Image

SBB stands by the dividend in June – after that it stops

Sweden Sweden — It was a hopeful Leiv Synnes that presented SBB's Q1 report on Monday, where the company reported a negative but still improved result compared to the corresponding period in 2023 and where the rate of decline in property values has started to slow down precariously. Here, Leiv Synnes tells us more about his positive view of the market, the status of the company's deferred dividend and how they will continue to act to strengthen the company's liquidity.

"We look forward to increasing significantly in Stockholm"

Sweden Sweden — Revelop makes its first acquisitions with the new fund Revelop VI. Revelop's CEO Thomas Sipos tells Nordic Property News what new acquisitions they are looking for, in which markets they want to invest, the favorable market situation and the international interest for the fund.

Selin: "Having negative numbers is painful"

Sweden Sweden — 2024 is progressing at a steady pace for Balder and CEO Erik Selin is not expecting any revolutionary events during the year and likely no project starts either. But one detail that rubs off on the Balder founder is the company's most important performance measure, which during Q1 decreased by ten percent compared to the same quarter in 2023. "We don't like negative numbers," says Erik Selin during the report presentation.

Here are the strongest office markets in Helsinki

Finland Finland — Croisette adds to its Finnish team with the recruitment of Niklas Forsell. The new Head of Leasing tells Nordic Property News about his new role with Croisette, how he views the Finnish rental market at the moment and going forward, and about new office needs among Finnish companies.

Areim's new European venture with VGP: "Strong demand for modern and sustainable properties"

Nordic — Areim enters into a new joint venture with a focus on Central Europe together with VGP. After the first acquisition through the JV, Erik Vikbladh, CIO and Partner at Areim, tells Nordic Property News about the partnership with VGP and how the logistics markets in your focus countries France, Germany, Hungary, the Czech Republic and Slovakia differ from the markets in the Nordic countries.

Diös' CEO: "There is a lot going on in our market"

Sweden Sweden — Diös delivers a quarterly result that is down slightly compared to the same period last year. At the same time, the company is preparing for new business opportunities going forward. CEO Knut Rost tells Nordic Property News about the future of Diös, the transaction market and green transition.

MSCI's Chief Analyst: "A significant repricing is required"

Nordic — MSCI's Chief Analyst Tom Leahy provides an outlook for how transaction volumes may develop, where the competition for the offices is and how international players can now enter the Swedish market.

The winners and losers on the stock market in April

Nordic — After a strong rebound in March, real estate shares on the stock exchange retreated again in April and most companies ended up in the red. Nordic Property News presents a list of the winners and losers on the stock market during the fourth month of the year.

Vasakronan CEO on the first acquisition in five years: "The market situation has changed"

Sweden Sweden — After the first acquisition in half a decade, CEO Johanna Skogestig explains how she sees Vasakronan's portfolio going forward. At the same time, she sees a certain instability in Stockholm's office market and the company now has a vacancy of ten percent in the portfolio.

"Shows that we are serious about our investment in Finland"

Finland Finland — Strawberry continues its expansion in Finland. The company is taking over the storied Hotel Katajanokka on Katajanokka in Helsinki – and establishes its Clarion Collection concept in the Finnish market. Chief Development Officer Daniel Stenbäck tells Nordic Property News about the importance of launching the Clarion Collection in Finland, about Helsinki as a hotel city and about the possibility of entering new Finnish cities.

"The idea is two business areas under the same umbrella"

Nordic — In the first quarterly report for 2024, K-Fastigheter announced that the company has now adopted a new business plan and laid out a new strategy. In addition, the company has now made a clearer division between undertaking and management. CEO Jacob Karlsson has answered Nordic Property News' questions about the report and the way forward.

Listing day for SBB's spin-off PPI: "The price for current shareholders will be high"

Norway Norway — SBB's spin-off Public Property Invest (PPI) has now been listed on the Oslo Stock Exchange with the starting price set at NOK 14.50. The deal is worth a total of NOK 1,750 million and the company will initially get SBB's former CEO Ilija Batljan as CEO. Nordic Property News has spoken to savings economist and investment platform Levler's founder Joakim Bornold about why SBB is carrying out the special listing and what it means for the respective futures of both struggling companies.

Strong sports event summer could lift Pandox and the hotel market

Nordic — Pandox and the hotel market as a whole had a positive development during the first quarter of the year and there is hope for an even stronger lift in the summer when both the Euros in Germany and the Olympics in Paris will contribute to increased activity on the market. Here, Pandox CEO Liia Nõu tells us more about the company's development and future prospects, and industry expert Thomas Emanuel reports on the situation in the European hotel market, which has now, among other things, recovered past the levels that prevailed before the pandemic.

Stefan Dahlbo: "We may see black swans flying around"

Sweden Sweden — A boring year. It is CEO Stefan Dahlbo's outlook for the market in 2024 that he shares at the presentation of the first quarter for Fabege. Two large vacancies and long lease negotiations are two of the factors that concern him.

Mixed signals in the Wihlborgs office market

Nordic — Regardless of what happens next, Wihlborgs must be ready, says CEO Ulrika Hallengren at the presentation of the first quarterly report. The company, which this year celebrates 100 years, can also look forward to a record start in 2024, while still keeping its foot lightly on the brake.

Neobo's strategy going forward: First divestments – then acquisitions

Sweden Sweden — The real estate company Neobo continues to reduce its vacancies and increase its occupancy rate. On the other hand, the company reports a significantly lower operating result during the first quarter, compared to the same period the year before. The company's CEO, Ylva Sarby Westman, tells Nordic Property News: "We must work with all lines in the income statement if we are to succeed."

Arnhult joyful over the net rental and the bond market

Sweden Sweden — Corem's CEO Rutger Arnhult sees the net rental of 49 million as the most positive thing about the company's first quarter and sees the turnaround in the bond market as "incredibly positive". At the same time, the vacancy rate has increased further and is now at 14 percent. Here he tells more about the company's path forward and how the company views projects and acquisitions going forward.

Johan Skoglund: "The banks are a bit more stingy these days"

Nordic — JM has submitted its interim report for the first quarter of 2024 and a satisfied Johan Skoglund meets the press in this, his very last presentation as president and CEO of the company. Because even though the financing budget has shrunk a little in recent years and revenues at national level have decreased, the company's sales are up by 60 percent compared to the previous year's report. "We plan to start more homes this year than we did in 2023," says Johan Skoglund to Nordic Property News.

Short positions are decreasing in the listed giants

Nordic — An updated review by Nordic Property News shows that short selling is decreasing in the largest real estate companies on the stock exchange, where pressured SBB is still the entire stock exchange's second most shorted stock. A residential company under pressure has almost got rid of all its short selling in the first months of the year.

The Founder divests large portions of his Nyfosa holdings

Sweden Sweden — Nyfosa’s Founder Jens Engwall has divested a large chunk of his holdings and exits the top ten list of the company’s largest owners.

The largest owners in the listed Nordic real estate companies

Nordic — Nordic Property News has taken a closer look at who owns most of the capital in the Nordic listed property companies. Here is the full list.

"We are interested in logistics acquisitions in all Nordic countries"

Nordic — After making its first logistics acquisition in Norway, Niam is committed to further growing its logistics portfolio in the Nordics. Henrik Gerdin, Fund Manager at the company, tells Nordic Property News about which markets Niam wants to grow in, which boxes need to be checked when looking at logistics, how Niam views the competition within the segment and how he sees the logistics markets will develop in the future.

Panattoni breaks ground on Gothenburg project: "One of Sweden's best logistics locations"

Sweden Sweden — Panattoni has started the construction of its first project in Gothenburg. Fredrik Jagersjö Rosell, Managing Director at Panattoni Sweden, tells Nordic Property News about the development in Gothenburg, how to view the Gothenburg market, the growth plans in Sweden, the possibility of taking on more brownfield projects and about the start for Panattoni in Denmark.

Sven-Olof Johansson: "Every day that goes by without interest rate cuts, the situation worsens"

Sweden Sweden — Fastpartner's Q1 report shows increased rental income by 4.1 percent and an operating net that increased by 2.3 percent. However, the management profit decreased significantly, by 25.2 percent, and CEO Sven-Olof Johansson is now calling for lower interest rates immediately.

New player on the Swedish market – this is how they want to grow

Sweden Sweden — The brand new company Muro Invest got off to a flying start during its entry into the market by making a SEK 1.1 billion acquisition from M2 Gruppen in Jönköping. CEO Philip Sjöbring tells Nordic Property News about the company's offensive start and what the ambitions look like going forward.