Leiv Synnes, CEO of SBB.

SBB stands by the dividend in June – after that it stops

Sweden Sweden — It was a hopeful Leiv Synnes that presented SBB's Q1 report on Monday, where the company reported a negative but still improved result compared to the corresponding period in 2023 and where the rate of decline in property values has started to slow down precariously. Here, Leiv Synnes tells us more about his positive view of the market, the status of the company's deferred dividend and how they will continue to act to strengthen the company's liquidity.
Thomas Sipos, CEO of Revelop.

"We look forward to increasing significantly in Stockholm"

Sweden Sweden — Revelop makes its first acquisitions with the new fund Revelop VI. Revelop's CEO Thomas Sipos tells Nordic Property News what new acquisitions they are looking for, in which markets they want to invest, the favorable market situation and the international interest for the fund.
The Swedish Economic Crime Authority becomes a new tenant of Atrium Ljungberg's.

Atrium Ljungberg rents out 10,000 sqm in Hagastaden

Sweden Sweden — Atrium Ljungberg has signed a lease contract with the Swedish Economic Crime Authority, which is moving to PV-palatset in Hagastaden. The contract covers a total of 10,000 sqm. The once-industrial PV-palatset is currently undergoing extensive renovation, and the authority is planning to move in at the end of 2025.
Tuomo Lindstedt.

Tuomo Lindstedt to lead Premico’s construction management business

Finland Finland — Experienced construction expert Tuomo Lindstedt will assume his role on July 1, 2024.

Revelop makes first acquisitions for its latest flagship value-add fund

Sweden Sweden — Swedish real estate investor Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions is a SEK 900 million acquisition from Castellum.
Niklas Forsell.

Here are the strongest office markets in Helsinki

Finland Finland — Croisette adds to its Finnish team with the recruitment of Niklas Forsell. The new Head of Leasing tells Nordic Property News about his new role with Croisette, how he views the Finnish rental market at the moment and going forward, and about new office needs among Finnish companies.
Erik Selin, CEO of Balder.

Selin: "Having negative numbers is painful"

Sweden Sweden — 2024 is progressing at a steady pace for Balder and CEO Erik Selin is not expecting any revolutionary events during the year and likely no project starts either. But one detail that rubs off on the Balder founder is the company's most important performance measure, which during Q1 decreased by ten percent compared to the same quarter in 2023. "We don't like negative numbers," says Erik Selin during the report presentation.
Grönstedska Palatset in Stockholm.

Areim acquires the office asset Grönstedska Palatset in central Stockholm

Sweden Sweden — Areim acquires the office asset Städet 9, also known as Grönstedska Palatset, on Sankt Eriksgatan in Hagastaden, Stockholm. The property, which was built in 1923, consists of 28,000 square metres of lettable area, renowned as the former headquarters of Vin & Sprit. Areim plans to further develop the property and at the same time preserve the property's history and characteristic features.
Catella Asset Management appointed as local operating partner for Corum in Finland.

Catella appointed as local operating partner for Corum in Finland

Finland Finland — Catella Asset Management appointed as local operating partner for Corum in Finland. Corum Origin and Corum Eurion (Corum) owns a Finnish real estate portfolio of 21 properties with a total gross leasable area (GLA) of 142,000 sqm. The portfolio’s assets are located across Finland, and they are mainly leased to a single tenant on a long lease.
Glashuset (the Glass Building) in Stockholm.

Atrium Ljungberg signs large lease in central Stockholm

Sweden Sweden — Atrium Ljungberg has signed an agreement with Svenska spel regarding a move of the office to the iconic Glashuset in Slussen. The lease covers roughly 2,500 square meters and Svenska spel will move in during the first half of 2025.
Knut Rost.

Diös' CEO: "There is a lot going on in our market"

Sweden Sweden — Diös delivers a quarterly result that is down slightly compared to the same period last year. At the same time, the company is preparing for new business opportunities going forward. CEO Knut Rost tells Nordic Property News about the future of Diös, the transaction market and green transition.
Erik Vikbladh in front of one of the acquired properties. The image is a montage.

Areim's new European venture with VGP: "Strong demand for modern and sustainable properties"

Nordic — Areim enters into a new joint venture with a focus on Central Europe together with VGP. After the first acquisition through the JV, Erik Vikbladh, CIO and Partner at Areim, tells Nordic Property News about the partnership with VGP and how the logistics markets in your focus countries France, Germany, Hungary, the Czech Republic and Slovakia differ from the markets in the Nordic countries.
Mikael Tröjbom Johansen.

Catena grows in Denmark – recruits from Blackstone's Mileway

Denmark Denmark — As a result of the growth phase that Catena is in, Mikael Tröjbom Johansen is taking on the new role of Regional Manager Denmark.
Niklas Forsell.

Croisette appoints Niklas Forsell as new Head of Leasing and Partner in Finland

Finland Finland — Niklas Forsell will join Croisette Finland as the new Head of Leasing and Partner as of 3rd May, 2024. Niklas will join Croisette from Cushman & Wakefield, where he has worked as Leasing Director.
Nivika sells in Eksjö.

Nivika sells in Eksjö

Sweden Sweden — Nivika sells two properties in Eksjö.
These are the winners and losers in the nordic stock market during April 2024.

The winners and losers on the stock market in April

Nordic — After a strong rebound in March, real estate shares on the stock exchange retreated again in April and most companies ended up in the red. Nordic Property News presents a list of the winners and losers on the stock market during the fourth month of the year.
Tom Leahy, MSCI.

MSCI's Chief Analyst: "A significant repricing is required"

Nordic — MSCI's Chief Analyst Tom Leahy provides an outlook for how transaction volumes may develop, where the competition for the offices is and how international players can now enter the Swedish market.
Svante Bengtsson.

Svante Bengtsson appointed CEO of Fastator – again

Sweden Sweden — Svante Bengtsson back in the CEO chair at Fastator - after it was announced in January that he would leave the company in the summer. At the same time as Bengtsson becoming the new CEO, acting CEO and chairman of the board Björn Rosengren is leaving Fastator completely.
ABG Fastena acquires from Tilia Fastigheter.

ABG Fastena acquires light industrial property

Sweden Sweden — ABG Fastena adds another property in Stockholm to its portfolio through an acquisition from Tilia Fastigheter.
K-Fastigheter's CEO Jacob Karlsson and newly appointed Deputy CEO Niclas Bagler when Bagler was still with BoKlok.

K-Fastigheter appoints Deputy CEO

Sweden Sweden — K-Fastigheter hires Niclas Bagler to be responsible for the new business segment Construction. Construction contains the business areas Project Development, Prefab and Building. Niclas Bagler will assume his position as Deputy CEO of the Group with responsibility for Construction on June 1st, 2024, and will from the same date become a member of the Group´s management team.
Vasakronan CEO Johanna Skogestig.

Vasakronan CEO on the first acquisition in five years: "The market situation has changed"

Sweden Sweden — After the first acquisition in half a decade, CEO Johanna Skogestig explains how she sees Vasakronan's portfolio going forward. At the same time, she sees a certain instability in Stockholm's office market and the company now has a vacancy of ten percent in the portfolio.
Daniel Stenbäck and Hotel Katajanokka.

"Shows that we are serious about our investment in Finland"

Finland Finland — Strawberry continues its expansion in Finland. The company is taking over the storied Hotel Katajanokka on Katajanokka in Helsinki – and establishes its Clarion Collection concept in the Finnish market. Chief Development Officer Daniel Stenbäck tells Nordic Property News about the importance of launching the Clarion Collection in Finland, about Helsinki as a hotel city and about the possibility of entering new Finnish cities.
Swiss Life Asset Managers has acquired a high-standard big-box retail asset.

Swiss Life Asset Managers Nordic acquires retail properties in Helsinki Metropolitan Area

Finland Finland — With the acquisition of prime retail box assets in Helsinki Metropolitan Area, Swiss Life Asset Managers Nordic further grows its real estate footprint in Finland and diversifies the portfolio for its clients.
Ivar Tollefsen.

Heimstaden denies speculations of bribery

Sweden Sweden — The Swedish publication Dagens Industri published an article where employees of Alecta are being investigated for trips to France and/or South Africa invited by Ivar Tollefsen, the chairperson of Heimstaden AB. Heimstaden denies the claims.

SBB signs agreement for dissolution of Unobo

Sweden Sweden — As a step in SBB's efforts to eventually dissolve jointly owned residential property structures, SBB has signed a framework agreement with Riksbyggen regarding the dissolution of the joint ownership of the residential property group Unobo AB. Before the split, SBB owns 70 percent and Riksbyggen 30 percent of Unobo AB. SBB aims to coordinate its share of the properties within Unobo AB with Sveafastigheter’s residential portfolio. Riksbyggen continues to manage Unobo AB's portfolio until the end of 2024.