Pangea: Nordic Real Estate Still Trending Positive

Nordic The Nordic property markets will continue to perform well, according to the new report Real Estate Outlook 2017 produced by Pangea Property Partners.

2017-02-06

Share via e-mail

Mikael Söderlundh. Image: Pangea Property Partners
Mikael Söderlundh.

According to the report segments with strong rental growth such as central offices in Stockholm and Oslo, as well as quality hotels, are pinpointed as winners, while yields will tilt upwards for secondary assets. Transaction activity is expected to remain high.

“The strong investor demand for Nordic real estate in recent years is now combined with more sellers putting their assets for sale,” says Mikael Söderlundh, Partner and Head of Research at Pangea Property Partners.

The identified sellers are for example property funds about to reach expiry, property companies who want to streamline their portfolios by divesting non-core assets and various private investors seeing good exit opportunities in the current market. In addition, there is increasing sell focus among municipalities, owner-occupiers and developers.

“Several international investors will probably also realize their profits in the Nordic markets in 2017, but there are new large global property funds, many with core and core+ profile, entering the market at the same time,” adds Söderlundh.




Maria Olsson Äärlaht
maria@lokalnytt.se
fastighetssverige.se




Scandinavians in Focus in New Sustainable Marbella-project

Nordic Marbella is back on the international market with Real de La Quinta, a model for new, sustainable luxury homes. And Scandinavians are targeted as buyers.


Nordea Moves HQ from Stockholm to Helsinki

Nordic The Nordea Board of Directors initiates a re-domiciliation of the parent company to Finland – operations in all Nordic home markets remain unchanged.

NREP Sells for EUR 168M

Nordic NREP secures the largest portfolio exit of necessity driven retail assets in Sweden in 2017 by selling a portfolio consisting of 11 assets and a total area of 63,500 square meters to Storebrand/SPP.

East Capital Sells Shopping Center in Vilnius

Nordic East Capital Baltic Property Fund II announces today the signing of an agreement to sell the GO9 shopping centre in Vilnius. The fund acquired the property in 2012 and has since re-developed it. The buyer is Lords LB Baltic Fund IV, managed by Lithuanian real estate and private equity investment management company, Lords LB Asset Management. 

Cross-Boarder Investment in Nordics Surges 23 percent

Nordic Cross-border investment into Europe's Nordic countries rose to EUR 5.5 billion in the first half of 2017, 23 percent up on the same period in H1 2016. This represents a 29 percent share of the total volume invested in the Nordics in the year to date, according to research by international real estate advisor Savills.


Skanska Divests for EUR 225M

Nordic Skanska divests two properties in Stockholm and one in Oslo to Vasakronan, Aberdeen and Entra for a total of EUR 225M.

Nordic Property Transactions Set New Record in First Half of 2017

Nordic Driven by a very strong Norwegian and Finnish market, volumes in the Nordic property markets reached a new record in the first half of 2017. Private investors and property funds were particularly active on the buy side and the share of foreign buyers increased significantly, according to Pangea Property Partners report.

Balder New Majority Owner of Serena Properties

Nordic Balder has agreed to acquire 56 percent of Serena Properties, a company currently owned by Ratos, Varma Mutual Pension Insurance Company och Redito.

EQT Closes Its First Real Estate Fund

Nordic EQT closes the EQT Real Estate I fund with commitments totaling EUR 420 million. Around 35 percent of the total commitments have already been invested in four assets.

Fredrik Jonsson New CEO of Niam

Nordic Johan Bergman has decided to take on the role of Chairman of Niam AB and Chairman in all of Niam’s funds. Fredrik Jonsson, the current CIO of Niam, will assume the role of CEO and take over responsibility for the company’s operations effective July 1, 2017.