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The companies with the highest profits from property management

Nordic — Which companies actually had the industry's highest management result Q1? Nordic Property News has reviewed the listed companies' reports for the first three months of the year.

The Nordic top sellers in Q1

Nordic — Nordic Property News presents a list of the top sellers among the listed Nordic companies in Q1.

Oscar Properties appeals the district courts ruling on restructuring

Sweden Sweden — At the beginning of the week Nordic Property News revealed that Oscar Properties had also been rejected on its second restructuring application, while the bankruptcy hearing that was to be held on Monday was canceled pending supplementary documents. Now Nordic Property News can reveal that the company has appealed the decision from the first restructuring application, and here we can tell you more about what Oscar Engelbert and his attorney's write in the appeal.

The Nordic top buyers in Q1

Nordic — After a slow start to the transaction year Nordic Property News presents a list of the top buyers among the listed Nordic companies in Q1.

Sverker Källgården appointed new CEO of Nivika: "A perfect fit"

Sweden Sweden — Sverker Källgården is back in the limelight as he is announced as new CEO of Nivika. Sverker Källgården tells Nordic Property News why he sees the company as a perfect match for himself, how Nivika will move forward with him as CEO, about having the founder and former CEO Niclas Bergman remain in an operational role in the company and why he thinks the company is well equipped to grow in the current market climate.

Jacob Karlsson on Gothenburg growth and divestments in Denmark

Sweden Sweden — K-Fastigheter's CEO Jacob Karlsson sees the Gothenburg market as the most important for the company in the coming years. For Nordic Property News he explains why the company wants to focus on the country's second largest city, how to grow and why now is a golden opportunity to sell assets in Denmark.

The companies with the highest occupancy rates

Nordic — Nordic Property News presents a list of the current occupancy rates among the listed Nordic real estate companies.

The companies with the lowest ICRs

Nordic — Nordic Property News presents a list over the Nordic listed companies with the lowest Interest Coverage Ratios by Q1 2024.

Oscar Properties denied corporate restructuring again

Sweden Sweden — On Monday a bankruptcy hearing was held regarding Oscar Properties and the district court informs Nordic Property News that no decision on bankruptcy was made. However, Nordic Property News can reveal that the company's second application for corporate restructuring has been rejected by the district court, on similar grounds as the first application.

The highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had by Q1 2024.

Tritax Eurobox's view on the Nordics after the new divestment

Nordic — Tritax Eurobox continues its divestment program and sells another property in Sweden. After selling two of its four Swedish assets within six months, Alina Iorgulescu, Investment Director at Tritax Eurobox, tells Nordic Property News how the company sees the Nordic markets going forward.

"Could be seven difficult years for the residential market"

Sweden Sweden — Darkness and hints of light are what the bank SBAB's Chief Economist Robert Boije sees when he looks out at the residential market in Sweden. But the fact that the Swedish central bank, Riksbanken, has now lowered the interest rate is one of the pieces for positive signs for residential developers.

A shift on the Swedish community property market: "More sellers"

Sweden Sweden — RE Equity Omsorg takes a big step on the way towards its growth target by acquiring community properties for SEK 800 million. CEO Max Qwarnström tells Nordic Property News about the new acquisition, how to reach the goal of approximately SEK 3 billion in property value within two years, where and with what type of properties they want to continue growing and about the changed competitive situation within the community property segment.

Besqab lays off 25: "Through the merger, unfortunately, a redundancy arises"

Sweden Sweden — On Wednesday, Besqab announced that it intends to notify 25 employees of redundancy following the merger between Aros Bostadsutveckling and Besqab. The new company's CEO, Magnus Andersson, tells Nordic Property News about the announcement and how it feels to give the news to the employees.

Verdion's future plans for the hot Öresund market

Nordic — Verdion continues the Nordic expansion – this time through an acquisition in Malmö. Fredrik Salman, Investment Manager at Verdion, tells Nordic Property News about the hot Öresund market, how Verdion wants to grow in the market and about making more brownfield investments.

Joacim Sjöberg: "We sell because we want to – not because we have to"

Sweden Sweden — When Castellum's CEO, Joacim Sjöberg, presents this year's first quarterly report for the company, he can state with satisfaction that Castellum delivers an increased management result compared to the same period last year. He also says that the company may well consider starting to buy again. "There are, of course, strategic areas in which we want to grow."

"We want to invest in properties that meet our quality requirements"

Norway Norway — KLP Eiendom makes a change at Managing Director when Ellen Langeggen succeeds Gunnar Gjørtz following his retirement. Ellen Langeggen tells Nordic Property News about the step up within KLP Eiendom, her view of the company’s position, the most important task going forward, the growth ambitions for the company and how she views the current market situation.

Peab's CEO: "Continuously weak housing market – but think the bottom has been reached"

Nordic — When Peab sum up their first quarter in 2024, it shows a strong order intake for the period. However, the market in the Nordic region is highly varied: there is good demand for construction, covering and other house building, while the housing market continues to be weak.

Here is Oscar Properties' plan for the corporate restructuring

Sweden Sweden — The bankruptcy threat hangs over Oscar Properties at the same time as the company applied for corporate restructuring, a measure that, if it goes through, will mean that founder Oscar Engelbert will leave the company completely. Documents that Nordic Property News has seen show what the company's reconstruction plan looks like: * The plan for new leadership * The decision regarding the liquidity * Options for refinancing

How Doxa will work to realise the values in Serneke

Sweden Sweden — Doxa's CEO Victor Persson is dissatisfied with the company's negative results during the first quarter and the write-downs in Serneke that they are forced to make, but he takes note of the positive sale of the building rights in Karlastaden and he believes that the transaction market is very close to a turnaround. Here he tells more about this in an interview with Nordic Property News.

Tomas Carlsson: "We are not immune to the current situation"

Nordic — It is the same market as last year. That's what NCC's CEO Tomas Carlsson says when he comments on the market outlook. Even if certain areas of the company have a somewhat tougher time, the cash flow is positively affected by the fact that they have not invested in property development during the first quarter.

Swiss Life AM looks to grow on the Finnish market

Finland Finland — Swiss Life Asset Managers expands in Finland. After the latest acquisition, Kristian Korbu, Senior Transaction Manager at Swiss Life Asset Managers, tells Nordic Property News about the company’s growth plans for the Finnish market, how he views the competition and how he sees the market developing during the remainder of 2024.

Skanska believes in a residential lift after the interest rate cut

Sweden Sweden — Skanska increased the number of homes sold and constructions started during the first quarter of the year, but from very low levels. The company is under pressure in the low-price segment, where Boklok made a loss of SEK 146 million. CEO Anders Danielsson finds it encouraging that the development has nevertheless started to go in the right direction and now hopes that the Riksbank's interest rate cut will give a lift to the pressured segment.

The new Nordr Sweden CEO: "There are great opportunities"

Sweden Sweden — After 19 years at Veidekke and later what became Nordr, Mårten Othérus has held the titles of regional manager, business development manager and investment manager. Now he can put CEO on the merit list. He comments on how he wants to tackle the company's development going forward.

How Areim wants to develop its Stockholm office portfolio

Sweden Sweden — Areim makes a new acquisition in Stockholm's office market. Julia Mejegård, Head of Investments Sweden, tells Nordic Property News about the plans for the development of Grönstedska palatset, the current status of the Stockholm office portfolio, how Areim wants to develop it going forward and which parts of Stockholm they see as attractive for new acquisitions.