Avignon Capital Sells Office Building in Oslo

Østensjøveien 27.
Norway Norway Avignon Capital and its Norwegian partner Clarksons Platou Real Estate has sold Østensjøveien 27 in Oslo for EUR 61M to Malling & Co Eiendomsond AS.

Bonava Creates Neighbourhood in Uppsala

Sweden Sweden Bonava has concluded an agreement for the acquisition of the Broccolin property block with 200 housing units from Gillöga.

SRV Constructs Housing Units for Localtapiola

Finland Finland SRV will construct 528 rental housing units for Localtapiola in the Helsinki metropolitan area, Turku and Jyväskylä.

Gardermoen Campus .

Hemfosa Buys from Aspelin Ramm

Norway Norway Hemfosa acquires the remaining holding of 35 percent in the existing Gardermoen Campus Utvikling AS, GCU, which has been a joint venture with the property development company Aspelin Ramm Eiendom AS.

Danish Pension Funds to Invest Heavily in Real Estate in the Years to Come

Denmark Denmark The ten largest Danish pension funds own properties worth more than DKK 200 billion (EUR 27 billion). Within three to five years they’re planning to keep purchasing for over DKK 60 billion (EUR 8.07 billion) according to a survey conducted by Estate Media.

The terminal will be completed in 2018.

YIT to Construct Terminal for Posti in Vantaa

Finland Finland YIT has signed a contract with Posti to carry out a terminal project in Viinikkala, Vantaa, Finland. The construction of the terminal property of 26,000 square metres is intended to begin in March and it will be completed in summer 2018.

NCC to Expand Hospital in Jönköping

Sweden Sweden NCC has been commissioned to plan an expansion and modernization of the Ryhov County Hospital in partnership with Region Jönköping County. The order value is an estimated EUR 85M.

CBRE Acquires Iconic Office in Sweden

Tobaksmonopolet 2.
Sweden Sweden CBRE Global Investors, on behalf of its clients, announces the acquisition of an iconic office property, Tobaksmonopolet 2, in Södermalm in Stockholm. The asset was sold by Aberdeen.

Kaldnes Vest.

Large Deal in Vestfold

Norway Norway The development project Kaldnes Vest in Tønsberg and Hotel Klubben have a new owner.

Vitaminveien 1.

Realkapital Corporate Finance Purchases on Storo

Norway Norway Realkapital Corporate Finance has purchased the Vitaminveien 1 property for EUR 59M from OBOS Forretningsbygg.

Fridhem and Patriam Purchases in Stockholm

Sweden Sweden Fridhem and Patriam has through a jointly owned company, Karlbergsvägen 77 Fastighets AB, purchased the Kadetten 29 property in central Stockholm from Scandinavian Property Group.

Aarsleff Constructs Headquarters for Carlsberg

Denmark Denmark Aarsleff will construct a 15,500 sqm headquarters for Carlsberg in Copenhagen.

JM Acquires Development Property in Oslo

Norway Norway JM acquires a development property where the company can develop around 660 residential units in Groruddalen in northeast Oslo. The purchase price is EUR 21M.

Catella: A Strong Year for Property Investments in Finland Ahead

Finland Finland The new Catella Market Indicator Finland spring 2017 has now been published. The real estate transaction volume last year exceeded the previous record in Finland, and it seems like the market will remain very active also in 2017. 

Eskilstuna Purchase for SBB

Sweden Sweden SBB has purchased two industrial/development properties in Eskilstuna for EUR 5M.

New Hotel to Helsinki Airport

Scandic will open in 2018.
Finland Finland Scandic will open a new hotel at Helsinki Airport in early 2018.

Mikael Söderlundh.

Pangea: Nordic Real Estate Still Trending Positive

Nordic The Nordic property markets will continue to perform well, according to the new report Real Estate Outlook 2017 produced by Pangea Property Partners.

Heimstaden Acquires Three Development Properties in Copenhagen

Denmark Denmark Heimstaden has, through its Danish subsidiary Heimstaden Danmark A/S, have entered into agreements to acquire three real estate projects in Copenhagen for a total of 265 apartments and 2,500 square meters of space. At the same time Heimstaden acquires residential apartments in Falköping in Sweden.

D Carnegie Acquires Portfolio from Balder

Sweden Sweden D Carnegie has entered into an agreement to acquire residential property portfolios in Arboga, Köping and Tranås. The seller is Balder. The property portfolios comprises 42 properties and 1,681 apartments. The agreed property value is SEK 1.42 billion (EUR 150M) and the purchase price amounts to SEK 1.04 billion (EUR 110M). The transaction is a share deal with closing on May 2, 2017.

Catella’s New Parking Fund Makes Its First Investment in Copenhagen

Denmark Denmark Munich-based investment manager Catella Real Estate has acquired a parking garage with 360 parking spaces in Copenhagen for its newly launched open-ended real estate special AIF, Catella Parken Europa. The property is leased to the well-known car park operator Apcoa on a long-term basis. 

NRP Makes Logistics Acquisition

Norway Norway NRP has bought a logistics property of 25,800 sqm between Oslo and Gardenmoen Airport.

Hämeentie 11.

JP Morgan Sells Landmark Property in Helsinki

Finland Finland Genesta acquires the 11,200 square metre large landmark office property Hämeentie 11 located in Sörnainen, Helsinki, on behalf of its fund GNRE Fund II. The seller is a fund managed by JP Morgan Asset Management.

YIT to Sell in Vantaa

Finland Finland YIT has signed an agreement to sell an office and logistics property to be constructed in Viinikkala, Vantaa, to Aberdeen European Balanced Property Fund, which is managed by Aberdeen Asset Management.

Joona Soumela.

M7 Continues European Expansion with a New Office in Helsinki

Finland Finland M7 Real Estate announces the further expansion of its European platform with the opening of an office in Helsinki and the appointment of Joona Suomela as Country Manager for Finland. This follows the recent investment of EUR 80M in the region on behalf of M7 European Real Estate Investment Parters IV bringing M7‘s AUM in the Nordics to circa EUR 286M.

Skanska to Construct New Building in Stockholm

Sweden Sweden Skanska has signed a contract with AMF Fastigheter to construct a new building for commercial and office premises in central Stockholm. The contract is worth about EUR 127M.

Barings Strengthens Nordic Asset Management Team

Finland Finland Barings Real Estate Advisers has appointed Lotta Lehtinen as Associate Director for asset management in Finland, to further support the company’s growth in the region following the appointment of Göran Bengtsson as Head of the Nordics in October last year.

The Ferdinand Boberg building.

High-Profile Property Sold in Central Stockholm

Sweden Sweden Castellum is planning to acquire Sabbatsberg 24 in Stockholm – the well-known Ferdinand Boberg building near Torsgatan, which housed Stockholm Vatten’s headquarters until last year. The acquisition rests on a final decision by the Stockholm City Council in March.

ELF Development enters the Swedish market.

ELF Development Enters the Swedish Real Estate Market

Sweden Sweden ELF Development has purchased 3 building plots in Malmö from Bonava. 200 residential units are expected to be constructed over 3 phases.