The figures for the Nordic countries, according to Pangea Property Research:
Sweden: Solid transaction volume in Sweden reaching € 1.3billion in November. The largest deal was Rikshem acquiring 47 residential properties (1,693 apartments) across northern Sweden from Akelius - located in Östersund, Umeå, and Haparanda (€ 205 M).
Norway: Another month with high transaction activity in Norway with 18 deals summing to € 1.5 billion in November. The Norwegian transaction market reached a historical milestone as the 12 months trailing transaction volume breached NOK 100bn (NOK 109bn) ultimo November. The largest transaction was DNB Livsforsikring’s sale of the middle building of the DNB HQ in Oslo (Dr. Eufemias gate 30) to a syndicate led by Arctic Securities for NOK ~3.9bn (€410M).
Finland: Slightly increasing transaction volume in Finland with 10 deals summing to € 0.4bn in November. The largest transaction was the sale of Varma’s 22 business properties to new real estate fund company Serena Properties founded by Varma together with Ratos and Redito (EUR 191.5m).
Denmark: Moderate transaction volume in Denmark with 10 deals valued at € 0.2bn (DKK 1.7billion) in October. For example, Patrizia acquired 127 apartments under development (13,000 sqm) in central Copenhagen (Teglholmen) from FB Gruppen, a Danish development company.
Continuing Strong Transaction Activity
Nordic —
The transaction activity on the Nordic property market is continuing strong. The total volume reached € 3.5 billion in November, according to Pangea, partly driven by a strong transaction market in Norway.
2015-12-11
Nicklas Tollesson
[email protected]