Hanza to Convert Factory in Vaasa to Logistics and Service Center

Finland Finland — Hanza has decided to convert its standalone sheet metal factory in Vaasa, Finland, to a logistics and service center. The change will be part of a final phase of the acceleration program Frontrunner, which Hanza today announced will be completed in 2016.
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
Peter Wiman.

Sweden's Rise in E-Commerce Drives Demand for Logistics Space

Sweden Sweden — The strong growth in e-commerce in Sweden is creating huge demand for new warehouse and logistics properties, according to international real estate advisor Savills. In the first half of the year, the sector saw an estimated transactional volume of just below SEK 10 billion (EUR 1 billion). This is only about SEK 3.2 billion (EUR 330M) lower than the full year average for the last ten years, and is a strong indicator of investor appetite for logistic and warehouse properties in Sweden. Listed Swedish property companies have been the most active investors during 2016.
Flamingo Hotel.

Varma Commissions Expansion of Flamingo Hotel

Finland Finland — Varma has commissioned the construction of a hotel expansion in connection with the Flamingo entertainment centre in Vantaa’s Aviapolis area and will rent the new wing to Sokotel Oy under a long-term lease agreement. The expansion will house approximately 230 hotel rooms.

Niam Acquires 16,000 sqm Office Property in Copenhagen

Denmark Denmark — Niam has acquired a fully let office property with a lettable area of approximately 16,000 sqm for EUR28.1M (MDKK 209). The property is located in Borgervænget, in the northern part of Copenhagen, with close proximity to the train station and easy access to the city center as well as the main highway.
The planned retail park in Dal.

Plans for Large Retail Park North of Oslo

Norway Norway — The property company Dalkrysset is planning for to build a 30,000 sqm retail park along the E6 road in Dal north of Oslo worth MNOK 500 (EUR 56M).

Baltic Horizon Plans Follow-On Offering and Second Listing in Stockholm

Sweden Sweden — Baltic Horizon, a recently listed closed-end real estate fund is planning a follow-on public offering in Estonia and Sweden with possible offering also in Finland and Denmark, thus targeting a very wide regional investor base. The fund targets raising up to EUR 80M for its existing acquisition pipeline.

Trevian Divests a Portfolio of Twelve Daycare Properties

Finland Finland — Trevian Care II Ky, a real estate equity fund managed by Trevian Asset Management Oy, has on 29 September 2016 signed agreement to sell a portfolio comprising of twelve daycare property assets to Norwegian real estate company Pioneer Property Group. The size of the divestment is around EUR 22M.

YIT Sells Apartments Worth Over EUR 35M

Finland Finland — YIT has signed agreements on the sale of around 190 apartments to investors. The apartments will come to rental use and are located in different parts of Finland. The total value of the agreements is over EUR 35M.

Facebook Builds Giant Center in Odense

Denmark Denmark — Facebook has purchased land in Tietgenbyen in Odense, where the Internet giant will build a 184,000 sqm computer center, according to Fyens Stifstidende.

Nordea Launches Billion Fund Focusing on Århus

Denmark Denmark — Nordea Properties has created a new real estate fund to invest in commercial properties and apartments in Denmark’s second largest city, Århus.

New Pareto Company Purchases 34,000 sqm

Sweden Sweden — Mälaråsen AB, founded by Pareto Securities, purchases 34,000 sqm car sales facility for MSEK 875 (EUR 91M).

Profi Purchases 35,000 sqm from Stena

Sweden Sweden — Profi Fastigheter purchases Handenterminalen in Haninge from Stena Fastigheter.
Pål Ahlsén.

Akelius’ First Acquisition in Copenhagen

Denmark Denmark — Swedish Akelius has acquired three properties in central Copenhagen for the price of MDKK 321.5 (EUR 43M). Akelius plans to upgrade all of the apartments to First Class.
If-huset i Solna.

Capman Sells Landmark Office Building in Stockholm

Sweden Sweden — Capman Nordic Real Estate fund has agreed to sell Bergshamra Bro in Solna, Northern Stockholm, to Solnaberg Property AB, a company established by Catella. The price is MSEK 858 (EUR 89M).

Kungsleden Leases 2,000 sqm

Sweden Sweden — Kungsleden has signed a lease agreement with Granngården for 2,090 sqm retail space and 540 sqm land in the property in Nyköping.
Daniel Anderbring.

Exceptionally High Sales in First Three Quarters

Sweden Sweden — In Sweden, property transactions totalling SEK 134 billion (EUR 14 billion) were carried out during the first nine months of the year. This corresponds to a year-on-year increase of 31 precent.
Per Berggren.

Hemsö Acquires Property Portfolio in Nacka

Sweden Sweden — Hemsö has acquired a portfolio comprising a number of properties in Nacka Municipality in Stockholm. The investment totals approximately SEK 1.5 billion (EUR 155M).

SPG Purchases Health Care Property

Norway Norway — Scandinavian Property Group purchases (through its subsidiary SPG Omsorg) Hokksund Rehabiliteringssenter, encompassing 8,300 sqm.

Large Hotel Deal in Oslo

Norway Norway — Storebrand Eiendomsfond Norge purchases Scandic Fornebu from Koksa Eiendom and Utstillningsplassen Eiendom.

Danish Gambling Authority Leaves Copenhagen

Denmark Denmark — The Danish Gambling Authority moves from Copenhagen to Odense. The move is carried through as a part of the Danish state’s workplace relocation.
Henrik Saxborn.

Castellum Invests in Stockholm

Sweden Sweden — Castellum has started two new constructions in Smista area in Huddinge, Stockholm, where the total investment is calculated to MSEK 222 (€23M).

Nordisk Renting Acquires in Finland and Denmark

Nordic — Nordisk Renting enters into a new relationship with Posti Group and extends support to existing customers SAS and Mercedes-Benz.

Barings Acquires First Property in Finland for German Pension Fund

Finland Finland — Barings Real Estate Advisers, formerly Cornerstone Real Estate Advisers, has acquired the office and retail building "K25" in the Finnish capital Helsinki, acting on behalf of a German professional pension fund.

Skanska Builds Nedre Otta Power Plant in Norway

Norway Norway — Skanska has signed a contract with Eidsiva Vannkraft AS to build Nedre Otta power plant in the municipalities Sel and Vågå, Norway. The contract is worth MNOK 657M (€68M).

Credi: Property Sector Benefits from Brexit-effect

Sweden Sweden — In the September edition of the Swedish “Catella Real Estate Debt Indicator”, the property sector does not appear to have suffered from the Brexit vote. The property companies’ loan-to-value has increased while their average interest rate has fallen, and listed property companies have outperformed the stock market. However, although the Credi Main index increased from 41.0 to 42.5, the property debt financing market is still in contraction.