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).

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.

Large Hotel Deal in Oslo

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

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.

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).

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.

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).

SPG Purchases Health Care Property

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

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.

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.

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).

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).

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.

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.

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.

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.

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.

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. 

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.

Tristan Fund Buys Swedish Retail Portfolio

Viksjö centrum.
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.

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).

Humlegården Launches Large Solna Project

The Grow 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.

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.

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.

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.