Image

Corem's Massive Divestment Journey

Nordic — Since the acquisition of the old version of Klövern went through, Corem has started a serious divestment project. Nordic Property News has taken a closer look at the work which – in addition to the sales to the own JV company with ALM Equity and the disposal of all shares in Castellum – after the latest sale in Denmark now amounts to close to SEK 10,833 million (approximately EUR 927 million) since December 2021.

Updated figures: 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?

Round Hill Capital on Nordic hunt: "We continue to seek additional opportunities"

Nordic — Round Hill Capital’s European Residential Income Fund II closes following a final tranche of EUR 90 million secured in May. Kirk Lindstrom, CIO at Round Hill Capital, tells Nordic Property News about the volatility in the global capital markets and its effects, the Nordic investment plans, and which country in the region the investor sees as the most attractive.

These are the highest valued Nordic property companies

Nordic — Nordic Property News presents the current market capitalization among the Nordic real estate companies on the stock exchange.

Odevo rises to the top property manager after acquisitions in the USA

Sweden Sweden — Odevo has made its third acquisition in the United States and with the four billion deal grows into one of the world's largest players in property management. This just one year after establishing itself on the other side of the Atlantic. Daniel Larsson, CEO of Odevo, comments on the deal and talks about the plans for the company.

After the blockbuster investment: Here are Kinland’s Nordic targets

Finland Finland — Kinland’s CEO Benjamin Thorsen on the Finnish portfolio acquisition, the market for social infrastructure, and the challenges in financing at the moment.

Logicor's growth ambitions for the hot Swedish logistics market

Sweden Sweden — Logicor continues to make acquisitions in Sweden, this time through a purchase in Gothenburg from Grandab Fastigheter II. Christoffer Walljaeger, Director, Asset Managemen in Sweden at Logicor tells Nordic Property News about the acquisition, his view of the Gothenburg market and where Logicor wants to grow in Sweden.

European investor makes asset rotation – divests Finnish portfolio

Finland Finland — As part of its asset rotation programme, the company has signed an agreement to sell a portfolio of 10 buildings in Finland.

Evli’s Head of Real Estate: “The deal flow is more limited than earlier”

Finland Finland — Jaakko Ristola, Head of Real Estate at Evli on his new role since the merge with EAB, and the investment targets in a more challenging market.

Besqab lays off close to one third of its staff

Sweden Sweden — Besqab lays off 40 employees due to changed market conditions; which for Besqab means lower production volumes as a result of the deteriorating market situation which is behind one third of the working group now receiving a notice. "We will still have a large and strong core left," says CEO Carola Lavén to Nordic Property News.

Stock expert on SBB's future on the OMXS30 list

Sweden Sweden — On July 1, it is time for Nasdaq Nordic's largest index, OMXS30, to make the next revision regarding which 30 stocks will be included in the coming six months. SBB was included almost a year ago and is one of the most traded shares in the index, but the question is whether the turbulence in the company and the volatility in the share could endanger the company's place in the index? Nordic Property News reviews the factors that could lead to an exclusion and Aktiespararna's general counsel Sverre Linton gives his view on SBB's future in the index.

“The Nordic market shares similarities with all European markets”

Nordic — Patrizia appoints Erik Beets as Head of Asset Management for the Netherlands and Nordic Region. To Nordic Property News Beets shares his view on the Nordic market; the challenges, and where he expects to find the most attractive investments.

Schroders Capital gears up – here’s why the major investor aims for Finnish expansion

Finland Finland — Johan Bråkenhielm, Head of Nordics for Real Estate on the new recruitment in Finland: “This will create great opportunities for us.”

Moody's: Greatest risk of credit quality erosion is in Sweden

Nordic — Judging by Moody's latest report on the European real estate market, Sweden stands out as the black sheep in the real estate family. Nordic Property News has taken a deep dive into the credit rating agency's latest analysis, where several different negative factors are flagged in the Swedish real estate market, such as high interest rates, lower valuations and a potential erosion of credit quality.

Anna Nyberg's plans after having stepped down as CEO of Ica Fastigheter

Sweden Sweden — Anna Nyberg steps down as CEO of Ica Fastigheter. She tells Nordic Property News about the decision, her time at the company and about her future plans.

Croisette looks towards Norway after Knight Frank's entry

Nordic — After Croisette last month launched its new partnership with global property advisor Knight Frank, it has been given yet another reason to try to expand operations to the only Nordic country where Croisette does not yet have any operations – Norway. For Nordic Property News, CEO Per Svensson shares more information about the Norwegian ambition, what type of business they want to establish there and how they aim to use the collaboration with Knight Frank to advance in the market.

European commercial real estate showed negative returns in Q1

Nordic — MSCI’s Europe Quarterly Property Index shows that commercial real estate investments generated negative total returns of -1.1 percent in the first quarter this year compared with the preceding three months. That created a negative total return of -7.4 percent in the last year.

After the Bonava deal – here is what Union Residential Development wants to invest in next

Norway Norway — Union Residential Development takes a big step by acquiring Bonava’s Norwegian portfolio and operations. Baard Schumann, Partner and CEO of Union Residential Development, tells Nordic Property News about the acquisition, what new investments they are looking for and when they hope to have the next deal done.

They increase their rental income the most in Q1 2023

Nordic — Nordic Property News has taken a closer look at the listed property companies' rental income in Q1 2023 to find out which companies increased their income the most compared to Q1 2022. Here is the full list.

How Bonava wants to invest the capital from the Norwegian divestment

Nordic — Bonava sells its operations in Norway to Union Residential Development and with it leaves the Norwegian market completely. CEO Peter Wallin tells Nordic Property News how they arrived at the decision, how they will use the capital that is freed up and how Bonava views its other markets.

The segment where Niam's sees the best opportunities on the Danish market

Denmark Denmark — Niam makes a change in its Danish leadership as Jacob de Lichtenberg becomes new Country Manager while Michael Berthelsen transitions into a new role as Senior Director. Jacob de Lichtenberg tells Nordic Property News about his new role and where Niam sees opportunities on the Danish market going forward.

Politicians in Gothenburg want the city to acquire the Russian Consulate property

Sweden Sweden — According to the Tass news agency, Russia has announced that the Russian consulate in Gothenburg will be closed from September 1. Now the political parties D, M and KD, who are part of the opposition, want the city management office to be tasked with investigating the possibilities of acquiring the land and property where the Russian consulate is housed today. Axel Josefson, opposition councilor and the municipal board's 2nd vice chairman, tells Nordic Property News more about the proposal and what ambitions they have for the property if the acquisition can be carried out.

Listed Swedish companies massive sales: 2.9 billion euros

Sweden Sweden — Investment activity in Swedish commercial properties has collapsed in the past year as companies have had difficulty adapting to higher interest rates. The latest statistics from MSCI show that the listed companies together have sold properties for approximately 3.1 billion dollars, close to 2.9 billion euros, so far in 2023. In an exclusive interview with Nordic Property News, Tom Leahy, executive director of MSCI Research, talks about the dramatic developments in the Swedish real estate market and what the future may hold.

May 2023: The Nordic top transactions

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

The construction giant's next office project – 9,000 square meters on vacant land

Sweden Sweden — A major expansion of the vacant area at Hornsberg's old bus depot is underway. Selvaag Bolig is proposed to receive a land reference for the construction of housing and NCC for the construction of 9,000 square meters of offices, both land references where awarded in great competition.