Nordic Property News lists the top ten transactions during the first quarter of 2024.

Top ten transactions during the first quarter of 2024

Sweden Sweden — Nordic Property News compiles a list of the largest transactions made on the Swedish market during the first quarter of 2024.
TOP 4 Nordic
Johan Skoglund, CEO of JM.
Nordic Nordic —
Johan Skoglund: "The banks are a bit more stingy these days"
Short positions are decreasing in the listed giants.
Nordic Nordic —
Short positions are decreasing in the listed giants
Nordic Property News has taken a closer look at who owns most of the capital in the Nordic listed property companies.
Nordic Nordic —
The largest owners in the listed Nordic real estate companies
Henrik Gerdin and the logistics property acquired in Oslo.
Nordic Nordic —
"We are interested in logistics acquisitions in all Nordic countries"
Ola Serneke in front of Prioritet Serneke arena in Gothenburg. The image is a montage.

Ola Serneke's next step: "I will look at properties in southern and western Sweden"

Sweden Sweden — At the end of April, Ola Serneke leaves his operational role within Serneke Invest and continues to work in the company via a board seat in Doxa. Parallel to his board work, he intends to develop his private group. Ola Serneke told Nordic Property News about his feelings about leaving the operational role, the board work at Doxa, how he wants to develop and grow his private group and about the series of tough sports competitions he aims to participate in.
Jonas Andersson.

Ares invests in Slättö

Nordic — Slättö and Ares Management Real Estate Secondaries funds have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.
Sven Moller and Martin Lindgren.

Colliers Nordics hires Sven Moller to lead Workplace Advisory

Nordic — Colliers hires Sven Moller as Head of Workplace Advisory Nordics, marking a pivotal moment in expanding its’ Occupier Services.
Oscar Properties.

Oscar Properties postpones year-end report – again

Sweden Sweden — For the second time, Oscar Properties postpones its year-end report.
Thorsten Slytå, Managing Director and Head of Nordics at Blackrock.

Blackrock's investment strategy for the Nordic countries

Nordic — Blackrock has found its own niche in the Nordics. That's what Thorsten Slytå, Managing Director and Head of Nordics thinks. At the same time, he sees the opportunities for them for a more diversified portfolio across the Nordic countries in the future – but that depends on the pricing.
These are the winners and losers in the nordic stock market during March 2024.

The winners and losers on the stock market in March

Nordic — After two sluggish months at the beginning of the year the stock market took off seriously during March with green figures for almost all the real estate companies on the largest lists in the Nordics. Here Nordic Property News presents which companies performed best on the stock exchange during the third month of the year.
The plot acquired in Nykvarn, south of Stockholm.

Logicor acquires prime sites in Stockolm and Malmö

Sweden Sweden — Logicor has acquired two greenfield land plots in prime logistics hubs in Sweden with the plan to deliver more than 100,000 sqm of new logistics space. The seller was Kilenkrysset, a private Swedish landowner.
Ola Serneke, founder of Serneke.

Ola Serneke steps down as CEO of Serneke Invest

Sweden Sweden — In connection with Doxa's review of the management structure within Serneke Invest, the company announces that Ola Serneke will leave his operational role as CEO. This change is a direct consequence of the ongoing separation of Serneke's contracting and project development operations, which has initially concentrated on making the contracting company independent. The next step in this process focuses on optimizing the collaboration between Doxa and Serneke Invest to create increased value and efficiency. With Ola Serneke's planned entry into Doxa's board at the end of April, Doxa and Serneke choose to implement this natural change before Ola Serneke's transition to board work.
Niklas Zuckerman, CEO of Logistea, and Anders Nordvall, deputy CEO of Logistea.

Logistea acquires in Falun

Sweden Sweden — Logistea has closed the transaction of the property Främby 1:33 in Falun. The property has an underlying property value of MSEK 275 and a lettable area of approximately 42,500 sqm with NKT (Sweden) AB as a tenant for all areas within the property.
Max Barclay, head of advisory operations at Newsec.

Max Barclay: "Not sure that Sweden is so far ahead"

Sweden Sweden — Max Barclay, with the titles deputy CEO and head of advisory operations at Newsec, predicts how the winds are blowing and scouts how 2024 will develop, which segment is the hottest right now and how advisors can take advantage of the development of artificial intelligence, AI.

Swedish municipality-owned company looks to divest its entire residential stock

Sweden Sweden — The entire remaining stock of municipal Lessebohus in Småland's Lessebo is on its way out for sale. Chairman of the board Gunilla Arvidsson tells Nordic Property News about the decision to sell, what she wants to see for potential buyers, what advisory services will be needed for a sale and the future of Lessebohus if the sale goes through.
Sthlm HUB.

Vasakronan makes acquisition in central Stockholm from Union Investment

Sweden Sweden — Vasakronan buys the block Uggleborg 14, Sthlm HUB, from Union Investment. The purchase price is based on an underlying property value of SEK 715 million.
Jakob Fyrberg, CEO of Emilshus, and Rutger Arnhult, CEO of Corem.

Emilshus buys portfolio from Corem

Sweden Sweden — Corem divests 19 properties in Jönköping, Huddinge and Linköping for SEK 768 million to Emilshus.
Catena acquires in Helsingborg.

Catena acquires logistics property in Helsingborg

Sweden Sweden — Catena has signed an agreement with DSV Road Holding A/S to acquire a property in Helsingborg via a corporate transaction at an underlying property value of SEK 398 million before deduction of deferred taxes.
Toke Clausen, Head of Office at Nrep.

Nrep's conclusion for the office market: "Higher occupier demand in Copenhagen"

Nordic — The market situation, transaction prospects and the difference in the office segment across the Nordics were some of the things Nordic Property News reporter talked to Toke Clausen, Nrep's Head of Office, about during Mipim. He explain, among other things, why they are currently looking away from the Stockholm office market.
Jukka Rantanen, CEO of Sb-Hem.

The labor market conflict in Finland has a negative impact on housing trade

Finland Finland — The forecast pointed steadily upwards in Finland during the autumn. But now the real estate agent Sb-Hem's managing director Jukka Rantanen believes that the labor market conflict, the disagreement between the government and the unions and the ongoing strikes are slowing down the recovery of the housing trade in Finland. "The recovery in the housing market is delayed by the weakening of consumer confidence and the weakening of employment due to the conflict in the labor market," says Jukka Rantanen to Nordic Property News.

New residential company launched in Northern Sweden

Sweden Sweden — The coast of Norrland is in a period of rarely seen growth where large establishments are already underway and more are planned. Norrland's ambition is to grow with 100,000 new jobs over the next 15 years, which drives the demand for housing and infrastructure. That is why Westerlinds invests heavily in both acquisitions and new partnerships.
Benn Karlberg resigns as CEO of Logistic Contractor.

Benn Karlberg resigns as CEO of Logistic Contractor

Nordic — Benn Karlberg resigns as CEO of Wästbygg Gruppen's group company Logistic Contractor. He is also leaving the company's group management.
The property Eldstaden 4 in Varberg that Nivika acquires.

Nivika acquires two properties in Varberg

Sweden Sweden — The property value amounts to approximately SEK 49 million and the annual rental value amounts to SEK 3.7 million with an average contract period of five years. The properties were acquired during the second half of March.
MSCI has presented the figures showing the housing segment's falling returns in Sweden and the rest of the Nordics.

The figures showing the housing segment's falling returns

Nordic — For the second year in a row, housing was the weakest segment in Sweden in 2023 and for the first time in the last two decades, the segment has had a negative total return two years in a row, this did not happen even after the weak year of the financial crisis in 2008 when the recovery was faster. To get the facts behind the numbers, MSCI has presented its housing index for 2023 which, among other things, shows that we have now had six negative quarters in a row with a negative total return in Sweden.
AMF Fastigheter's CEO Thomas Erséus.

Thomas Erséus: "More rotation of AMF's properties in the future"

Sweden Sweden — Nordic Property News reporter on site in Cannes had a conversation with AMF Fastigheter's CEO Thomas Erséus about the state of the market, the status of the profile projects and what can await the company in the future, which may contain selling more properties.
The property Martin Linges vei 33 at Fornebu in Oslo.

Norwegian Property takes over Fornebu property

Norway Norway — Norwegian Property’s subsidiary, NPRO Holding AS, has taken over all shares in ML 33 Holding II AS as of 18 March 2024, which indirectly owns the shares in the company that owns the property Martin Linges vei 33 at Fornebu in Oslo. The shares have been taken over for NOK 1. NPRO Holding is 100 percent holder of junior bond loan extended to one of the Property's holding companies.
Alma Property Partners makes new appointments.

Alma Property Partners makes hires in Finland and Denmark

Nordic — Alma Property Partners has hired Nicolas Karkkolainen and Antti Salonen to the Finnish investment team in Helsinki and Gustav Bachmann to the Danish investment team in Copenhagen. The three new hires increase Alma's investment team to a total of twelve people.
Balder.

Balder’s nomination committee proposes election of new Chairman of the Board

Sweden Sweden — The nomination committee of Fastighets AB Balder has completed its work ahead of the Annual General Meeting on 3 May 2024. The nomination committee proposes that Sten Dunér be elected as new Chairman of the Board and that Carin Kindbom be elected as new Board member. The nomination committee proposes that current Board members Fredrik Svensson, Anders Wennergren and Erik Selin be re-elected.