Klarabo appoints interim CFO

Sweden Sweden — Klarabo has appointed Urban Ottosson as interim CFO. Urban has extensive experience in the role of CFO in several publicly traded companies such as Hexpol, Ependion (Beijer Electronics), Lammhult Design Group, among others.

These are the Nordic top sellers in the first three quarters

Nordic — Nordic Property News presents a list of the top sellers among the listed Nordic real estate companies in the first three quarters.

"More positive growth outlook than we expected"

Nordic — At the Pandox Hotel Market Day with a geopolitical outlook, David Goodger, Managing Director Tourism Economics at Oxford Economics, said that there is a reason for cautious optimism in the hotel sector despite difficult-to-fight inflation.
F. Scott Ball, CEO of Citycon.

Citycon signs green 7-year term loan

Finland Finland — Citycon has signed a SEK 1,020 million (approx. EUR 89.5 million) fixed rate green term loan with pbb Deutsche Pfandbriefbank (pbb) and Helaba.

SLP secures another lease in Helsingborg

Sweden Sweden — SLP has signed a lease with a new tenant, TR Electronic, in the property Kruthornet 3 in Helsingborg. The agreement runs for five years and the annual rent is approximately SEK 700,000.

YIT builds housing facility for senior citizens

Finland Finland — YIT has signed an agreement with the Yrjö ja Hanna foundation for the construction of a residential apartment building named Kiinteistö Oy Vihdin Nestori in Nummela, Vihti. .
Peeter Kinnunen, Head of Transactions at Corem.

Corem's plans for the Danish market: Staying – but cannot rule out more divestments

Denmark Denmark — In one of the largest deals in Denmark in 2023, Corem sold two properties in Copenhagen – which together accounted for 59 percent of the company's rental value in the Danish portfolio – to AP Ejendomme for EUR 334. Corem's Head of Transactions, Peeter Kinnunen, tells Nordic Property News about Corem's future plans in Denmark and gives his view on the transaction market in Denmark versus Sweden.

They companies with the lowest ICRs in the Nordics

Nordic — Nordic Property News presents a list over the Nordic listed companies with the lowest Interest Coverage Ratios for Q3 2023.
Nrep makes new acquisition in Copenhagen.

Nrep acquires hotel property in Copenhagen

Denmark Denmark — Nrep has bought the Comfort Hotel on Vesterbrogade in Copenhagen from a company associated with the American investment fund Starwood Capital.
Alma Property Partners closes new fund.

Alma closes Nordic real estate fund of EUR 350 million

Nordic — Alma Property Partners has raised almost EUR 350 million in capital commitments for Alma Property Partners III, the company's third opportunistic real estate fund. Alma focuses on value-creating investments in commercial properties and housing in Sweden, Finland, Denmark and Norway. The investors mainly include institutions from Sweden, Germany and Great Britain. The fund has an investment capacity of more than EUR 800 million.

Götenehus' shareholders adviced to turn down EHF's offer

Sweden Sweden — The independent bid committee of Götenehus Group unanimously recommends the shareholders of Götenehus not to accept the offer submitted by EHF.
Gothenburg skyline.

Office yields expected to continue rising in Sweden’s largest markets

Sweden Sweden — These are the yield development expectancies in Stockholm, Gothenburg and Malmö, according to SEPREF’s Q4 consensus forecast.
Nordic Property News presents the listed property companies' LTVs.

The companies with the highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in Q3 2023.

Blackstone company makes logistics investment in Vantaa

Finland Finland — Mileway, owned by Blackstone, has bought a 4,100 sqm logistics property in the Koivuhaka area in Vantaa.

Kesko acquires land plots in Lahti

Finland Finland — Kesko has purchased two plots at Kauppakatu 16 in the city of Lahti from Luhta-Kiinteistöt Oy. The deal is part of Kesko’s growth strategy, which involves updating existing grocery stores and opening several new ones in Finnish growth centres in upcoming years.
Anders Danielsson, CEO of Skanska.

Skanska issues new green bonds worth about EUR 395 million

Sweden Sweden — Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around 40 investors.

Prime office rent forecast for Sweden’s major cities

Sweden Sweden — The prognosis for prime office rents continues to rise in one of Sweden's largest citites, according to SEPREF’s consensus report.
Johan Knaust, CEO of K2A.

"Rough stretch for real estate companies – but we have a clear plan"

Sweden Sweden — K2A's CEO Johan Knaust tells Nordic Property News about the plans for the company, where he sees opportunities for new construction going forward and about the possibility for acquisitions for K2A.
Fransesco Pupillo, MAPIC Markets Director.

Big interview: Highlights and news in this year’s MAPIC

Nordic — The annual retail fair MAPIC takes off next week. Francesco Pupillo, MAPIC Markets Director, shares what not to miss, the Nordic participation, what’s brand new, and the main focus for the organizer this year.
Host property and Gelba Fastigheter form partnership with a portfolio of eight Swedish hotels.

Host Property and Gelba Fastigheter form partnership – portfolio of eight hotels

Sweden Sweden — Host Property has sold 51 percent of its shares to Gelba Fastigheter, keeping 49 percent ownership. Additionally, the company's bond loans have been refinanced.

Hemsö signs lease contract with City of Turku

Finland Finland — Turku International School is relocating to Hemsö’s property in the Kupittaa neighbourhood. The City of Turku has signed a 20-year lease agreement.

Relief at Bonava as exit from Russia is completed: "Now we can focus on other things"

Nordic — It took 609 days between the decision to sell Bonava's subsidiary in St. Petersburg – until earlier this week they were able to announce that the deal had closed. And the tours have been many. Group Head of Press and Public Affairs Fredrik Hammarbäck tells Nordic Property News that the company now feels relieved to finally be able to focus on other things.
Per Nilsson, CEO of John Mattson.

New cost-saving measures underway for John Mattson

Sweden Sweden — Per Nilsson, CEO of John Mattson, recently presented the company's third quarterly report for 2023. In an interview with Nordic Property News, the CEO is no stranger to further corrections and austerities.

Alma Media extends lease agreement in Helsinki

Finland Finland — Alma Media continues its lease agreement at the Alma Office Building in Helsinki.
NCC builds in Österåker.

NCC builds new treatment plant in Österåker

Sweden Sweden — NCC has been contracted by Roslagsvatten to build a new treatment plant in Österåker to secure wastewater treatment for Österåker Municipality and the City of Vaxholm.