Nordic real estate shares skyrocket following inflation numbers from the Fed

Nordic — Nordic, and especially Swedish, real estate stocks went through the roof following the inflation report from Federal Reserve. Nordic Property News lists the largest risers.

CEO Leiv Synnes wants a wiser SBB

Sweden Sweden — SBB presents its report against the background of a few turbulent months. During the year, a large sales attempt was carried out to save the company in crisis. Ambition to be wiser and more thoughtful when it comes to liquidity, while also resolving debt.

Folksam appoints new Property Director

Sweden Sweden — Folksamgruppen strengthens the property division with Jonas Bjuggren as new property director. He tells Nordic Property News about what attracted him to Folksam, how he views his new position, how he views Folksam's property operations and portfolio, and gives his view of the challenges in the property market.

"The new capital gives us the conditions to be a continued offensive player"

Sweden Sweden — With an extensive new issue and a large number of apartments that will be completed during the fourth quarter, CEO Jacob Karlsson feels confident that K-Fastigheter can be equipped for the future.

New coworking expansion plans for Revelop

Sweden Sweden — Revelop continues to expand its coworking venture C/O with a new establishment in Mölndal. Gabriel Andersson, Head of Operations C/O at Revelop, tells Nordic Property News about further establishment in the Gothenburg area, about the possibilities of taking the concept to more cities than Stockholm and Gothenburg and gives his view on how the coworking market in Sweden will develop in the future.

Yield projections for the Nordic housing markets

Nordic — Both housing rents and housing yields are trending upwards in Europe, according to Catella’s European Residential Market Overview for Q3 2023. Prof. Dr. Thomas Beyerle, Group Head of Research at Catella, tells Nordic Property News about the projections for yields in the Nordics going forward.

NCC flagship projects remains unsold: "We'll do anything – but not at any price"

Nordic — Recently NCC presented its latest report. In it there were both flashes of light and some dark clouds. CEO Tomas Carlsson believes that a certain distance is required from the individual report in order to put things in context. But it will be particularly difficult in the commercial segment ahead.

Leaves Savills – starts new company

Sweden Sweden — Fredrik Palmgren leaves Savills for a new venture in project development and starts his own company Dopo. He tells Nordic Property News about the business, the company's goals, which segments and markets the company will be active in and shares his view on the market situation for project development.

Cibus increases the result in Källgården's last report

Nordic — On Tuesday, Cibus presented its interim report for the third quarter of 2023. The company was able to show an increased profit from property management during the third quarter, compared to the same period the year before. Leaving CEO Sverker Källgårdens submits his last interim report in a positive spirit: "I have a bright view of Cibu's future."

October 2023: The Nordic top transactions

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in October, 2023.

Leaves Skanska for senior position at Niam

Sweden Sweden — Niam strengthens the team with a new senior hire.

Skanska's future plans for its own portfolio

Sweden Sweden — Skanska adds a new large office property to its own book when Sthlm 04 is acquired for SEK 830 million. Jan Odelstam, business unit manager for Commercial Development Nordic at Skanska, tells Nordic Property News about the work of building Skanska's own portfolio, how the company views future acquisitions and why the current situation on the transaction market does not affect the work with the own portfolio.

Klövern set to develop new homes in Stockholm

Sweden Sweden — This year, Klövern has plans to start at least 800 homes in Kista. Now it may soon become relevant for additional housing in southern Stockholm. Nordic Property News takes a closer look at the situation.

This is how Heimstaden will succeed with massive sales plan

Nordic — Recently, it was announced that Heimstadens Bostads plans to sell approximately 25,000 homes from the stock in five different markets. All in all, it should bring in SEK 85 billion (EUR 7.2 billion) for the company. Rita Berg Hansen has now been tasked with leading the work on the sales challenges expected in the coming years.

Balder adds key-player from Unibail-Rodamco-Westifeld

Sweden Sweden — Balder strengthens the team with new Head of Leasing for retail.

Finnish giant predicts a sharp fall in house prices

Finland Finland — Finnish housing company Kojamo's total revenue landed at 112 million euros in the third quarter, which is an increase of 5.7 percent, while net rental income increased by 6.3 percent to 83.1 million euros compared to the same period last year, when the figure was 78 ,2. "Our business has developed as expected and our results are stable," says the company's CEO, Jani Nieminen.

Castellum yearns for the European bond market

Sweden Sweden — Castellum continues to feel strong, the company announces during its Q3 presentation – not least because despite the CPI indexing of rents, it has not yet given the tenants hiccups. But one thing that has become clear over the past year is that there are different groups of property companies on the bond market – there are winners and losers.

Global giant increases significantly in Castellum

Sweden Sweden — Global giant increases Castellum holding by 65,7 percent – rises in the list of owners.

Specialfastigheter's new CEO: Many large requests to expect

Sweden Sweden — Major demand for Specialfastigheter in the hot segment. The newly appointed CEO Alexandra Laurén on how to manage the demand, the challenges, and what's in the company's pipeline.

Hard times for Nordic real estate stocks in October

Nordic — There were somber tones for the Nordic real estate companies on the stock exchanges in October. Almost all of the shares dipped with a few exceptions. Nordic Property News presents a list of the companies' performance during the tenth month of the year.

CA Fastigheter's CEO steps down

Sweden Sweden — After 2.5 years with Andreas von Hedenberg at the helm, CA Fastigheter will in the future have to look for a new CEO since von Hedenberg announced that he will leave the company. Andreas von Hedenberg tells Nordic Property News about the decision to leave the company and Johan Damne, chairman of the board of CA Fastigheter, tells what qualities and skills are being looked for in the next CEO.

After the Telegrafen purchase – Norwegian Property ready for new acquisitions

Norway Norway — Norwegian Property keeps building its Oslo CBD portfolio – this time through the acquisition of Telegrafen. CEO Bent Oustad tells Nordic Property News about the acquisition, what kind of new acquisitions Norwegian Property looks for, the growth ambitions in Oslo CBD and shares his view of transaction market at the moment.

Here's why the listed property companies will continue to struggle

Sweden Sweden — JLL Sweden's Head of Research Niclas Höglund on the dark month of October for det Swedish listed real estate companies and when we will see a much brighter trend, going forward.

The heavyweights' different views on Entra holdings – Balder sees no need for a write-down

Nordic — Entra's two largest owners, Castellum and Balder, both submitted their Q3 reports on Friday, and there it appeared that they have different views on their holdings in the Norwegian real estate company. Castellum has chosen to make a write-down of close to SEK 0.5 billion, while Balder has chosen to leave the value unchanged. Balder’s CEO Erik Selin comments on Balder's view of the Entra holding and shares his view of the bond market.

Corem's Rutger Arnhult: "The stars have aligned"

Nordic — Corem's CEO Rutger Arnhult answered questions when the company's interim report was presented yesterday. Among other things, he talked about the possible continued sale of the portfolio and about the net operating margin, which has improved compared to the previous year.