The Companies with the Highest and Lowest Vacancy Rates in 2022

Nordic — Nordic Property News presents a list of 2022's vacancy rates among the listed Nordic real estate companies.

The Norwegian Oil Fund Has Divested Almost Everything in SBB

Sweden Sweden — Nordic Property News has mapped the Norwegian oil fund's holdings in Swedish listed real estate companies during 2022, and one find is that the fund sold almost its entire holding in SBB last year, a holding that was worth NOK 1.6 billion when 2022 started. Here you can read about how the ownership has changed in other property companies compared to 2021 and see which new companies the fund has holdings in as of 2022.

February 2023: The Nordic Top Transactions

Nordic — Nordic Property News lists the largest transactions in the Nordics during February, 2023.

The Nordic Preference Shares with the Highest Dividend Yields

Nordic — Nordic Property News has listed the Nordic real estate companies’ preferred stocks. Which stock provides the highest yield and which stock has had the best development during 2023?

The Costs of Castellum's Management Changes

Sweden Sweden — Castellum is currently looking for its third CEO after Henrik Saxborn's successors Biljana Pehrsson and Rutger Arnhult left the post at the beginning and end of 2022, respectively. The company has gone through a number of changes in the leading chairs in the past year and based on the annual report released earlier this week, Nordic Property News can tell you how much more the company paid out to its CEO:s and deputy CEO:s in 2022 compared to the more quiet 2021.

Share Price Drop for Balder After Rating Blow: "Creates an Uncertainty"

Sweden Sweden — On Wednesday, Balder received a lowered credit rating from the rating institute Moody's, to Ba1 from previously Baa3, while the outlook for the rating is considered stable. The announcement caused Balder to fall five percent on the stock market and took many other real estate companies with it in the decline. Handelsbanken's analyst Johan Edberg tells Nordic Property News that the rating announcement was expected but that it has a signal value and can create long-term uncertainty around Balder. Balder on the other hand believe that Moody's report contains "factual deficiencies".

Jeudan Stands Strong in Challenging Times: “A Net Buyer in Copenhagen”

Denmark Denmark — Per W. Hallgren, CEO of Jeudan, on the 2022 results, the upcoming challenges on the market, and future investment targets.

February Struggle for Nordic Real Estate Stocks

Nordic — After a strong January, there was a rebound in the negative direction in February for the listed part of the nordic real estate sector, only eight companies saw their share price improve during the month. Here, Nordic Property News presents a list of how the companies performed on the stock exchange during the second month of the year.

Mörndal Sees Brighter Times for M2

Sweden Sweden — "The main drop in value has already been taken and we will be stronger in a year's time," M2's CEO Jakob Mörndal tells Nordic Property News.

Updated list: Largest Shareholders in the Nordic Companies

Nordic — Corem recently sold its entire holding in Castellum, and Nordic Property News has therefore taken a closer look at who the biggest shareholders are in the listed industry giants. Here is the full list.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.

Survey: Four Out of Ten in the Industry Have Witnessed Bribery

Nordic — Disrespectful behavior, nepotism and passive leadership. In a survey conducted by Nordic Business Ethics, it can be deduced, among other things, that four out of ten in the construction and real estate industry in the Nordics have witnessed bribery.

Henrik Saxborn: "I Won't Stop Until Putin Stops"

Sweden Sweden — The former Castellum CEO tells Nordic Property News about his deep commitment to Ukrainian refugees, a work that has now been going on for almost a year. He talks about testimonies, lessons and the challenges that arise for the Ukrainians who are now in Sweden. Last week he also participated in a large fundraiser together with Bygg-Göta to raise money for more bulletproof ambulances to be sent to Ukraine.

"The War Accelerated the Problems in the Real Estate Market"

Nordic — Today, February 24th, marks one year since Russia launched its full-scale invasion of Ukraine, a war that is still ongoing. From the perspective of the real estate market, the war has had an insignificant impact compared to the colossal suffering experienced by millions of people in Ukraine, although some aspects were accelerated by the outbreak of the war. Anders Elvinsson, head of valuation and strategic consulting at Cushman & Wakefield, tells Nordic Property News more about this.

After the Major Clean-up in 2022 – These Are Batljan's Aims in 2023

Sweden Sweden — 2022 was a major clean-up year for SBB – everything was done to achieve a better balance sheet and reduce debt. That job does not end at the beginning of 2023, but Ilija Batljan also approaches the year with the hope of a thawed bond market and a continued collaboration with the Canadian investor Brookfield, which will stimulate growth for both players in Europe in the coming years.

Corem Continues to Sell: "Divestments Can Create Great Opportunities"

Sweden Sweden — On Tuesday, CEO Eva Landén set the course for 2023, which means that Corem will continue to be a net seller. The assessment is that, despite the lack of transactions that lowered the property value by four percent in the company, there are good deals to be made during the year. For Corem, the cash flow must be replenished and the interest coverage ratio increased as the management result fell by over ten percent compared to the previous year.

“The Entire Nordic Region Is Interesting to Us”

Nordic — Storebrand continues its Nordic expansion and recruits three new key members to the team. Truls Nergaard, Head of Real Estate at Storebrand, tells Nordic Property News about the state of the team, new opportunities in the Nordics and what sectors Storebrand are targeting for investments.

Daniel Kjørberg Siraj Resigns from the Veidekke Board

Norway Norway — Daniel Kjørberg Siraj, board member of Veidekke and CEO of OBOS, has informed Veidekke that he is resigning from the company’s board of directors after having been nominated for a place on the board of NCC. He tells Nordic Property News more about the decision and his future.

A New Era for Commercial Real Estate

Nordic — The global markets were immediately and dramatically effected by the Russia-Ukraine war. One year after the war’s tragic outbreak, Tom Leahy, Head of EMEA Real Assets Research, a part of MSCI, talks to Nordic Property News about the end of the low interest and a world in which commercial real estate is no longer a bond proxy.

Balder's Plans Could Be Merged with Duo

Sweden Sweden — Balder and Älvstranden Utveckling are involved in the plans that will add over 1,000 new homes to the district of Sannegården in Hisingen, Gothenburg. Now a trio of plans will be merged for better urban development on the site. Nordic Property News gives you more details about the coming exploitation.

New Yield Expectancies for Sweden's Major Cities

Sweden Sweden — Here is the expected development of yields in Stockholm, Gothenburg and Malmö, according to SEPREF’s consensus forecast.

JLL's Expert: The Case for and Against Properties on the Stock Exchange

Nordic — Since October 2022, the real estate sector of the stock market has slowly started to recover from the slaughter in the first nine months of last year, although February has been a weak month so far. JLL's head of analysis Niclas Höglund gives his view of what he believes speaks for and against the property shares right now and going forward.

CBRE Appoints New Head of Research in Sweden

Sweden Sweden — CBRE is strengthening its analysis work through the recruitment of Annika Edström as the new Head of Research in Sweden. She tells Nordic Property News about her start at CBRE, her new role and what she hopes to bring with her from her latest assignment as an app creator.

Diös' CEO Doesn't Rule Out Being a Net Seller in 2023

Sweden Sweden — As the largest real estate company in northern Sweden, Diös is often at the forefront of trends in the real estate industry, but also catches a large part of the wind when the wind blows hard. CEO Knut Rost tells Nordic Property News more about the company's year end results and the ambitions going forward.

They Send the Most Danish Participants to Mipim

Denmark Denmark — With this year's Mipim just a month away, Nordic Property News takes a closer look at how many participants go to Cannes from the various Nordic countries and what companies send most employees to Mipim. First out are the Danish participants.