Tomas Carlsson, CEO of NCC.

NCC Issues Profit Warning: "Energy Costs Affect Large Parts of the Business"

Sweden Sweden — NCC has issued a profit warning ahead of Q3 and the worse result is mainly affected by the asphalt operations within the Industry business area, which is grappling with increased energy costs. At the same time, the company has had problems with the management of certain housing projects in the Stockholm region, which has led to organizational changes according to CEO Tomas Carlsson. He shares more about the situation with Nordic Property News.
The Nordic Real Estate Companies’ market cap.

Updated Figures: The Largest Property Companies in the Nordics

Nordic — Nordic Property News presents the current market capitalization among the Nordic real estate companies on the stock exchange.
Capman develops two residential apartment buildings in the Pukkila neighbourhood of Turku.

Capman Develops Residential Project in Turku

Finland Finland — CapMan Real Estate invests in its first EU Taxonomy aligned project by developing two residential apartment buildings in Turku.
Anders Liljenstolpe.

CBRE Appoints New Managing Director for its Advisory Business in Sweden

Sweden Sweden — CBRE announced that Anders Liljenstolpe has joined CBRE to lead the Advisory Business effective 3 October 2022.
Sato develops residential in Espoo.

Sato Develops New Homes in Espoo

Finland Finland — Sato is developing new non-subsidised rental homes on Peijinkuja street in the Finnoo district of Espoo. Construction started in August 2022 and the homes will be completed in stages during autumn 2024.
Port of Gothenburg.

The Strongest Urban Logistics Markets in the Nordics Beyond the Capitals

Nordic — Logistics well placed to withstand economic disruption, according to DWS’ Nordic Real Estate Strategic Outlook. While fundamentals remain strong for logistics, there are are challenges that could keep rental growth in line with long-term inflation – with a clear exception in urban logistics that can see strong rental growth. Simon Wallace, Global Co-Head of Real Estate Research, comments on the strongest urban logistics areas in the Nordics beyond the capitals.
The preference shares with the
highest yields on the stock exchange.

Updated Figures: These Nordic Preference Shares Have the Highest Dividend Yields

Nordic — Nordic Property News has listed the Nordic real estate companies’ preferred stocks. Which stock provides the highest yield and which stock has had the best development, so far, in 2022?
Henrik Skoog.

CBRE IM Recruits CFO in the Nordic Region

Nordic — CBRE Investment Management has appointed Henrik Skoog as CFO in the Nordics. He will be responsible for all financial reporting processes and tax matters as well as external financings within the company on the corporate and property investment sides and will be the main financial contact person for fund and separate account teams.
The logistics centre.

Kesko Develops New Logistics Centre in Hyvinkää

Finland Finland — Kesko continues to implement its growth strategy by investing over EUR 300 million in building an 82,000 square metre logistics centre for Onninen and K-Auto in Hyvinkää. The project will be completed in stages between 2025 and 2030.
Jan Hellman.

Taaleri on the Hunt for More Residential Assets

Finland Finland — Jan Hellman, Director, Investments at Taaleri Real Estate, on the major acquisition from Bonava in Helsinki, the sustainable focus in the company’s fund, and the high transaction pace in 2022.
Fredrik Ottosson and Anders Nygren in front of the Kvarteret Johanna block. The image is a montage.

Hufvudstaden's Ambitions for the Gothenburg Market

Sweden Sweden — Hufvudstaden has started work on the development of the major project Kvarteret Johanna in Gothenburg. After the groundbreaking, CEO Anders Nygren and Head of Gothenburg Fredrik Ottosson tell Nordic Property News about the big investment and the work with the neighborhood and how they want to grow in Gothenburg in the future.
Jonas Arvidsson, CFO and co-founder of Parakey

Parakey Continues to Grow Despite the Recession

Nordic — The other Monday it became clear that Kim and William Olsson from the Stena owner family, former ice hockey player and Olympic gold medalist Mikael Samuelsson, and Henrik Garvner from Signup Software joined as investors. Together raising an investment of 28 million sek in the mobile access system company Parakey. Several existing owners – including Tham Invest, Green Group, Vätterleden Ventures and Bassholmen AB – defended their holdings. According to CEO and co-founder Jonas Arvidsson, the company is in a position where they can grow even more in the wake of the recession.
Miikka Karjaluoto.

Sato Appoints Director, Business Development

Finland Finland — Miikka Karjaluoto has been appointed Director, Business Development at Sato Corporation. Working at Sato since 2009, Karjaluoto most recently served as Director, Tampere region, which post he held since 2016.
Krister Karlsson.

Krister Karlsson Named New COO at SBB

Sweden Sweden — Krister Karlsson has been appointed as the new chief operating officer, COO, at Samhällsbyggnadsbolaget in Norden. He succeeds Oscar Lekander, who is leaving the management team and who will continue to work on completing transactions and special projects.
Karlatornet.

Karlatornet Is Now the Tallest Building in Scandinavia

Sweden Sweden — After reaching 193 meters, Balder and Serneke's Karlatornet in Gothenburg, which is still under construction, is now the tallest building in Scandinavia.
Liia Nõu, CEO of Pandox.

Pandox Divests in Montreal

Nordic — Pandox enters into an agreement to sell InterContinental Montreal.
Max Barclay.

Newsec: Strong Transaction Market in Sweden

Sweden Sweden — Despite worrisome economic clouds looming, the Swedish transaction market looks set to be heading for its second strongest year on record, according to the latest edition of the semi-annual property report Newsec Property Outlook. Max Barclay, Head of Newsec Advisory, tells Nordic Property News about the market's resilience, concerns about the future and why 2023 is likely to be a slower year.
Andreas Morfiadakis, CEO of Klarabo.

"We Will Have Organic Growth through Our Existing Portfolio"

Sweden Sweden — Klarabo's CEO Andreas Morfiadakis on the rent potential in the company's portfolio, why Klarabo is well-positioned for tougher economic times despite a direct return of 3.9 percent and about the future demand for residential.
Järngrinden buys eight properties.

Järngrinden Acquires in Mölnlycke

Sweden Sweden — Järngrinden expands its property portfolio through the acquisition of eight properties in Mölnlycke from Mölnlycke Fastighets AB for MSEK 260.
Eva Landén, CEO of Corem.

Corem Signs Leases in Västerås and Eskilstuna

Sweden Sweden — Corem has signed three lease contracts with a total annual contract value of SEK 9.5 million.
John Forselius.

John Forselius Appointed New Asset Manager at Humlegården

Sweden Sweden — John Forselius will assume the role of Asset Manager with primary responsibility for Humlegården's property portfolio. He has extensive experience in the property industry and has been working as an interim consultant in recent years.
Stefan Ingves.

Policy Rate Raised by 1 percentage point in Sweden: "Construction Will Decrease"

Sweden Sweden — The Executive Board at the Swedish Riksbank has decided to raise the policy rate by 1 percentage point to 1.75 percent – a blow to many real estate companies. The Governor of Sveriges Riksbank, Stefan Ingves, comments on the decision.
Elias Georgiadis, CEO of Stenhus.

Stenhus Continued Refinement Strategy After the Randviken Acquisition

Sweden Sweden — Stenhus’ refinement process continues after the acquisition of Randviken. CEO Elias Georgiadis comments on the sale to Areim, leaving the Gothenburg market and about possible future divestments.
House of Choice.

Fabege Signs Loan Deal with NIB

Sweden Sweden — Nordiska Investeringsbanken (NIB) and Fabege have agreed on a 10-year loan of SEK 432.5 million to finance Scandinavia’s first zero-energy hotel in Arenastaden, Solna, just outside Stockholm.
Veidekke has been commissioned by Signaturhagen Bolig AS and Boligbyggelaget TOBB to build a housing project with 72 apartments in the centre of Stjørdal.

Veidekke Secures Housing Project Deal

Norway Norway — Veidekke has been commissioned by Signaturhagen Bolig AS and Boligbyggelaget TOBB to build a housing project with 72 apartments in the centre of Stjørdal.