AMF Fastigheter's CEO Thomas Erséus.

Thomas Erséus: "More rotation of AMF's properties in the future"

Sweden Sweden — Nordic Property News reporter on site in Cannes had a conversation with AMF Fastigheter's CEO Thomas Erséus about the state of the market, the status of the profile projects and what can await the company in the future, which may contain selling more properties.
The property Martin Linges vei 33 at Fornebu in Oslo.

Norwegian Property takes over Fornebu property

Norway Norway — Norwegian Property’s subsidiary, NPRO Holding AS, has taken over all shares in ML 33 Holding II AS as of 18 March 2024, which indirectly owns the shares in the company that owns the property Martin Linges vei 33 at Fornebu in Oslo. The shares have been taken over for NOK 1. NPRO Holding is 100 percent holder of junior bond loan extended to one of the Property's holding companies.
Balder.

Balder’s nomination committee proposes election of new Chairman of the Board

Sweden Sweden — The nomination committee of Fastighets AB Balder has completed its work ahead of the Annual General Meeting on 3 May 2024. The nomination committee proposes that Sten Dunér be elected as new Chairman of the Board and that Carin Kindbom be elected as new Board member. The nomination committee proposes that current Board members Fredrik Svensson, Anders Wennergren and Erik Selin be re-elected.
Alma Property Partners makes new appointments.

Alma Property Partners makes hires in Finland and Denmark

Nordic — Alma Property Partners has hired Nicolas Karkkolainen and Antti Salonen to the Finnish investment team in Helsinki and Gustav Bachmann to the Danish investment team in Copenhagen. The three new hires increase Alma's investment team to a total of twelve people.

The highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in 2023.
Rebecka Eidenert, CEO of SBS.

SBS Norden waives access to student housing in Copenhagen – as project is not yet completed

Denmark Denmark — Studentbostäder i Norden AB (SBS Norden) has agreed not to enter into the previously communicated acquisition of a new production project with 173 student housing in Copenhagen.
Helsinki.

Keva and Mrec Investment Management establish a new joint venture named Logian

Finland Finland — Keva and Mrec Investment Management have established a joint company named Logian, focusing on Finnish, advanced logistics, warehouse, and industrial properties. Mrec IM is responsible for the operational activities of the company.
Douglas Axelson and Jacob Hallberg.

After the Fastator deal – here is where the new JV is looking for more acquisition opportunities

Sweden Sweden — A newly formed joint venture company between R2 Fastigheter and Alhem Fastigheter buys a property in Nacka from Fastator. After the deal, Douglas Axelson, CEO of R2 Fastigheter, and Jacob Hallberg, CEO of Alhem Fastigheter, talk about the purchase in Nacka, how they want to develop the new joint company, the growth goals and where to look for new business.
Anette Frumerie, CEO of Rikshem.

Rikshem makes large community property divestment

Sweden Sweden — Rikshem sells 14 community properties in Sigtuna to Sigtuna municipality for SEK 785 million (EUR 70 million). The properties currently house LSS residences, preschools, schools and a nursing home. The deal is subject to a decision in the municipal council on April 25.
Fenderen.

Veidekke to build commercial buildings for CG Rieber Eiendom in Bergen

Norway Norway — Veidekke has entered into an agreement with GC Rieber Eiendom to erect an environmentally certified commercial building with Norconsult as the largest tenant.
Tommy Åstrand.

SLP's ambitions for the hot logstics market in Gothenburg

Sweden Sweden — SLP enters a new market with its first acquisition in Gothenburg – a deal that means the company achieves a series of milestones. CEO Tommy Åstrand tells Nordic Property News about the acquisition and how they want to grow in Gothenburg, as well as his view of the Gothenburg market and the milestones reached.
28&7.

Corem signs two lease contracts in New York

Sweden Sweden — Corem has signed two additional new lease contracts for a total of 1 234 sqm at the project property 28&7 in New York. The tenants, Chenel Capital and Superstate are both investment firms. Chenel Capital will move in on 807 sqm during the fourth quarter of 2024 and the lease term is five years. Superstate moved in on 427 sqm in the beginning of March and their lease term is three years.
SBB wants to acquire Riksbyggen's 30 percent in Unobo, according to Dagens industri.

SBB wants to Riksbyggen's share in the JV Unobo

Sweden Sweden — SBB intends to buy Riksbyggen out of the jointly owned company Unobo, a company that SBB has owned 70 percent of since 2021. This is evident from a notification to the Swedish Competition Authority, according to Dagens industri.

The companies with the highest ICRs

Nordic — Nordic Property News presents a list over the Nordic listed companies with the highest Interest Coverage Ratios for 2023.
Wihlborgs are set to buy a property from Malmö stad.

Wihlborgs set to buy property from the city of Malmö

Sweden Sweden — The Galoppen 1 property near Jägersro's race track was previously supposed to be assigned to Sagax, but now it is instead Wihlborgs who are close to buying the plot from the city of Malmö. The future tenant of the site is so far unknown, but it is reportedly a Nordic operator that is part of a global group. Nordic Property News reveals more about the upcoming transaction.

Top sellers in 2023

Nordic — Nordic Property News presents a list of the top sellers among the listed Nordic companies in 2023.
Klara Zenit.

Vasakronan rents 8,300 sqm in Stockholm city to Nasdaq

Sweden Sweden — Vasakronan has signed an agreement with Nasdaq, which rents a total of 8,300 square meters in the Klara Zenit property.
SLP acquires in Backa, Gothenburg.

SLP makes first acquisition in Gothenburg

Sweden Sweden — With today’s acquisition, SLP, which was founded five years ago, is carrying out its sixtieth transaction, which means that the portfolio now consists of 100 logistics properties, a total area of approximately 1 million square meters at a value of approximately SEK 10 billion. The acquisition is a so-called ”sale and lease back deal”.
Björn Rosengren, Acting CEO of Fastator.

Fastator/Point Properties sells property in Strömstad

Sweden Sweden — Fastator's company Point Properties sells the property Riddaren 1 in Strömstad to Hagabacken AB, for an agreed purchase price of SEK 62.65 million. The property is valued at SEK 63m Q4 2023.
Capman sells to SF FORE.

Capman sells residential property in Copenhagen

Denmark Denmark — Capman Nordic Property Income Fund sells Søllerødgade 15-19, a well-located modern residential property in Copenhagen to SF FORE.
Anthony Romano.

“There certainly is more activity and sense of optimism"

Denmark Denmark — Brunswick Real Estate and Pictet Alternative Advisors recently announced the divestment of the JV company Lindu Ejendomme to Blackstone. Anthony Romano, Country Head Denmark at Brunswick, tells Nordic Property News about the divestment, the work done on the Lindu portfolio, Brunswick’s plans for the Danish market going forward, the collaboration with Pictet and about his view on the state of the Danish market.
Erik Hävermark.

Sveafastigheter appoints Erik Hävermark as CEO

Sweden Sweden — The board of Sveafastigheter has appointed Erik Hävermark as CEO of Sveafastigheter. He assumes the role of CEO immediately with a continued focus on executing the plan for ownership diversification of Sveafastigheter in 2024. At the same time, previously appointed Martina Lous-Christesen also assumes the role of CFO.
Björn Rosengren, Acting CEO of Fastator.

Fastator divests shares in SBS Norden

Nordic — Fastator divests shares in Studentbostäder i Norden (SBS Norden) and resumes interest payments.
The nordic real estate companies' values after the Q4 bookends.

The most valuable real estate companies on the stock exchange

Nordic — A real estate year filled with worries and shaky future prospects, that is how 2023 can be summed up. Nordic Property News has taken a look at the companies' market capitalization after the flood of reports to see how much they are now worth on the stock exchange, and it is notable that a giant has regained first place and that a logistics heavyweight has made a jump up the list.
Magnus Berglund, Partner at CapMan Real Estate.

"Competition has decreased significantly"

Nordic — Magnus Berglund, Partner at CapMan Real Estate, sees that their funds will be able to make several acquisitions in a number of different segments in the future. At Mipim however, the image of the market is divided, but that does not necessarily have to be negative for their opportunities going forward.