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Turning point for the negative write-downs

Nordic — Ever since the second half of 2022, the companies' property values ​​have fallen in every single quarter, but during the first quarter of the year you could start to see a shift for most companies, something that also continued in Q3. After this interim report period Nordic Property News has again looked at the property values ​​of the listed companies.

"No big ketchup effect expected in Q4"

Norway Norway — The Norwegian economy looks positive going forward, says Sonja Horn, CEO of Norwegian Entra, which owns, develops and manages properties in Norway. The Balder- and Castellum-owned company has now presented its figures for the third quarter of 2024.

Bob W's Founder about the Sweden investment: "Swedes are discerning travelers"

Nordic — When Bob W opens his first Swedish hotel, it will be in Stockholm. The founder of the hotel chain, Niko Karstikko, has spoken to Nordic Property News, about, among other things, the company's establishment in the Swedish capital and why it is only happening now.

After the major purchase from Balder – AMF Fastigheter ready for more acquisitions

Sweden Sweden — After double major sales, AMF Fastigheter strikes with a billion-dollar acquisition in Stockholm when it buys Göta ark on Södermalm from Balder. AMF Fastigheter's transaction manager Fredrik Ronvall tells Nordic Property News about the plans for the acquired property, how they want to continue growing and where they are looking for new acquisitions, as well as the possibilities for expansion outside of Stockholm.

"It's been an eventful year so far"

Sweden Sweden — K2A Knaust & Andersson Fastigheter published its interim report for January-September 2024 on Wednesday afternoon. Nordic Property News has interviewed CEO Johan Knaust about what looks like a turnaround for the company: "We look positively at the future."

"The yield spread between logistics and light industrial has been far too wide"

Nordic — Slättö, through the logistics and industrial team Evolv, has made its first acquisitions in light industrial in the newly established fund Slättö Value Add III. Lars Axelsson, CEO of Evolv, tells Nordic Property News about the inaugural acquisitions and how they want to continue growing, as well as how he sees the future for and the competition within the light industrial segment.

ALM Equity: "Can't wait for a hot market"

Sweden Sweden — ALM Equity has published its interim report for the period January-September 2024. The presentation was made by ALM Equity's CFO John Sjölund, who, among other things, talked about how the company is now increasingly forward-looking: "You can't wait until you have a hot market, because then the train has already left."

Real estate company plans to expand mall into 950 residential units

Sweden Sweden — 950 homes may be discussed at the Gothenburg City Planning Committee's meeting this week. It is Skandia Fastigheter that can let their mall Frölunda Torg swell and merge with new housing.

"Will make divestments"

Sweden Sweden — Besqab's interim report for January to September 2024 shows a stable third quarter. Sales, turnover and profit are, compared both with the previous quarter and with the corresponding quarter last year, better. "We have a stable quarter where we deliver according to the business plan we communicated earlier this year", says Magnus Andersson.

Erik Selin on the new establishment: "Gothenburg will rise again"

Nordic — Hyatt Place Gothenburg Central will open in early spring 2025 at Gothenburg Central Station. The property owner is Balder, who acquired the hotel property in 2024, and Nordic Property News naturally wants to know what the company's CEO, Erik Selin, thinks about the establishment and the hotel market in general.

"Our intention will be to double the portfolio in size"

Denmark Denmark — Brunswick and Pictet's joint last mile company Lindu is relaunched with a large portfolio acquisition in Greater Copenhagen. Anthony Romano, Partner and Country Head Denmark at Brunswick, tells Nordic Property News about why they choose to relaunch, the partnership with Pictet, the targets for the new edition and where they look for new acquisition opportunities.

The foreign investors' misjudgments of the Swedish market: "It's laughable"

Sweden Sweden — The highly debated Swedish transaction market has been healthy all the way through the last years – despite the slowdown – and foreign buyers have misjudged the whole situation. This is the opinion of the renowned panel – consisting of Stefan Dahlbo, Anneli Jansson, Sven-Olof Johansson, Joacim Sjöberg and Theodor Jarnhammar – who discussed the issue during the event Stora Kontorsdagen and who see signs of increased activity in the future.

Bank invests in K2A

Sweden Sweden — Buys shares in K2A – becomes sixth largest owner in the company.

“We see more and more buyers on the market”

Finland Finland — Cushman & Wakefield acquires its Finnish affiliate to fully integrate the operations. Janne Eriksson, Chairman of Cushman & Wakefield Finland, tells Nordic Property News about the change, the opportunities that open up and about the state of the Finnish market.

After the major acquisitions – here are Alecta Fastigheter's plans for the Gothenburg market

Sweden Sweden — Alecta Fastigheter strikes with a huge deal in Gothenburg when Våghuset and Brick Studios are acquired for SEK 2.2 billion from NCC. Lena Boberg, CEO of Alecta Fastigheter, tells Nordic Property News how the buildings complement the existing portfolio, the development of the Masthuggskajen area, the view of the Gothenburg portfolio and how they want to continue growing in the city in the future.

Titania buys 416 from Klövern: "It doesn't hurt that the outlook is better"

Sweden Sweden — On Wednesday, Titania announced that after long negotiations they had reached an agreement with Klövern regarding a future acquisition. 416 homes in a legally approved zoning plan at Huddinge station, outside Stockholm. CEO Einar Janson shares their ambitions for 2025 and the conditions for further acquisitions.

Rikke Lykke on the divestment to Fokus Nordic: "One of the largest players within its field"

Denmark Denmark — A major transaction takes place in as Montagu agrees the sale of DEAS Asset Management Group to Fokus Nordic. Rikke Lykke, Group CEO of DEAS, tells Nordic Property News about the state of the company Fokus Nordic is acquiring, her time at DEAS and the work on divesting the two companies, and about what awaits herself following the closing of the transaction.

Croisette consolidates – here lies the focus going forward

Nordic — Croisette consolidates operations. The insurance advisory business is intended to be divested and the property management will be closed down. Croisette's CEO Per Svensson explains why these measures are chosen, how the financial situation has been in the company, how many positions are affected in the consolidation, whether further measures may be relevant and the future plans for the company.

"It will be the landmark for the entire area"

Sweden Sweden — Castellum has completed one of the year's largest lettings in Stockholm by signing an agreement with broadcasting company TV4 for 15,000 square meters in Norra Djurgårdsstaden. Sven Stork, CEO of Region Stockholm at Castellum, tells Nordic Property News about the importance of getting such a well-known tenant to the new development area, how he experiences the interest in Norra Djurgårdsstaden and how important a tenant TV4 will be for Castellum in Stockholm.

Trianon's development area: "The Malmö region will continue to grow"

Sweden Sweden — When Trianon presented its report for the third quarter of 2024 it included a renewed business plan. Nordic Property News had a chat with Trianon's CEO, Olof Andersson: "We can state that the urbanization trend is intact."

"Supermarket love" leads Cibus forward

Nordic — From Cibus' point of view, it is becoming clear that grocery retailing is a stable and non-cyclical industry. The company sees interesting opportunities in all existing markets and is also actively evaluating new markets in Continental Europe. "We continue to develop the company with our internal passion which we call 'Supermarket Love'", explains CEO Christian Fredrixon.

Klarabo: "We are well positioned for growth"

Sweden Sweden — Klarabo has released its report for the third quarter of 2024, a quarter in which the company increases earnings on most items. Klarabo's CEO, Andreas Morfiadakis, is satisfied with the figures, but still has a restrictive attitude towards new production going forward.

The large investment is bearing fruit – Patrizia is looking for more

Nordic — In 2022, Patrizia bought a residential stock in Stockholm consisting of four multi-family buildings, over approximately 47,000 square meters, 879 units and 588 parking spaces from Aros Bostad for approximately SEK 3.6 billion, EUR 0.33 billion. The purchase price made the deal one of the biggest of the year in Sweden. With the deal, Patrizia's Swedish portfolio also reached EUR 0.83 billion.

Skanska sees the return of housing construction approaching

Nordic — In the report presented on Thursday, it was clear that Skanska delivers a turnover of SEK 42,799 million, which is in line with expectations during the third quarter. As for the operating profit, expectations were higher than the report shows, it rose to SEK 1,261 million. “We see improvements - but it will take time”, says Skanska's CEO Anders Danielsson.

Liia Nõu: "You never know what the future will look like"

Nordic — Pandox's CEO, Liia Nõu, made it clear at the presentation of the latest quarterly report that they are looking for acquisitions, mainly within the three strong markets they are already doing best in: Great Britain, the Nordics and Germany. "The latest acquisition had a seven percent yield, so that's what we're aiming for", says the Pandox CEO.