The May figures for the Nordic countries, according to Pangea Property Partners:
Sweden: Monthly transaction volume reaching EUR 1.1bn (SEK 10.0bn) with 33 transactions in May. The largest deal was Technopolis acquiring the Telia-building in Gothenburg from Niam (SEK 1.2bn). In addition, Blackstone/Areim has divested two major public sector properties in Linköping and Östersund to Intea Fastigheter in the beginning of June (SEK ~3bn).
Norway: Increasing transaction volume reaching EUR 0.5bn (NOK 4.8bn) in May. The largest transaction was Entra’s acquisition of three prime office properties at Skøyen from Norwegian Property (NOK ~2.5bn), the largest transaction in Norway so far in 2016.
Finland: Solid transaction activity with 11 deals reaching EUR 0.4bn in May. The largest transaction was SRV’s acquisitions of a land plot in Kalasatama, Helsinki, for development of six residential properties in connection to the upcoming REDI shopping center. The price was EUR 94M and will be paid in phases until end of 2018.
Denmark: Monthly transaction volume of EUR 0.5bn (DKK 3.6bn) in May. The largest deal was PFA Ejendomme acquiring 500 apartments in Copenhagen, Fredriksberg and Gentofte from UK-based Resolution Property Fund (DKK 1.45bn).
Transaction volume € 2.5 billion in May
Nordic — The transaction activity in the Nordics was moderate in May, with 61 transactions summing to EUR 2.5bn, according to Pangea Monthly Update.