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After the Blackstone divestment – here are Nrep's plans for the Finnish logistics segment

Finland Finland — Nrep announced a major divestment and sold a logistics portfolio in Finland to funds managed by Blackstone for EUR 135 million. Joonas Lemström, Head of Finland at Nrep, tells Nordic Property News about the plans for the logistics segments following the divestment, which locations they consider attractive for new investment and how they see the segment developing going forward.

Major vacancies in Oscar Properties' portfolio

Sweden Sweden — Oscar Properties' vulnerable situation becomes even more apparent after the much-delayed Q1 report was released late on Friday evening last week. In addition to the fact that the company is in a very critical financial situation for its continued operations, since the end of the last financial year the company's accounting principles have been changed to no longer assume continued operations but a liquidation of the operations. And a look at the extensive vacancies in the portfolio shows that the company is missing out on many millions in rental income. CEO Richard Bagge comments on the situation for Nordic Property News.

Strategy change for Riksbyggen: "We will now build up a larger property portfolio again"

Sweden Sweden — With the Unobo deal in the books, Riksbyggen takes aim toward increasing its property portfolio. CEO Johanna Frelin tells Nordic Property News about the change in strategy, entering new urban development projects and how she sees the housing construction market developing in Sweden.

Winners and losers on the stock market in June

Nordic — June was an in-between month for the Nordic real estate companies on the stock exchange, without any major rises or falls for most of the companies. Nordic Property News presents the winners and losers on the stock exchange during the sixth month of the year.

After dissolving the JV – this is how Hemmaplan wants to grow

Sweden Sweden — After a transaction last week the Swedish real estate company, Hemmaplan, now has the keys to two commercial district centers in what are usually referred to as socially vulnerable areas in Sweden. CEO Cecilia Safaee has a clear plan on how the company want to grow.

"I really think we can build something unique"

Denmark Denmark — Thylander gets a new CEO as Bjarke Mikkelsen takes the helm while Lars Thylander assumes the role of Chairman of the Board. Bjarke Mikkelsen tells Nordic Property News about his return to the Denmark and the first step into an environment where real estate will be his main business, the state of Thylander and the company’s most important tasks going forward.

The first acquisition in two years – more to come according to the NP3 CEO

Sweden Sweden — On Wednesday, NP3 Fastigheter was able to announce that they completed six transactions and thereby acquired six properties with a property value of SEK 181 million (approximately EUR 16.5 million), primarily for industrial purposes. A small sum, but also a start to get back to the transaction market after a two-year hiatus for the acquisition-hungry company that NP3 is, says CEO Andreas Wahlén.

The segments that attract foreign investors to the Norwegian market

Norway Norway — The Norwegian market has been picking up speed in the start of 2024. Frida Tosterud Grov, recently promoted to Head of Capital Markets Norway at Colliers, tells Nordic Property News how she sees the market situation in Norway developing, about the foreign interest in Norwegian real estate and which segments will be leading on the transaction market in Norway in the future.

"I believe in continued JV structures rather than a bid for the entire company"

Sweden Sweden — Yesterday was dividend day in SBB and tomorrow the company has its annual general meeting where, among others, Lennart Sten is expected to be elected as the new chairman of the board. Nordic Property News discusses the situation for the pressured company with Arctic Securities analyst Michael Johansson.

Status of some of the industry's most stressed companies

Sweden Sweden — SBB is being pressured on the stock market, bankruptcy threatened Oscar Properties is getting ready to release its delayed annual report and Kvalitena is continuing with the reconstruction of the company. Nordic Property News goes thru the current situation regarding some of the industry's most pressured players.

New milestone for Skanska's Investment Property company: "A flagship property"

Sweden Sweden — Skanska takes a big step in the work of building up its own management portfolio, by selling the Citygate office property in Gothenburg to its own Investment Property branch. Ida Granqvist, Investment Properties Manager at Skanska Fastigheter, tells Nordic Property News about why Citygate is a good fit for the company, about the importance of having also established itself on the Gothenburg market, about the next step for the Investment Properties business and how the first period since she assumed her new position has been.

He takes charge of new Brunswick-led real estate venture

Sweden Sweden — Poyan Katebi leaves the role as CEO of Samfastigheter to instead become CEO of the newly started company SINDI backed by heavy players such as Brunswick and SEB. The new company is focused on social sustainability in the real estate industry and for Nordic Property News Poyan Katebi talks more about the new investment and ambitions.

How Slättö aims to grow on the Finnish market

Finland Finland — Slättö grows its Finnish portfolio through two separate transactions. Ilkka Salminen, Head of Finland at Slättö, tells Nordic Property News about growth ambitions for the Finnish market, what segments and locations they consider attractive for new investments and how he sees the Finnish real estate markets developing going forward.

They invested most in their own portfolio

Nordic — They invested the most money in their own existing portfolios in Q1.

Swedish region booming after Volvo decision

Sweden Sweden — Skaraborg is facing a major change and the population will increase dramatically if the municipalities themselves are to be believed. One of the municipalities, Mariestad, is investing heavily in the establishments that await. 11,000 homes are needed – largely due to decision from Volvo.

Performance matters over AUM Growth as experienced real estate trio launch new partnership

Nordic — Paul Hampton, Charles-Nicolas Tarrière and Kevin Muscat have regrouped to launch Evonite, after previously working together at Rockspring Property Investment Managers and Patrizia.

Ikea scraps plans for extensive expansion on Malmö property

Sweden Sweden — 41,000 square meters of offices, center operations and parking will be scrapped when the furniture giant rethinks project. Nordic Property News takes a closer look at the project.

How the new logistics giant want to take advantage of its size: "The position is strengthened"

Nordic — A "new" actor enters the Nordic logistics markets when Logistea and KMC Properties merge and form one of the Nordics' largest listed logistic real estate companies under the name Logistea. Niklas Zuckerman, CEO of the company, tells Nordic Property News about the decision to merge the companies, the position the new company will get in the market, the advantages that come with becoming a clearer Nordic player, and how hey view the portfolio that the new Logistea will have at its disposal .

Technopolis makes divestments in the Baltics – increases its Nordic focus

Nordic — Technopolis wants to increase its focus on its Nordic core markets and is therefore adjusting its geographical presence through two divestments in the Baltic region. Through this, they want to concentrate resources and investments in the Nordic region, where the company sees the greatest potential for growth. Nordic Property News has spoken to Emma Kuzmina, Chair of the Board of Technopolis, who describes the strategy and thinking behind the sale.

Key-player leaves Citycon

Nordic — Bids farewell to the company after nearly six years.

In midst of the crisis – Oscar Properties to elect new board

Sweden Sweden — It has been a busy two months for Oscar Properties, which teetered close to bankruptcy and had its restructuring application rejected twice with reference to the fact that the board is not in a decision-making body as it now only consists of the company's founder Oscar Engelbert. He, in turn, sees this as the company becoming "rulerless" and has called for an extra general meeting to be held today with the aim, among other things, of electing a new board and chairman. Nordic Property News takes a closer look at the twists and turns at a company in crisis.

Oscar Properties appoints new CEO: "The company must be saved"

Sweden Sweden — Oscar Properties' new CEO Richard Bagge gives a few brief comments to Nordic Property News about his new role as CEO and board member in the pressured property company. Among other things, there is new hope around the company's attempt to achieve a reconstruction. CFO Magnus Thimgren adds some additional answer regarding the situation for the company.

In pictures: Serneke's new vision for Cirkustomten

Sweden Sweden — Third time's the charm for Serneke who, in collaboration with Semrén & Månsson and Mareld arkitekter, has now produced a new proposal for the design of the much-talked-about Cirkustomten in central Gothenburg. See the illustrations and read more about the project that Serneke has been working on since 2016 when the land was first granted to the company.

"There is a growing interest from non-Nordic investors"

Nordic — CBRE strengthens its Industrial & Logistics team and promotes Jouko Lehtonen to Head of Industrial & Logistics, Advisory, Nordics. He tells Nordic Property News about the change and his new role, the goals for the business area, the interest from non-Nordic investors look like for Nordic logistics and how he sees the Nordic logistics market developing in the future.

Peter Wallin on Bonava's investment in Germany: "Germans are more forward-thinking"

Sweden Sweden — Bonava is, as we learned last week, starting production of around 180 homes in Germany. It is the regions of Berlin, Rhine-Main, North Rhine-Westphalia and Saxony that will be the stage for the current production starts, which are expected to be completed in 2025 and 2026. Nordic Property News has spoken to CEO Peter Wallin, who tells us more about the German investment.