Ikea Is Close to EUR 1 billion Real Estate Sale to Pradera

Sweden Sweden — Ikea is close to selling 27 retail park surroundings to London based Pradera for approximately EUR 1 billion, according to Bloomberg. Three of the items in the portfolio are Swedish.
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
Laura hus in Carlsberg City.

Dades Makes Three Purchases

Denmark Denmark — Dades has had an active week of investments where they’ve made three purchases. They started by bying the commercial property Laura hus in the Carlberg City, then bought 65 residential appartments in Koge and finished, then acquired a retail portfolio in Roskilde.

Grosvenor Europe in Swedish Residential Push

Sweden Sweden — Grosvenor Europe is expanding its position in the Swedish real estate market with a new residential development strategy. The business, part of the privately owned international property group, Grosvenor Group, is looking at opportunities to develop residential accommodation in and around its existing assets, as well as considering new sites for residential development.

Posti Sells a Logistics Centre

Finland Finland — Posti has signed an agreement to sell a 74,000 square metre logistics warehouse property Pennala 2 to RBS Nordisk Renting. The property is located in Orimattila.

Stefan Wallander Joins NREP as Partner in Sweden

Sweden Sweden — NREP continues its expansion with hiring another partner for its Stockholm office. Stefan Wallander of MTG joins NREP.

Allianz Closes Its First Debt Transaction in Sweden

Sweden Sweden — Allianz Real Estate has closed a debt transaction in Sweden by providing a MSEK 690 (approx. EUR 73M) loan for the refinancing of the Bergvik shopping center in Karlstad. This also represents the first direct debt investment for Allianz Real Estate in Sweden and with Eurocommercial Properties.

SSM Strengthens Board of Directors with Experienced Names

Sweden Sweden — SSM has fortified its Board of Directors with a number of well-known and experienced people from the real estate and financial sectors. Bo Andersson, Per Berggren, Sheila Florell, Ulf Sjöstrand and Jonas Wikström were elected as new Board members at an extraordinary general meeting. Ulf Sjöstrand is one of the two founders of the company. Anders Jansson remains as Chairman of the Board. 

NPRO Makes Large Sale in Oslo

Norway Norway — Norwegian Property has entered into an agreement to sell Oslo property to Deka Immobilien. The agreed property value in the transaction is MNOK 506.5 (EUR 54.8M).
Erik Selin.

Balder Acquires Properties For More Than SEK 4 billion

Sweden Sweden — Fastighets AB Balder has entered into an agreement to acquire all the properties in the I.A Hedin Fastighet AB group from Anders Hedin Invest AB. The agreed value of the properties will amount to SEK 4.150 billion (EUR 434M) after completion of ongoing new and re-constructions. Balder also completes a directed issue of 3 million Class B ordinary shares, raising proceeds of approximately MSEK 690 (EUR 68M).

Skanska Invests in New Office Project in Helsinki

Finland Finland — Skanska invests €46M in a new office project in Helsinki, Finland, with a gross leasable area of 12,000 sqm.

Skandrenting Purchases in Täby

Sweden Sweden — Skandrenting, owned by Erik Selin, has purchased the electronics company Mycronic’s headquarters in Täby.

Large Klövern Share Divestment

Sweden Sweden — Arvid Svensson Invest, who prior to this deal was the largest shareholder in Klövern, divests B shares for approximately MSEK 900 (€ 94M). The major shareholder and CEO Rutger Arnhult purchases some of them.

Patrizia Purchases in Copenhagen

Denmark Denmark — German Patrizia purchases 177 apartments on Teglholmen in Copenhagen.
Viksjö centrum.

Tristan Fund Buys Swedish Retail Portfolio

Sweden Sweden — The EPI Special Opportunities 4 opportunity fund, advised by pan-European real estate investment manager Tristan Capital Partners, has acquired four local shopping centres in the Greater Stockholm region and a retail park in northern Sweden for a total of around MSEK 900 (€94 million) from a fund managed by Aberdeen Asset Management.

Magnolia Sells 262 Apartments in Eskilstuna

Sweden Sweden — Magnolia develops 262 apartments, now sold to Slättö. Property value at completion will be about MSEK 450 (EUR 47M). 

Veidekke and Anthon B Nilsen to Build in Oslo

Norway Norway — Veidekke's subsidiary Norske Stålbygg AS has signed a contract with Anthon B Nilsen Eiendom AS to build a combined warehouse and logistics building for Blomsterringen and Primafloor at Lahaugmoen outside Oslo. The value of the contract is MNOK 156 (EUR 16.8M) excluding VAT.

The Norwegian State Has Sold Shares in Entra

Norway Norway — The Norwegian State represented by the Ministry of Trade, Industry and Fisheries sold 30 million shares in Entra ASA for gross proceeds of NOK 2.49 billion (€ 269M).
Joachim Hallengren.

Bonava Sells Housing Project in Denmark

Denmark Denmark — Bonava has sold a housing project in Copenhagen, Denmark, to the property company Balder for approximately MSEK 224 (€23,5M). The project consists of 74 rental apartments.

The Tallest Wooden Building in the World

Sweden Sweden — Håbohus and Bjerking are responsible for the proposal of the 17 floor wood building that fits 55 apartments, offices and open areas.
The Grow project.

Humlegården Launches Large Solna Project

Sweden Sweden — Arbetsförmedlingen, Sweden's Public Employment Agency, will relocate their headquarters in 2019 to a newly built Humlegården project in Solna Strand. Arbetsförmedlingen rents 18,000 of the Grow project’s 25,000 sqm.

Apartment Building in Copenhagen Sold for Eight Figure EUR Sum

Denmark Denmark — An investment group from Jylland has sold an apartment building in the Northwest Copenhagen area.

Olav Thon Acquires Shopping Center in Norway

Norway Norway — Olav Thon Eiendomsselskap has signed letters of intent with Nordea Liv and Steen & Strøm regarding the acquisition of the company Åsane Storsenter in Bergen, Norway, for approximately NOK 2 billion (EUR 220M).

The Rental Residential Market is Buzzing in Finland

Finland Finland — This year will break the 2007 record number of major property transactions in Finland. The previous peak was brought on by international investors surging into the Finnish market as well as banks' lax lending policy. At that time, foreign investors accounted for approximately 60 percent of the sales volume, and loans amounted to as much as 70–90 percent of the transaction value. Now, foreign investors' share of completed transactions is approximately 20 percent and the loan-to-value ratio is 50–65 percent.

Nordic Property Shares Surge Post Brexit

Nordic — After the Brexit vote, Nordic property shares have strongly outperformed both the general stock market and European property shares, supporting the notion of property in the Nordic region as a safe haven.

NPRO Buys Sections in Oslo Property

Norway Norway — Norwegian Property has entered into an agreement to buy sections in Fondbygget from Watrium AS. The closing of the transaction will take place in September 2016, and the agreed purchase price is MNOK 204 (EUR 22.2M) net of compensation for the tax position.