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The companies with the lowest ICRs

Nordic — Nordic Property News took a closer look at the companies' interest coverage ratio to find out how interest-sensitive they are. A third of the companies have an interest coverage ratio that is below the often used target set by many of 2.0. Almost as many are hovering close. Here is the full list.
TOP 4 Nordic
Nordic Nordic —
The companies with the lowest ICRs
Nordic Nordic —
Winners and losers on the stock market in November
Nordic Nordic —
List: The companies with the highest LTVs
Leiv Synnes, CEO of SBB.
Nordic Nordic —
The challenges for SBB causing CEO Leiv Synnes headache

Winners and losers on the stock market in November

Nordic — After a tough October, the stock market stabilized for the real estate and construction shares dropped significantly in November. Nordic Property News Nordic Property News presents the winners and losers on the stock exchange during October.
Klarabo buys in Helsingborg.

Rikshem sells to Klarabo

Sweden Sweden — Rikshem sells seven properties in Helsingborg to Klarabo. The deal includes 740 apartments with approximately 57,000 square meters of rentable area and is made at an agreed property value of SEK 850 million.
SLP acquires in Hallsberg and Nässjö.

SLP makes sale-and-leaseback transaction with Postnord

Sweden Sweden — SLP acquires two logistics properties with a property value of approximately SEK 470 million (EUR 41 million) from Postnord in a sale-and-leaseback transaction.
Posti moves to Ilmarinen's building.

Posti's head office returns to the historic Postitalo building

Finland Finland — Posti will return to its roots in the heart of Helsinki when the company's head office moves back to the historic Postitalo building in late 2025.
Henrik Olsson.

The segment Henrik Olsson keeps an eye on

Sweden Sweden — Coeli is strengthening its team by recruiting Henrik Olsson as the new Head of Real Estate Investments. He tells Nordic Property News about the new role at Coeli, how he sees the transaction market developing, which segment he is keeping an eye on and which markets he sees as interesting for investment.

List: The companies with the highest LTVs

Nordic — Lowering debt has been the focus of the real estate company for the past two years. Nordic Property News has taken a closer look at the listed companies' latest quarterly reports to find out what the loan-to-value ratio looks like. Here is the full list.
The residential project Mandelblomman.

Skanska makes SEK 530 million investment in residential project

Sweden Sweden — Skanska invests about SEK 530 million in the residential project Mandelblomman in Täby Park outside Stockholm. Mandelblomman consists of 156 apartments, 75 parking spaces in a garage and two premises.
Fennia Life sells to Corum.

Corem acquires Helsinki property from Fennia Life

Finland Finland — Fennia Life has sold a well-known medical center property to a fund managed by the French company Corum. Located at Raumantie 1a, Pihlajalinna Dextra Munkkivuori offers the most comprehensive private emergency services in the Helsinki metropolitan area, including pediatric emergency care, accident and emergency care, and general practitioner services.
Christian Wæver.

ALFA Development appoints new COO and Head of Development

Denmark Denmark — ALFA Development has hired Christian Wæver as COO (Chief Operating Officer) and Head of Development. He will join on December 1, 2024.
Leiv Synnes, CEO of SBB.

The challenges for SBB causing CEO Leiv Synnes headache

Nordic — In headwinds and tailwinds, SBB continues to increase stability, reduce debt and raise the property values. When CEO Leiv Synnes presents the results of the year's Q3 report, it is one headache that remains.
SBB.

The American giant continues to slash its SBB holdings

Sweden Sweden — Dumps shares and recudes its holding by 35 percent during Q3.
M7 and Centerbridge make JV-acquisition in Fredericia.

M7 makes Danish JV-acquisition with Centerbridge

Denmark Denmark — M7 acquires Snaremosevej 63-65 in Fredericia for European Industrial Outdoor Storage JV with Centerbridge.
The property Elementet 3 in Sollentuna.

Areim continues to grow its light industrial portfolio with acquisition from Castellum

Sweden Sweden — Areim has acquired four light industrial properties in Sollentuna Municipality, north of Stockholm, with approximately 20,000 sqm of lettable area from Castellum. The properties are located in the Edsberg industrial area. With this acquisition, Areim increases its light industrial portfolio in Greater Stockholm to roughly 125,000 sqm.
Jonas Grandér, CEO of Nordika.

Nordika becomes main shareholder in the grocery property platform Vendus

Sweden Sweden — Nordika invests SEK 400 million in the Swedish grocery property platform Vendus to become the main shareholder.

The companies with the highest vacancy rates in the Nordics

Nordic — Nordic Property News has taken a closer look at the listed Nordic companies' vacancy rates after Q3.

Passing of the torch in Nivika

Sweden Sweden — Small milestone passed in the company's list of owners.

Blackstone buys logistics portfolio in Denmark

Denmark Denmark — Blackstone acquires a logistics portfolio from Velliv, PBU and AP Pension.
Catella merges CRIM and CREAG to form Catella Investment Management (CIM).

Catella forms a new EUR 10 billion fund Investment Management platform

Sweden Sweden — Catella announces the strategic merger of the front office operations of its subsidiaries Catella Residential Investment Management GmbH, Berlin (CRIM) and Catella Real Estate AG, Munich (CREAG) to form Catella Investment Management GmbH (CIM). The merger aims to create a stronger fund investment management platform for enhanced operational efficiency, effective from January 1, 2025.
Rosersberg DC4.

Prologis signs new lease in Stockholm

Sweden Sweden — Prologis has signed a lease with the food producer Cookin AB for a new modern logistics facility located near Stockholm.
Viktor Mandel.

"The rent development for housing is a big disappointment"

Sweden Sweden — Hemvist strikes with a major acquisition when it buys 380 homes in Sundbyberg from Heimstaden for 1.16 billion. CEO Viktor Mandel tells Nordic Property News about the transaction, how they want to develop the portfolio, what will be the company's most important tasks in 2025 and how he views the market situation for housing.

Turning point for the negative write-downs

Nordic — Ever since the second half of 2022, the companies' property values ​​have fallen in every single quarter, but during the first quarter of the year you could start to see a shift for most companies, something that also continued in Q3. After this interim report period Nordic Property News has again looked at the property values ​​of the listed companies.
Mimo.

Platzer takes possession of the Mimo property in December

Sweden Sweden — In December Platzer will take possession of the Mimo property in Mölndal, comprehending offices and services of 40,000 square meters (GBA). The transaction is based on the acquisition agreement signed with NCC in 2021. The acquisition strengthens Platzer's position in the Mölndal proximity and the property is in an attractive location adjacent to Gothenburg regions’ second largest public transportation node.

Heimstaden Bostad divests 380 residential units

Sweden Sweden — Heimstaden Bostad has signed an agreement with Hemvist Bostadsfastigheter for the divestment of 380 residential units in Sundbyberg through a share deal.
Warsaw Unit.

Eastnine acquires Warsaw Unit in the largest office transaction in Europe this year

Sweden Sweden — Eastnine has acquired 46-storey office tower Warsaw Unit for EUR 280 million from Ghelamco. The acquisition establishes Eastnine in Warsaw and is marking the largest step to date on Eastnine's journey building a leading office property company in the fastest growing part of Europe. The acquisition, which is the largest office transaction in Europe this year, increases profit from property management per share by 18 percent.