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.

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.

Fabege Investing EUR 97M in Sundbyberg

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

Heimstaden Acquires 28 Properties in Ystad

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

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).

Changes in the SATO Management Team

Finland Finland SATO Corporation makes several changes in the management team.

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.

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.

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.

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.

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.

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).

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).

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.

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.

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.

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).

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.

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.

Varma Commissions Expansion of Flamingo Hotel

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.

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.

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.

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.

Capman Sells Landmark Office Building in Stockholm

If-huset i Solna.
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).

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.

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.

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.

Plans for Large Retail Park North of Oslo

The planned retail park in Dal.
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).