The situation in the Nordic Countries, according to Pangea:
Sweden: High transaction activity in Sweden with 53 deals summing to € 2.0 billlion (SEK 18.5 billion) in June. For example, the new retail specialist Agora acquried 22 properties across Sweden from multiple sellers such as Niam, Balder, Diligentia, D Carnegie & Co and Profi (SEK ~3.4 billion).
Norway: Solid transaction volume in Norway last month reaching € 1.1 billionn (NOK 9.5 billion). Prime office building Munkedamsveien 62 in Oslo CBD was sold in June for approximately MNOK 550 at a 4.5% yield. The buyers was a German fund structure managed by Deka Immobilien.
Finland: Moderate transaction activity in Finland with 18 deals summing to € 0.5 billion in June.The largest transaction was OP Vuokratutto’s acquisition of 1,200 residential apartments from Ilmarinen. The portfolio consists of 28 properties located in growth centres and university cities.
Denmark: Low transaction volume in Denmark with a monthly volume of just € 58M (DKK 0.4 billion) in June. In addition, Danish property company DADES announced the sale of 49.2% of its shares in the beginning of July (gross asset value of DKK 19.6bn) at the end of 2014.
The H1 2015 transaction figures for the Nordics:
Sweden: 204 deals – transaction volume: € 6.9 billion – 9 % higher than 2014.
Norway: 78 deals – transaction volume: € 5.2 billion – 146 % higher than 2014.
Finland: 65 deals – transaction volume: € 2.5 billion – 64 % higher than 2014.
Denmark: 46 deals – transaction volume: € 2.3 billion – 103 % higher than 2014.
Nordics: 393 deals – transaction volume: € 16.9 billion – 55 % higher than 2014.
Strong Transaction Market in the Nordics in June
Nordic —
87 property deals was made in the Nordics in June. The total volume reached €3.6 billion, according to Pangea Monthly Update.
2015-07-07
Nicklas Tollesson
[email protected]