metres is located in K3 Logistics business area, developed by YIT, in Viinikkala, Vantaa, Finland between the Ring Rail Line, Ring III and Runway 3. Due to its central location and a diverse selection of plots, the area offers opportunities for large logistics solutions.

NCC to Construct Sports Arena in Oslo

Norway Norway — NCC will build the Nye Jordal Amfi sports arena in Oslo. The order is worth EUR 46M.

Changes in the SATO Management Team

Finland Finland — SATO Corporation makes several changes in the management team.
Volvo sells 338 000 sqm.

Volvo Divests Property Portfolio for EUR 279M

Sweden Sweden — The Volvo Group has signed an agreement regarding the sale of properties in Gothenburg, Sweden. The transaction price amounts to SEK 2.7 bn (EUR 279M) on a debt free basis and the divestment results in a capital gain of SEK 1.4 bn (EUR 145M), which is expected to impact Volvo’s operating income by the corresponding amount in the fourth quarter of 2016.

Heimstaden Acquires 28 Properties in Ystad

Sweden Sweden — Heimstaden has signed an agreement to acquire 28 properties in Ystad owned by HP Holding AB.

NCC to Develop Four Apartment Buildings in Turku

Finland Finland — NCC will develop and build four apartment buildings with approximately 200 apartments and a parking garage in Turku.
DTZ acquires a property in Drammen from Oslo Areal.

DTZ Buys Drammen Property from Oslo Areal

Norway Norway — DTZ Realkapital Corporate Finance (RCF) has bought the property Greenland 34 from Oslo Areal for MNOK 170 (EUR 19M). The office property on 6,700 sqm has a very central location in Union Brygge in Drammen. The property is fully leased to Sykehuspartner and Gjensidige.

M7 Acquires Finnish Portfolio

Finland Finland — M7 Real Estate has a acquired a Finnish portfolio comprised of twelve buildings, totaling 63,935 sqm, from Real Estate Fund Finland I (REFF I). The portfolio is part of a EUR 200M investment across Europe.
Petter Stordalen.

Petter Stordalen to Open Major New Hotel at Arlanda Airport

Sweden Sweden — Petter Stodalen’s Nordic Choice Hotels will be the operator of a major new hotel at Stockholm Arlanda Airport. The hotel is expected to have about 460 rooms and will be a modern alternative to business hotels at the airport that offers everyday luxury. The hotel is an important piece of the puzzle in the construction of the new airport city.
Åboulevarden 11 & 13.

Pension Danmark Buys Another Property in Aarhus

Denmark Denmark — Pension Danmark has acquired a commercial property in Aarhus for MDKK 151 (EUR 20M). It is Pension Danmark's fourth direct investment in Aarhus.
Novozymes' new campus.

NCC to Construct Novozymes' New Campus

Denmark Denmark — NCC has been commissioned by the pharmaceutical company Novozymes to construct a modern campus – a center for biotechnology research and business development – north of Copenhagen, Denmark. The order is worth approximately MSEK 865 (EUR 89M).
Casper Tamm.

SSM Appoints Casper Tamm as Director of Finance

Sweden Sweden — SSM Holding is complementing and strengthening its management team by appointing Casper Tamm as its new Director of Finance.
Rutger Arnhult

Klövern Acquires Properties from Castellum for EUR 94M

Sweden Sweden — Klövern acquires 21 properties in Malmö and 7 properties in Lund for MSEK 910 (EUR 94M). Of these in total 28 properties, 9 are site leaseholds. The property portfolio encompasses in total 114,000 sq.m. of lettable area, whereof Malmö accounts for 88,000 sq.m. and Lund 26,000 sq.m. The seller is Castellum.
Grand Central Sundbyberg.

Fabege Investing EUR 97M in Sundbyberg

Sweden Sweden — Fabege is investing MSEK 944 (EUR 97M) on a major redevelopment/extension project in Sundbyberg in Stockholm.

Standard Life Buys 14 Properties for EUR 65M

Nordic — Standard Life buys 14 properties in Denmark and Sweden from Odin Holding. The price is MDKK 485 (EUR 65M). The properties have Toys R Us as main tenant.

Impairment Losses for NCC's Projects in Norway

Norway Norway — The management teams of the new business areas NCC Building and NCC Infrastructure have analyzed NCC’s Norwegian construction and civil engineering operations, which has resulted in the recognition of impairment losses totaling MSEK 290 (EUR 30M) in the third quarter. NCC’s operating profit for the third quarter is estimated at MSEK 503 (EUR 52M) (MSEK 720/EUR 74M) for the Group, net sales at SEK 13.6 billion (EUR 1.39 billion) (SEK 13.3bn/EUR 1.36bn) and orders received at SEK 12.6 billion (EUR 1.29 bn) (SEK 10.1bn/EUR 1.04bn).

New Major Owner in NP3

Sweden Sweden — Sagax divests three properties to NP3 and will be paid in new shares. Sagax are therefore the fourth largest owner in NP3.

Willhem Acquries Apartments from Akelius for EUR 287M

Sweden Sweden — Willhem has entered into agreements to acquire a total of 1 763 rental apartments in Halmstad and Eskilstuna. The deal is growing Willhem in attractive Mälardalen and will be the largest private residence operator in Halmstad. Sellers are Akelius. The transaction price is SEK 2.8 billion (EUR 287M).
Simon de Château.

Alma Buys Industrial and Retail Properties in Southern Sweden

Sweden Sweden — Alma Property Partners has acquired a portfolio of four industrial and warehouse assets comprising approximately 40,000 sqm in southern Sweden. The company has also acquired to retail properties in Växjö’s leading external retail area Samarkand.

Fabritius Acquires Logistics Property from Pareto

Norway Norway — Fabritius Gruppen has bought a logistics property in Frogner in Oslo from Pareto. The transaction cost is approximately MNOK 200 (EUR 22M).

PFA Invest Large Sum in 300 Apartments in Aalborg

Denmark Denmark — PFA Ejendomme has signed an agreement to buy three building sites in Aalborg's new district Østre Havn. The company will invest several hundred million DKK.
Residential units in Copenhagen.

Heimstaden Acquires 105 Residential Units in Copenhagen

Denmark Denmark — Heimstaden AB has, through its Danish subsidiary Heimstaden Danmark A / S, have entered into an agreement to acquire a portfolio of 105 residential units in the area of Frederiksberg in Copenhagen.