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Jenny Jonsson, CEO of Byggvesta, and Camilo Bossi, business area manager for housing at Bonnier Fastigheter.

Byggvesta and Bonnier Fastigheter splits JV: "Better get cash flows directly"

Sweden Sweden — Bonnier Fastigheter and Byggvesta have announced that the collaboration in the rental development and joint venture JV company Hållbo has ended - after five years instead of seven, as was intended. Nordic Property News has spoken to the parties about why they broke up prematurely.
TOP 4 Nordic
Joakim Arvius, CEO Colliers Sweden.
Nordic Nordic —
Nordic rebound in 2024 as deal volume increased by 25 percent
Torben Bjørk Nielsen from Hoffmann A/S and Signe Primdal Lyndrup from the Norwegian Building Authority have signed a four-year strategic framework agreement.
Nordic Nordic —
Veidekke in agreement on strategic cooperation with the Danish Building Agency
Nils Styf, CEO of Hemsö.
Nordic Nordic —
"Hemsö have a strong investment pipeline"
The property acquired in France.
Nordic Nordic —
Areim’s and VGP’s joint venture closes its second acquisition in Europe
The property Bylingen 1 in Stockholm, commonly referred to as the MTG Building.

How Alma and Atell want to develop the MTG building

Sweden Sweden — Alma and Atell join forces and acquire the so-called MTG building on Södermalm in Stockholm. Mikael Pehrsson, Partner at Alma Property Partners, and Anna Reuterskiöld, Founding Partner at Atell, explain what attracted them to the property, why they chose to work together, how the division of labor in the partnership will look like, and the consideration that has been given to the situation of tenant Viaplay.
Pictet Alternative Advisors and Viga complete the largest single-asset residential real estate transaction in the Nordics in 2024 and one of the largest in Europe.

Pictet and Viga make major residential acquisition

Denmark Denmark — The acquisition of Project Gateway comprised by 534 residential units and 15 commercial units distributed across a total of circa 37,150 sqm, marks the first transaction in a new Joint Venture setup between Pictet Alternative Advisors and Viga.
The property Tobaksfabriken (The Tobacco Factory) in Stockholm.

AMF Fastigheter acquires another office property in central Stockholm

Sweden Sweden — AMF Fastigheter continues to grow in the Södermalm area of Stockholm and buys the iconic Tobaksfabriken. The company previously owned the neighboring property Tobaksmonopolet, which is full of creativity and is home to designers, furniture manufacturers and interior designers, among others. The seller is a fund managed by CBRE Investment Management and the purchase price amounts to just over SEK 1.5 billion (EUR 131 million).
Christian Fredrixon, CEO of Cibus.

Cibus expands in Denmark – buys large portfolio from ATP

Denmark Denmark — Cibus enters into an agreement for the acquisition of 31 grocery stores in Denmark for a purchase price and an underlying property value of MDKK 879, corresponding to circa MEUR 118.
Maria Björklund in front of Urban Escape. The image is a montage.

AP7's targets for the property portfolio – after the new investment in Urban Escape

Sweden Sweden — AP7 is taking a new step in its real estate investment and purchasing an additional stake in Urban Escape for approximately SEK 3.57 billion (EUR 311 million). Maria Björklund, Portfolio Manager within real estate at AP7, tells Nordic Property News about her view on future real estate investments, how she wants to build her portfolio and the development of the partnership with AMF.
Nils Styf, CEO of Hemsö.

"Hemsö have a strong investment pipeline"

Nordic — Hemsö sells – and gets an influx of capital to spur further growth. CEO Nils Styf tells Nordic Property News about the deal being made with the JV Lanthem and how and where they want to continue growing after the large capital injection from the owners.
Joakim Arvius, CEO Colliers Sweden.

Nordic rebound in 2024 as deal volume increased by 25 percent

Nordic — Following two years with significantly declining transaction volumes , this year was equipped for a strong recovery on the back of improved macroeconomy and financing markets. To some extent that played out, although unevenly across the region, according to Nordic property advisor Colliers.
The C.F. Møllers Have apartment building in Copenhagen is now changing ownership from Skanska to Home Earth Group.

Skanska sells residential for EUR 70 million

Denmark Denmark — Skanska has sold the C.F. Møllers Have apartment building in Copenhagen, Denmark, for approximately EUR 70 million. The buyer is Home Earth Group Holding A/S.
Torben Bjørk Nielsen from Hoffmann A/S and Signe Primdal Lyndrup from the Norwegian Building Authority have signed a four-year strategic framework agreement.

Veidekke in agreement on strategic cooperation with the Danish Building Agency

Nordic — Veidekke's Danish subsidiary Hoffmann A/S has signed a contract with the Danish Building Authority for a strategic framework agreement for turnkey contracts. The agreement, which is valid from 2025, has a duration of four years and an expected total volume of DKK 6 billion.
Malmö.

Yield and rental expectancy for Sweden's major cities

Sweden Sweden — Yield and rental levels in Sweden's three largest cities remain at the same levels, but more people believe in slowing development over the next twelve months in SEPREF's consensus forecast.
The plan is for 350 homes in Solna, when the dilapidated office building Byggmästaren 2 is demolished. Martin Eliasson is the chairman of the building committee in the city of Solna.

The property sold from bankruptcy estate

Sweden Sweden — Titania is buying the property Byggmästaren 2 in Solna from Parkgate's bankruptcy estate. The purchase price is EU 13.1 million. It seems about time for a new owner to take over from Oscar Engelbert's, founder of Oscar Properties, company Parkgate, if you ask Martin Eliasson, chairman of the building committee in the city of Solna, as the property has been abandoned for five years and has become a dangerous place in the area.
Urban Escape.

AP7 increases its stake in Urban Escape

Sweden Sweden — In May 2023, AMF and AP7 agreed to co-own the city district Urban Escape, which includes Gallerian. The deal, which was then classified as the largest real estate deal of the year, was the start of a strategic partnership with the aim of creating even more value for Sweden's pension savers. Now, the collaboration is further strengthened with AP7 exercising its option to acquire an additional 16.6 percent of the shares in the company.
The property acquired in France.

Areim’s and VGP’s joint venture closes its second acquisition in Europe

Nordic — The Nordic fund manager and property owner Areim and VGP, a developer and operator of high-quality logistics and semi-industrial real estate, have closed their second acquisition in their 50:50 joint venture. The acquisition consists of four assets in four different logistics parks across Germany, France, the Czech Republic and Slovakia. The total lettable area amounts to 114,000 square metres and the portfolio is fully let.
Stopp Tune.

Citycon sells shopping center in Norway

Norway Norway — Citycon divests Stopp Tune shopping center in Sarpsborg reaching EUR 354 million in divestments year to date.
On the left, Vasakronan's regional manager Kristina Pettersson Post and on the right, Wallenstam's deputy CEO Marina Fritsche

The companies' outlook on the potential office shortage

Sweden Sweden — Recently, a report was published by the West Swedish Chamber of Commerce on Gothenburg's office market, which states that if all currently planned office projects are completed, there is still the risk that the amount of office space it adds will not be able to meet the future need. How do the companies view that risk and the challenges of the office market? Wallenstam and Vasakronan gives their outlook on the office market.
Patrick Andersson.

Leaves the advisory side for the ownership side: "A broader spectrum"

Sweden Sweden — Svenska Hus strengthens its team with Patrick Andersson, who will be responsible for transactions and financing. He tells Nordic Property News about the step from the advisory side to ownership side, his view of Svenska Hus as a company, the advantage of a combined transaction and financing role and how he sees the transaction market going forward.
The property Bylingen 1 in Stockholm, commonly referred to as the MTG Building.

Alma and Atell acquire a modern office building in Stockholm

Sweden Sweden — Alma Property Partners has, together with Atell, acquired the property Bylingen 1, located on Södermalm in Stockholm, from Deka Immobilien. The property comprises 14,200 sqm of lettable area and features modern office space with Viaplay Group as the main tenant.
Gardermoen business park.

OAC and Nrep announce major partnership at Gardermoen

Norway Norway — Oslo Airport City (OAC) and Nrep’s logistics platform, Logicenters, have entered into a joint venture and partnership agreement to develop OAC’s logistics park in Gardermoen business park (Ullensaker municipality) The collaboration involves a land bank of approximately 480,000 sqm gross area, with 353,000 sqm designated as developable land. The area was fully zoned earlier this summer.
The new Novo Nordisk facility in Odense.

Novo Nordisk invests in new production facility

Denmark Denmark — Novo Nordisk invests DKK 8.5 billion (EUR 1.14 billion) in new production facility in Odense.
Christina Heikel, urban development manager at the West Swedish Chamber of Commerce. In the background the illustration of Framtidens Backaplan in Gothenburg.

"The lack of office space in Gothenburg will inhibit growth"

Sweden Sweden — In a new report from the West Swedish Chamber of Commerce, it is stated that despite the high vacancy rate in Gothenburg's office market, the upcoming projects are far from sufficient to cover the upcoming need. Within ten years, the Gothenburg region may have a growth-limited office shortage in Gothenburg, says Christina Heikel, urban development manager at the Chamber of Commerce.
Elias Georgiadis, CEO Stenhus.

Stenhus on the list change at Nasdaq: "We are hungry and will be seen more"

Sweden Sweden — On Wednesday, Stenhus will ring the bell on Nasdaq's main list. Elias Georgiadis, CEO, is convinced that this will increase investment pressure and give the company more muscle on the transaction market: “We are eager to buy after two years of reorganization!”
Firdo.

Skanska invests EUR 90 million in a new office project in Helsinki

Finland Finland — Skanska invests EUR 90 million in a commercial development project in Helsinki. The 14-storey building called Firdo will have approximately 15,000 square meters of transformable and modern office space. The construction contract is worth EUR 55 million, which will be included in the Nordic order bookings for the fourth quarter of 2024.
Mikael Hultqvist.

Mikael Hultqvist appointed new SVP Property Management at Pandox

Sweden Sweden — Mikael Hultqvist is leaving his position as CEO of Serneke Sweden to become SVP Property Management with overall responsibility for property management and property development at Pandox. He will be part of Pandox's group management and will begin his employment no later than June 2025. In connection with Mikael Hultqvist leaving Serneke, Miikka Suominen from the new owner company Mutares will take over as acting CEO.
Per Nilsson.

Prisma strengthens its management team

Sweden Sweden — On January 1, 2025, Prisma Properties' in-house property management team will take over responsibility for the company’s Swedish property portfolio. In connection with this, Per Nilsson, Prisma's Head of Property Management, will join the management team.