Discounts dominate among the Nordic real estate shares

Nordic — The listed Nordic real estate companies have now all submitted their reports for the first half of the year and it can still be concluded that according to the net asset values reported, almost all companies are traded at a discount on the stock exchange. Here Nordic Property News presents an updated list after the companies' Q2 reports.

How Areim wants to gear up in Denmark

Denmark Denmark — After the key recruitment – Peter Frische, Head of Areim Denmark, on the current state on the Danish market, and investment targets ahead for Areim.

Heimstaden's early vision for the classic Eon house

Sweden Sweden — Eon's old headquarters near the landmark property Kronprinsen in Malmö is to be converted into housing, commerce and offices. Now Heimstaden's vision for the building is starting to take shape and here you can see the first illustrations and read more about the content of the major investment.

Patrizia launches new Nordic logistics platform – these are the assets they are looking to acquire

Nordic — Patrizia launches a new Nordic logistics platform and makes its inaugural acquisition from Alta Fastigheter. Dan Valenzano, Patrizia Managing Director, Transactions, tells Nordic Property News about the new platform, the timing for the launch, the acquisition from Alta and what kind of logistics acquisitions Patrizia is looking to make going forward.

Milestone reached for Karlatornet – long interview with Ola Serneke and Erik Selin

Sweden Sweden — The time has come for the first people to move into Karlatornet, the Gothenburg skyskraper that is the tallest building in the Nordics. For some, the wait has been long – especially for Ola Serneke. Nordic Property News was present when a tour of the entrance and the viewing apartment on the 25th floor was given. Balder's CEO Erik Selin was also in the apartment, who, like Ola Serneke, gave his view on the situation going forward.

"We should be a growth company that make the shareholders rich"

Sweden Sweden — Fastator makes a familiar change at the top when founder and largest owner Joachim Kuylenstierna steps in and takes over as CEO. Kuylenstierna told Nordic Property News about the return to the CEO chair, Fastator's status, how the company should develop, about the misconceptions surrounding consolidation and why he does not want to make general statements about the market.

Historic low transaction levels affect Catella on all fronts

Nordic — Transaction market on record low levels and large gaps between buyers and sellers is affecting Catella on all fronts. CEO Christoffer Abramson shares his analysis of the situation going forward and how he views the Swedish and Danish markets regarding their own projects.

Major stock drop for SBB: "A dysfunctional company given the interest rates"

Sweden Sweden — SBB's B share plummeted over 16 percent on Monday and continued to drop slightly during Tuesdays early trading. On Monday evening the credit rating institute Fitch announced that it has lowered SBB's credit rating another five notches, down to B- from the previous BB+. Aktiespararnas analyst Robert Andersson says that SBB in its current form is a dysfunctional company given today's interest rates. "Either the company has to change or it will go under," he tells Nordic Property News.

Swedish police agency wants to terminate lease agreement with SBB and K2A

Sweden Sweden — The police authority wants to leave the agreement regarding the construction of the new police station in Västerås, and the reason stated is that the costs have dragged on, something that the local newspaper VLT was the first to report on. The construction is run by the company Slaggborn, which is owned 50/50 by K2A and SBB, but from the contractor's side they put a lid on the situation and the company's project manager Per Högdin leaves only one comment to Nordic Property News.

Full focus on interest hedging in John Mattson

Sweden Sweden — John Mattson sees conditions to be able to make more transactions if needed CEO Per Nilsson says. Beside making a number of divestments during the year, the company has now put forward a plan to reduce the amount of electricity purchased in order to lower the cost and at the same time increase the property value.

The founder leaves Genesta – for the last time

Nordic — Genesta is an independent property fund company with a focus on commercial properties in the Nordics. It is also the company that Anders Palmgren co-founded almost exactly 20 years ago. Close to the anniversary, however, it is clear that the partner and senior director with a focus on transactions and capital raising will leave his post. Nordic Property News had a conversation with him about why he came to the decision.

Kojamo could lay off up to 80 employees

Finland Finland — In yesterdays Q2 report, Kojamo announced that they are launching a savings program with the aim of maintaining the company’s profitability. During the presentation of the report, CEO Jani Nieminen said among other things that the measures could lead to a maximum of 80 employees being laid off from the company.

Obos' CEO: "The market is not completely dark – but demanding"

Nordic — We have more tools and greater flexibility than most," says Obos CEO Daniel Kjørberg Siraj to Nordic Property News after the second quarterly report. The company reported a profit before tax in the second quarter of SEK 1,218 million, an increase from SEK 542 million from the year before. However, housing sales have more than halved.

Skanska envisions twelve tough months ahead

Nordic — During the last week of July, Skanska presented its second interim report for the year. Although building/construction reaches record levels, times are tough especially in housing development. Magnus Persson, CFO said that despite the increasing number of unsold homes is expected to increase and no projects being started, there are glimmers of light.

Major challenges on the Finnish residential market

Finland Finland — Toivo Group’s CEO Markus Myllymäki: “Only the best projects can be launched.”

Colliers Sweden is pushing forward with new recruitments

Sweden Sweden — Colliers is increasing its presence in the Nordics and Sweden. One step in being able to advance the positions is the recruitments that the company has made, to strengthen within letting and tenant service.

Requirements for Niam when making office investments

Finland Finland — Antti Muilu, country manager Niam Finland, on the recent office acquisition in the booming Helsinki area, and why remote working has an important impact in decision making, going forward.

Q2 2023: The companies with the highest and lowest vacancy rates

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

Co-founder leaves property investor – for the second time

Nordic — Returned back in 2014 – resigns from his position at the company once again.

Updated Figures: The dividend yields among the Nordic stocks

Nordic — Nordic Property News presents which of the listed Nordic construction and real estate companies that have the best yields. Here is the complete list.

The most valuable Nordic companies on the stock market

Nordic — Nordic Property News presents an updated list of the listed real estate companies' market capitalization after the summer trading. A strong July has caused several of the largest companies to increase by several billion.

“Nobody expected such a low volume”

Denmark Denmark — Peter Winther, Executive Director and Head of Capital Markets at Colliers Denmark, on the transaction year so far in Denmark and his forecast for the rest of 2023.

Fresh figures: The 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?

Colliers: The price adjustment in the market is slow

Sweden Sweden — Most segments can count on a normalization of the price picture on the transaction market sometime in the first half of 2024 at the earliest, this is evident in Collier's latest Market Snapshot, among other things.

K-Fastigheter's targets for the Gothenburg market

Sweden Sweden — In recent months, K-Fastigheter has increased its building rights portfolio through several acquisitions, most recently at the end of June when it bought from Serneke. Johan Hammarqvist, Head of IR and Communications, tells Nordic Property News about the investment in Gothenburg, the view of the Gothenburg market, where you want to grow and what organization you want to build in the city.