"Could be seven difficult years for the residential market"

Sweden Sweden — Darkness and hints of light are what the bank SBAB's Chief Economist Robert Boije sees when he looks out at the residential market in Sweden. But the fact that the Swedish central bank, Riksbanken, has now lowered the interest rate is one of the pieces for positive signs for residential developers.

A shift on the Swedish community property market: "More sellers"

Sweden Sweden — RE Equity Omsorg takes a big step on the way towards its growth target by acquiring community properties for SEK 800 million. CEO Max Qwarnström tells Nordic Property News about the new acquisition, how to reach the goal of approximately SEK 3 billion in property value within two years, where and with what type of properties they want to continue growing and about the changed competitive situation within the community property segment.

Besqab lays off 25: "Through the merger, unfortunately, a redundancy arises"

Sweden Sweden — On Wednesday, Besqab announced that it intends to notify 25 employees of redundancy following the merger between Aros Bostadsutveckling and Besqab. The new company's CEO, Magnus Andersson, tells Nordic Property News about the announcement and how it feels to give the news to the employees.

Verdion's future plans for the hot Öresund market

Nordic — Verdion continues the Nordic expansion – this time through an acquisition in Malmö. Fredrik Salman, Investment Manager at Verdion, tells Nordic Property News about the hot Öresund market, how Verdion wants to grow in the market and about making more brownfield investments.

Joacim Sjöberg: "We sell because we want to – not because we have to"

Sweden Sweden — When Castellum's CEO, Joacim Sjöberg, presents this year's first quarterly report for the company, he can state with satisfaction that Castellum delivers an increased management result compared to the same period last year. He also says that the company may well consider starting to buy again. "There are, of course, strategic areas in which we want to grow."

"We want to invest in properties that meet our quality requirements"

Norway Norway — KLP Eiendom makes a change at Managing Director when Ellen Langeggen succeeds Gunnar Gjørtz following his retirement. Ellen Langeggen tells Nordic Property News about the step up within KLP Eiendom, her view of the company’s position, the most important task going forward, the growth ambitions for the company and how she views the current market situation.

Peab's CEO: "Continuously weak housing market – but think the bottom has been reached"

Nordic — When Peab sum up their first quarter in 2024, it shows a strong order intake for the period. However, the market in the Nordic region is highly varied: there is good demand for construction, covering and other house building, while the housing market continues to be weak.

Here is Oscar Properties' plan for the corporate restructuring

Sweden Sweden — The bankruptcy threat hangs over Oscar Properties at the same time as the company applied for corporate restructuring, a measure that, if it goes through, will mean that founder Oscar Engelbert will leave the company completely. Documents that Nordic Property News has seen show what the company's reconstruction plan looks like: * The plan for new leadership * The decision regarding the liquidity * Options for refinancing

How Doxa will work to realise the values in Serneke

Sweden Sweden — Doxa's CEO Victor Persson is dissatisfied with the company's negative results during the first quarter and the write-downs in Serneke that they are forced to make, but he takes note of the positive sale of the building rights in Karlastaden and he believes that the transaction market is very close to a turnaround. Here he tells more about this in an interview with Nordic Property News.

Tomas Carlsson: "We are not immune to the current situation"

Nordic — It is the same market as last year. That's what NCC's CEO Tomas Carlsson says when he comments on the market outlook. Even if certain areas of the company have a somewhat tougher time, the cash flow is positively affected by the fact that they have not invested in property development during the first quarter.

Swiss Life AM looks to grow on the Finnish market

Finland Finland — Swiss Life Asset Managers expands in Finland. After the latest acquisition, Kristian Korbu, Senior Transaction Manager at Swiss Life Asset Managers, tells Nordic Property News about the company’s growth plans for the Finnish market, how he views the competition and how he sees the market developing during the remainder of 2024.

Skanska believes in a residential lift after the interest rate cut

Sweden Sweden — Skanska increased the number of homes sold and constructions started during the first quarter of the year, but from very low levels. The company is under pressure in the low-price segment, where Boklok made a loss of SEK 146 million. CEO Anders Danielsson finds it encouraging that the development has nevertheless started to go in the right direction and now hopes that the Riksbank's interest rate cut will give a lift to the pressured segment.

The new Nordr Sweden CEO: "There are great opportunities"

Sweden Sweden — After 19 years at Veidekke and later what became Nordr, Mårten Othérus has held the titles of regional manager, business development manager and investment manager. Now he can put CEO on the merit list. He comments on how he wants to tackle the company's development going forward.

How Areim wants to develop its Stockholm office portfolio

Sweden Sweden — Areim makes a new acquisition in Stockholm's office market. Julia Mejegård, Head of Investments Sweden, tells Nordic Property News about the plans for the development of Grönstedska palatset, the current status of the Stockholm office portfolio, how Areim wants to develop it going forward and which parts of Stockholm they see as attractive for new acquisitions.

SBB stands by the dividend in June – after that it stops

Sweden Sweden — It was a hopeful Leiv Synnes that presented SBB's Q1 report on Monday, where the company reported a negative but still improved result compared to the corresponding period in 2023 and where the rate of decline in property values has started to slow down precariously. Here, Leiv Synnes tells us more about his positive view of the market, the status of the company's deferred dividend and how they will continue to act to strengthen the company's liquidity.

"We look forward to increasing significantly in Stockholm"

Sweden Sweden — Revelop makes its first acquisitions with the new fund Revelop VI. Revelop's CEO Thomas Sipos tells Nordic Property News what new acquisitions they are looking for, in which markets they want to invest, the favorable market situation and the international interest for the fund.

Selin: "Having negative numbers is painful"

Sweden Sweden — 2024 is progressing at a steady pace for Balder and CEO Erik Selin is not expecting any revolutionary events during the year and likely no project starts either. But one detail that rubs off on the Balder founder is the company's most important performance measure, which during Q1 decreased by ten percent compared to the same quarter in 2023. "We don't like negative numbers," says Erik Selin during the report presentation.

Here are the strongest office markets in Helsinki

Finland Finland — Croisette adds to its Finnish team with the recruitment of Niklas Forsell. The new Head of Leasing tells Nordic Property News about his new role with Croisette, how he views the Finnish rental market at the moment and going forward, and about new office needs among Finnish companies.

Areim's new European venture with VGP: "Strong demand for modern and sustainable properties"

Nordic — Areim enters into a new joint venture with a focus on Central Europe together with VGP. After the first acquisition through the JV, Erik Vikbladh, CIO and Partner at Areim, tells Nordic Property News about the partnership with VGP and how the logistics markets in your focus countries France, Germany, Hungary, the Czech Republic and Slovakia differ from the markets in the Nordic countries.

Diös' CEO: "There is a lot going on in our market"

Sweden Sweden — Diös delivers a quarterly result that is down slightly compared to the same period last year. At the same time, the company is preparing for new business opportunities going forward. CEO Knut Rost tells Nordic Property News about the future of Diös, the transaction market and green transition.

MSCI's Chief Analyst: "A significant repricing is required"

Nordic — MSCI's Chief Analyst Tom Leahy provides an outlook for how transaction volumes may develop, where the competition for the offices is and how international players can now enter the Swedish market.

The winners and losers on the stock market in April

Nordic — After a strong rebound in March, real estate shares on the stock exchange retreated again in April and most companies ended up in the red. Nordic Property News presents a list of the winners and losers on the stock market during the fourth month of the year.

Vasakronan CEO on the first acquisition in five years: "The market situation has changed"

Sweden Sweden — After the first acquisition in half a decade, CEO Johanna Skogestig explains how she sees Vasakronan's portfolio going forward. At the same time, she sees a certain instability in Stockholm's office market and the company now has a vacancy of ten percent in the portfolio.

"Shows that we are serious about our investment in Finland"

Finland Finland — Strawberry continues its expansion in Finland. The company is taking over the storied Hotel Katajanokka on Katajanokka in Helsinki – and establishes its Clarion Collection concept in the Finnish market. Chief Development Officer Daniel Stenbäck tells Nordic Property News about the importance of launching the Clarion Collection in Finland, about Helsinki as a hotel city and about the possibility of entering new Finnish cities.

"The idea is two business areas under the same umbrella"

Nordic — In the first quarterly report for 2024, K-Fastigheter announced that the company has now adopted a new business plan and laid out a new strategy. In addition, the company has now made a clearer division between undertaking and management. CEO Jacob Karlsson has answered Nordic Property News' questions about the report and the way forward.