Largest Nordic Transactions of H1 2018

Nordic An intense first half of 2018 is in the books. The Nordic countries are on pace to set a new transaction record. Nordic Property News has listed the ten largest transactions.

image

Why the Finnish Transaction Volume is Decreasing

Finland Finland Finland continues to be smoking hot on the real estate market. Despite this, the transaction volume has decreased by 48 percent compared to the first half of 2017. Mikael Söderlundh, Head of Research at Pangea Property Partners, tells Nordic Property News why the numbers are decreasing despite a continuously attractive market.

Magnolia Sells to Slättö

Sweden Sweden Magnolia Bostad signed an agreement for the sale to Slättö of around 650 residences in Bro, Upplands-Bro municipality. The value at completion is expected to amount to around EUR 113M.

Have a Great Summer!

Nordic Nordic Property News wishes all readers a pleasant summer! We'll be back with clear eyes and full hearts in a few weeks.

Herning Center Changes Owner

Denmark Denmark Danske Shoppingcentre, a JV between ATP Ejendomme and Danica Ejendomme, acquires Herning Center, making it their 17th Danish shopping center.

image

Technopolis Invests EUR 25M in Campus Expansion in Oulu

Finland Finland Technopolis has decided on a EUR 25M investment to expand its CBD campus in Oulu. Construction work is scheduled to start in July 2018, after receiving a building permit. The project is due for completion in March 2020. 

JM Acquires Property in Espoo

Finland Finland JM is acquiring a centrally located school property in Leppävaara, Espoo, in the Greater Helsinki area. The property’s detailed plan has gained final approval for 850 apartments.

”Our Ambition is to Become One of the Major Property Owners in Helsinki”

Finland Finland Castellum, one of Sweden’s largest listed real estate companies, makes their entrance into the Finnish market with a EUR 81M acquisition from Skandia. Henrik Saxborn, CEO of Castellum, tells Nordic Property News of the strategy to grow in more Nordic markets, how much they are looking to invest in Finland and why he believes a player like Castellum is missing in Helsinki.

Continued Swedish Interest in the Danish Market

Denmark Denmark Several Swedish investors have entered the Danish market lately and contributed to the Danish market has increased by 57 percent in transaction volume. Mikael Söderlundh, Head of Research at Pangea Property Partners, tells Nordic Property News about the Danish increase and why the Swedish interest in Denmark looks to remain high.

Ikano Sells to Trianon and Heimstaden

Sweden Sweden Ikano sells to Heimstaden and Trianon, which has signed an agreement to buy a property portfolio of a total of eight properties in Malmö and two properties in Lund. The portfolio comprises 388 apartments and a smaller number of commercial premises. The transaction price is EUR 69M.

image

Skanska Constructs Metro Station for EUR 51M

Finland Finland Skanska has signed a contract with Länsimetro Oy to build a metro station in Kivenlahti. The contract is worth EUR 51 M.

Pelican Sells Five Plants in Sweden

Sweden Sweden Pelican Self Storage divests five of their eleven plants in Sweden. The plants which are concerned are located in Västerås, Örebro, Linköping, Norrköping and Åkersberga. The buyer is Shurgard, who takes over the plants including employees and customers.

Peab Builds High-rise in Esbo

Finland Finland Peab has been commissioned to build a high-rise in the city of Esbo. The customer is the state-owned rental company A-Kruunu and the contract is worth EUR 15M.

Mikael Söderlundh.

Residential Dominates the Nordics

Nordic Residential has been the most substantial segment as the Nordic transaction market notes the second highest listing ever in the first six months of 2018. Mikael Söderlundh, Head of Research and Partner at Pangea Property Partners, tells Nordic Property News about the factors behind the rise of the residential market.

Elimäenkatu.

Why Cromwell Choses Finland over Sweden

Finland Finland After purchasing the Omega portfolio together in 2017, Cromwell and Goldman Sachs continue to do business together in Finland. They now purchase 27 properties from IVG Polar for EUR 108.5 million. Tomas Beck, Head of Nordics at Cromwell, tells Nordic Property News about the significance of the acquisition, the hunt for more investments in Finland and why he currently has a hard time seeing Sweden as an attractive investment alternative.