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JM has never seen such low margins

Nordic — JM has already seen a tough start to the year where the number of homes sold has more than halved, and as a result they had to give the staff a notice. If they don't increase sales during this last quarter, more notice may be required, says the CEO. Despite that, they believe in coming transactions and construction starts in the near future.

Eastnine ready to go against the grain: 'Exciting times ahead'

Nordic — Eastnine has a very stable financial position following the sale of the holding in Russian Melon Fashion Group and the redemption of Eastnine's only bond at the beginning of October. CEO Kestutis Sasnauskas summarizes a historic quarter for the company, which now aims to do the opposite of most other real estate companies and actually go on the offensive in the market. Here he explains more about how it could be done.

Exclusive with the global investor – these are Abrdn's aims for the Nordics

Nordic — In the spring the global investment company Abrdn appointed long time employee Anne Breen as its new head of real estate. In an exclusive interview with Nordic Property News she reveals what the transactions strategy looks like under her helm, how they view real estate in the Nordics and what opportunities they see in a market that has plenty of sellers.

Vasakronan appoints new Head of Investments and Projects: "Sweden's leading real estate company"

Sweden Sweden — Vasakronan is strengthening its management team with Martin Kron, who in the spring of 2024 will step up as Head of Investments and Projects. Martin Kron tells Nordic Property News about leaving Skanska after 15 years, how he views Vasakronan and the role he will get there, about lessons the Swedish real estate industry can learn from the Finnish one and about the last time at Skanska.

The largest owners in the Nordic listed companies

Nordic — Since the summer there have been some movements in the ownership list of the listed Nordic real estate companies. Nordic Property News has taken a closer look at who owns most of the capital in the companies.

Heimstaden's massive divestment plan

Nordic — In a new major plan, Heimstaden Bostad will turn its focus to the privatization of housing in five markets. The goal is to establish the BBB rating and pay off debts. When Christian Fladeland, Deputy CEO made his first presentation at the third quarterly report, the privatization was the big question and how this sale will affect the company.

New player sees possible transactions opening up with indebt companies

Sweden Sweden — With several real estate companies struggling with debt situations, new transactions could open up for smaller entrepreneurial companies like Liljebo. Founder Omid Noghabai tells Nordic Property News about the plans for Liljebo.

John Fredriksen increases Fabege ownership

Nordic — John Fredriksen makes new investments in Fabege – passes threshold.

The largest real estate companies on the Nordic stock exchanges

Nordic — Property stocks continue to struggle on the stock market and with report season having begun Nordic Property News has taken a look at the companies' market capitalization to see how much they are now worth.

Sven-Olof Johansson: "A first interest rate cut from the Fed will come in Q1 2024 at the latest"

Sweden Sweden — Fastpartner's CEO, Sven-Olof Johansson, believes that the economic situation in the USA will soon have an effect in Sweden. “The next interest rate change will be a reduction, which will immediately have a positive effect on our results,” he says.

Emilshus turns its eyes to Östergötland and Halland

Sweden Sweden — Emilshus’ financial report for the third quarter of 2023 shows, among other things, a high dividend yield, strong cash flows and a high occupancy rate. “Emilshus is a stable property company, partly because we have long leases and stable property values ​​of seven billion,” says CEO Jakob Fyrberg.

Dahlbo: Next indexation will probably be tougher for some tenants

Sweden Sweden — Fabege delivered a stable Q3 when the results were revealed on Thursday, but the net rental was negative and the value of the properties continues to be written down, this time by almost SEK 1.6 billion. CEO Stefan Dahlbo expects the indexed rent increase for 2024 to land around six percent, and he believes that this increase may be tougher for more tenants to cope with compared to the one for 2023.

Despite slow transaction climate – Byggvesta believes in good returns

Sweden Sweden — During 2023, Byggvesta has made three divestments – two in central Gothenburg and one in near Stockholm. According to acting CEO Catarina Fritz, they are now done with the divestments that were needed to continue developing Byggvesta's operations.

Entra struggling on the stock market – cancels dividend for H1

Norway Norway — Norway's largest real estate company Entra is owned by almost three quarters of Balder and Castellum, an investment that has dropped in value since they started investing in the company almost three years ago. The share is now down to levels for which it was last traded in January 2017. Wednesday's Q3 report did not have any significant impact in any direction, but the company's CEO Sonja Horn emphasizes that the company still focuses on strengthening the balance sheet and continues with its divestment program, but they will not sell properties at any discounts.

The analyst predicts: it will get better – but first it will get even worse

Sweden Sweden — The interest rate highs stand like sports holiday youngsters in a lift queue and the unrest in our world affects the economic reality. But how have the changed rules of the game actually affected the Swedish housing market? Jesper Hansson is a macro analyst at Swedbank and he tells us that the real economy is slowing down more in Sweden than in the rest of the world. “It will get worse before it gets better, so says our forecast.”

Mipim MD: “We need to learn from the Nordics and others need to mature”

Nordic — Mipim's Managing Director Nicolas Kozubek is on his way to Oslo and Stockholm, where he will meet the industry under the topic of sustainability. It is in part a response to that ESG have gone from a theme at the real estate fair in Cannes, to become a part of its DNA.

Norwegian hotel billionaire has another high rise wooden tower in sight

Sweden Sweden — 100 meters tall with 240 hotel rooms and built entirely of wood – this is what the plans look like for AB Invest's next impressive wooden tower on Swedish soil. After the high-flying plans in Kista, the Norwegian hotel builder now also wants to establish a wooden tower in the western parts of Sweden, designed by Wingårdhs. Nordic Property News reveals more with illustrations of the intended landmark.

New advisory company launched in Sweden

Sweden Sweden — In the spring, Philip Kouvatsis left Colliers to embark on a new venture. Now he is back with his own company Delta Real Estate Consulting. He tells Nordic Property News about the company, what type of business he wants to engage in, which markets he sees himself operating in, the company's future plans and what it's like to do business in the current transaction climate.

Biljana Pehrsson: "It's the team"

Nordic — After many years as CEO on the commercial side, Biljana Pehrsson somewhat unexpectedly took over the CEO position at Nordr in Sweden. Why did she choose to go that way? What lessons and experiences from the years at Kungsleden can she take with her into her relatively new assignment? From the stage at Fastighetssverige's event Stora bostadsdagen, Biljana Pehrsson talked about the first time at Nordr and what she still has to learn in the housing segment.

Left CBRE – returns with a new company

Finland Finland — Six months after he left CBRE, Ilkka Niska returns to the industry. This time with his own company INREA. He tells Nordic Property News about the new advisory company, the focus of the new company, what clients INREA will work with, what he brings with him from his time at CBRE and what he learned during his break from the industry.

Verdion: This is the Nordic hotspot for logistics

Nordic — Johan Nihlmark, Head of Business Development Nordics at Verdion, tells Nordic Property News about the investment opportunities in the Nordics, how well capitalized the giant is, and when they will enter Finland and Norway.

Ånäs sees resilience in the lack of discounts in the market

Sweden Sweden — The transaction market in Q3 was the weakest third quarter since 2009 and not many deals are done in Atrium Ljungberg's main segment, but CEO Annica Ånäs sees resilience in the companies in the fact that the sales made in the market are not made at any discounts. How Atrium Ljungberg will act in the future is unclear, but the company as a whole presented the strongest quarter of the year so far when the Q3 was released on Thursday.

Here are the Nordic top transactions in Q3 2023

Nordic — Nordic Property News presents the largest transactions on the Nordic property market in the third quarter of 2023.

The small house manufacturer closes factory: "The Finnish market is dead"

Nordic — Earlier this week it became clear that Älvsbyhus has been forced to notify 40 employees in Sweden. Last month, a decision was made to close a factory. However, CEO Kent Johansson believes that just in time for the rays of the spring sun, the market should improve.

Randviken trio back with the new venture Flexfast

Sweden Sweden — The former Randviken CEO Gustaf Segerborg is back with a new company. Together with Anton Jansson and Douglas Westerberg, he has started Flexfast, which will invest in warehouse and light industrial properties. Gustaf Segerborg tells Nordic Property News about the new company, which price range and which areas they are looking for new properties in, and about the competition in the hot warehouse and light industrial segment.