The Norwegian oil fund has passed 18.000 billion NOK in value.

Norwegian oil fund passes NOK 18,000 billion in value - this is its real estate holdings

Norway Norway — The Norwegian oil fund breaks records and now has a value of over NOK 18,000 billion, this after closing 2023 with a value of NOK 15,765 billion. Nordic Property News has taken a look at the fund's holdings in Nordic listed real estate companies and here you can read how the ownership looks after half of 2024. Among other things, the fund has entered into several large Swedish construction companies since the turn of the year.
TOP 4 Nordic
Peter Wallin, CEO Bonava.
Nordic Nordic —
Bonava CEO: "Recovery can take time"
Erik Selin, CEO of Balder.
Nordic Nordic —
"For Balder, the choice is between everything or nothing"
Joacim Sjöberg, CEO of Castellum.
Nordic Nordic —
"Castellum will never finish selling"
Christian Fredrixon.
Nordic Nordic —
Ten percent down on Cibus management results
Johanna Skogestig, CEO of Vasakronan.

Vasakronan's CEO on the challenging rental market

Sweden Sweden — Johanna Skogestig, CEO of Vasakronan, tells Nordic Property News about the first six months for the Nordics’ largest property company, and the main focus, going forward.
Slättö and K2A in a JV.

Slättö in JV with K2A – acquires a student accommodation portfolio

Sweden Sweden — A fund managed by Slättö has agreed to acquire a 40 percent stake in a high-quality student accommodation portfolio with assets strategically located across Sweden's university cities.
The new station building in Gothenburg.

Peab to build Gothenburg's new station building

Sweden Sweden — Peab has been commissioned to build Gothenburg's new station building which will be the largest of three entrances for the West Link station Centralen. The customer is Jernhusen and the contract is worth SEK 870 million.
Jyväskylä.

Ovaro divests shopping centre property in Jyväskylä

Finland Finland — Listed property company Ovaro has sold the shopping centre Forum in the Jyväskylä city centre area in two separate transactions.
Hans Wallenstam, CEO of Wallenstam.

Hans Wallenstam: "The worst is behind us now"

Sweden Sweden — All the key figures in Wallenstam's Q2 point in the right direction according to Hans Wallenstam, who sees a turning point for the industry and the market as a whole. The Wallenstam CEO sees progressively better times ahead, where he hopes that the company will be able to start even more projects and be able to build more homes for the roughly 235,000 people who are in Wallenstam's housing queue.
Ulrika Hallengren, CEO of Wihlborgs.

Wihlborgs: "No reason for us to go wild"

Nordic — Wihlborgs leaves behind a relatively positive quarter and has already had a good start to the next one. With that behind her, CEO Ulrika Hallengren feels safer for the future, there will be no drama. But the focus going forward is still to develop the own properties and projects. Growth through acquisition is not the main option, she says when presenting the second quarter report for 2024.
Stina Lindh Hök, CEO of Nyfosa.

Nyfosa acquires the remaining 50 percent of the shares in its Norwegian JV Samfosa

Norway Norway — Nyfosa has signed an agreement to acquire the remaining 50 percent of the shares in Samfosa AS from its joint venture partner Ringmuren AS (parent company of Samfunnsbyggeren AS). Samfosa AS will subsequently become a wholly-owned subsidiary of Nyfosa. Closing is scheldued to take place in September, 2024.
Nrep buys in Stockholm.

Nrep acquires 524-unit Stockholm residential portfolio from Magnolia Bostad

Sweden Sweden — Real estate investor Nrep has expanded its residential portfolio with the acquisition of two apartment complexes from Magnolia Bostad. Collectively, the two sites provide 524 homes for rent and are located in the Ångloket neighbourhood in Knivsta and part of phase two of the Brogårdsstaden district in Upplands-Bro, both with sustainable rental levels and a high environmental profile. The acquisition is made through the Nrep Income+ fund. The fund completed a third closing last year with just over SEK 3.1 billion in capital raised.
Sirius acquires residential.

Sirius acquires residential portfolio

Finland Finland — Sirius Capital Partners’ newly established residential vehicle continues its build-up strategy with the acquisition of two prime residential buildings located in Helsinki. The portfolio was acquired from OP-Rental Yield.
David Carlsson, Carola Lavén, Sverker Källgården and Bjarke Mikkelsen.

The Nordic top recruitments and appointments in Q2

Nordic — A number of CEO positions and other key-roles within the companies on the Nordic real estate market got filled during the second quarter of 2024. Nordic Property News takes a closer look at the hottest Nordic recruitments in Q2.
Stefan Dahlbo, CEO of Fabege.

Dahlbo: "Time to prove ourselves after such a disappointing first half of the year"

Sweden Sweden — Fabege continues to report negative net rental in Q2 as well, and in total during the first half of the year the key figure lands at SEK -74 million, far short of the company's annual target of SEK 80 million. Fabege's CEO now believes that it will be difficult to reach that goal, and despite frustration over protracted discussions in the market, he is confident that the net rental will sort itself out during the second half of the year. Here he also comments on the negative impact on Arenabolaget and what effect the upcoming name change and Petter Stordalen may have its future.
GoCo.

Realy Bostad buys Goco building rights

Sweden Sweden — Realy Bostad is carrying out acquisitions in Goco in Mölndal with the ambition to start building 181 homes already this autumn. The seller is Trenum, which is owned by Balder and AP3.
Logian buys properties by the Helsinki-Vantaa Airport.

Logian acquires two logistics properties near the Helsinki-Vantaa Airport

Finland Finland — Logian’s – owned by Keva and Mrec IM – growth strategy continues with the acquisition of two logistics properties in Tuusula from funds managed by OP Real Estate Asset Management. Strategically located 3 km north- east of Helsinki-Vantaa airport and together comprising approximately 32,500 sqm, the properties respond to increasing demand for versatile logistics premises.
The location of DNB's new Swedish HQ will be Hamngatan 15 in Stockholm.

Humlegården leases 8,300 sqm in central Stockholm to DNB

Sweden Sweden — Humlegården rents an entire house at Hamngatan 15 to DNB. In the middle of Stockholm's banking cluster, the company's Swedish headquarters of approximately 8,300 square meters will be established, which will play an important role in DNB's continued expansion.
Lisen Heijbel.

The trends that could put upward pressure on logistics rents

Nordic — Savills IM has made a new divestment from the Nordic Logistics Club Deal Fund. After the sale to Swiss Life AM, Lisen Heijbel, Head of Investment, Nordics at Savills IM, tells Nordic Property News about the state of the transaction market for logistics, where Savills IM wants to make new acquisitions and how she sees the Nordic logistics markets developing in the future.
June was the strongest transaction month since december 2022 according to Colliers.

June strongest transaction month since december 2022

Nordic — June saw the highest volume on the Nordic transaction market since December 2022, according to the latest figures from transaction advisor Colliers. At the same time, the first half of the year has been significantly stronger than the corresponding period in 2023, with a transaction volume of 12.4 billion euros, an increase of 23 percent. Nordic Property News provides more details about the Nordic market's first half of the year.
The portfolio includes three properties: two in central Helsinki and one in Pori, Finland.

Niam makes strategic entry into Finnish healthcare sector

Finland Finland — Niam has successfully acquired a portfolio of three healthcare and hospital properties in Finland, totalling 18,000 square metres. The portfolio comprises two properties located in central Helsinki (Bulevardi 22 and Saukonpaadenranta 2) and one in the heart of Pori (Itsenäisyydenkatu 33). The seller is the EQ Community Properties Fund.
Jacob Smergel-Krog, CEO of Rubik Properties.

Rubik Properties secures major management mandate

Denmark Denmark — Rubik Properties, a leading asset manager, takes over a significant management mandate as of January 1st 2025 from “Commercial Real Estate Denmark”, whose investor base includes Danish foundations and pension funds.
Hus 43 Gamla & Nya Magasinet.

Atrium Ljungberg conducts large letting to Menigo in Slakthusområdet

Sweden Sweden — Atrium Ljungberg has signed a lease contract with Menigo in Hus 43 Gamla & Nya Magasinet in Slakthusområdet. The lease covers approximately 3,800 sqm, and the newly built premises will house not only the new head office but also Restaurangakademien (the Restaurant Academy). Occupancy will take place in 2027 after the new building is completed.
Oscar Properties.

Oscar Properties appeals reconstruction ruling to the Supreme Court

Sweden Sweden — On May 20, Oscar Properties appealed the district court's decision to deny the company reconstruction, and now the Svea Court of Appeal has made its assessment on the matter – the decision is to reject the company's appeal, as can be seen from a document from the Court of Appeal that Nordic Property News has seen. Oscar Properties confirm that they are appealing the decision to the Supreme Court.
Sofia Ljungdahl, CEO of Obos Nya Hem.

Sofia Ljungdahl: "We have to build more flexibly"

Nordic — How has the Sweden venture gone for Norwegian Obos so far? Is the team in place and the direction set? Nordic Property News has met Sofia Ljungdahl, CEO of Obo's Nya Hem, and talked about everything from building right portfolios to football.
The office property Mentorn 1 in Stockholm.

Major office property transaction in Stockholm – Folksam's KPA Pension buys from AMF Fastigheter

Sweden Sweden — KPA Pension, which is part of the Folksamgruppen, has acquired the Mentorn 1 property in central Stockholm for SEK 3 billion (EUR 259 million), which makes it this year's largest deal so far on the Swedish market. The property has an attractive location close to Central Station and the seller is AMF Fastigheter.
Nuveen Real Estate has acquired a newly constructed logistics asset in Horsens.

Nuveen makes logistics acquisition in Horsens

Denmark Denmark — Nuveen Real Estate expands European logistics platform with first core plus acquisition in Denmark.
JM sells in Uppsala.

JM sells rental property in Uppsala

Sweden Sweden — JM has signed an agreement with Hemvist for the sale of a rental property located in Bäcklösa, Uppsala. The transaction amounts to SEK 348 million (EUR 30 million).