ARTICLES TAGGED WITH "Alecta"

Tollefsen strikes back against the bribery allegations in Heimstaden Bostad

Nordic — Ivar Tollefsen dismisses bribery charges, according to Finwire news citing reports from Bloomberg News.

Heimstaden denies speculations of bribery

Sweden Sweden — The Swedish publication Dagens Industri published an article where employees of Alecta are being investigated for trips to France and/or South Africa invited by Ivar Tollefsen, the chairperson of Heimstaden AB. Heimstaden denies the claims.

Ruby Hotels makes first establishment in the Nordics

Nordic — The design hotel chain Ruby Hotels chooses to establish itself with a new hotel of 8,000 square meters at Alecta Fastigheter in Stockholm. Ruby Hotels has a strong expansion in Europe with 17 hotels and another 9 in the pipeline and is now opening its first hotel in Scandinavia at Fridhemsplan.

Alecta writes down the value of Heimstaden Bostad by EUR 1.16 billion

Sweden Sweden — Heimstaden Bostad, Alecta's largest single holding in which approximately SEK 50 billion (EUR 4.56 billion) has been invested, was negatively affected by the rise in interest rates. This led to a significant decline in value for Alecta's shareholding in the company. Alecta writes down the value of Heimstaden Bostad by SEK 12.7 billion (EUR 1.16 billion), corresponding to 25 percent of the value.

Alecta proposes Lars Rohde as new chairman of the board – criticizes the Heimstaden deal

Sweden Sweden — Alecta proposes that Lars Rohde be appointed as the new chairman of the board. He is now proposed to be elected as new chairman of the board at an extra board meeting on February 6.

Stadsrum Buys in Lund

Sweden Sweden — Stadsrum Fastigheter acquires a portfolio of nine properties in central Lund from Estancia Fastigheter.

Alecta Fastigheter Acquires Education Property from EQT Exeter

Sweden Sweden — EQT Exeter to sell modern education property in central Stockholm to Alecta Fastigheter, the real estate company of the Swedish pension fund manager Alecta.

Heimstaden Bostad to Raise SEK 4 Billion in Equity

Sweden Sweden — Heimstaden Bostad AB announces that authority has been granted by the shareholders, at an extraordinary general meeting held on 8 January, to raise an additional SEK 4 billion in equity through a directed new share issue towards existing shareholders, Heimstaden, Alecta, Ericsson and Folksam Group. The issue will be completed on 12 January.

SBB Sells a Property to Alecta for MSEK 460

Sweden Sweden — Samhällsbyggnadsbolaget i Norden AB (SBB) sells the property Mimer 7 in Stockholm to Alecta for MSEK 460, corresponding to a square meter price of SEK 67,597. The property contains 6,805 square meters of premises with a rental income of MSEK 14.6 and an estimated net operating income of MSEK 13.7.

Alecta Forms Real Estate Company

Sweden Sweden — Alecta's Board of Directors has decided to incorporate the Swedish real estate business and has therefore formed the wholly owned subsidiary Alecta Fastigheter (Alecta Real Estate). The CEO of Alecta Fastigheter will be Lena Boberg, who is currently CEO of Ica Fastigheter. The new company will initially own and manage properties worth SEK 45 billion.

Lena Boberg Appointed New Head of Real Estate Sweden at Alecta

Sweden Sweden — Ica Fastigheter's CEO Lena Boberg will leave the company to take the position as Head of Real Estate Sweden at Alecta.

Heimstaden Restructures the Portfolio and Extends Cooperation with Alecta

Nordic — Heimstaden has agreed with the other partners in the subsidiary Heimstaden Bostad for an extended cooperation. Heimstaden Bostad strengthen its equity base with a total of SEK 9.5 billion through a private placement towards the main owners Heimstaden and Alecta. In total, SEK 6.2 billion is allocated externally to the Group.

Top Ten Hotel Transactions in the Nordics

Nordic — Nordic Property News lists the largest deals on the hotel market so far this year.

Alecta Acquires Bredden

Sweden Sweden — In the beginning of July, Alecta became 100 percent owner of Bredden (former InfraCity) in northern Stockholm, according to Pangea Weekly.

Wihlborgs Completes Major Acquisition in Helsingborg

Sweden Sweden — Wihlborgs has completed another major acquisition through the purchase of the property known as Tretornfabriken in central Helsingborg encompassing a total lettable area of 51,000 sqm.

Prologis Acquires Logistics Portfolio for EUR 366M

Sweden Sweden — Prologis acquires 295,000 square meters (3.2 million square feet) of prime properties in four of Sweden’s strongest logistics markets. The acquisition substantially strengthens Prologis’ presence in Sweden.

The Largest Swedish Residential Transactions

Sweden Sweden — Nordic Property News completes the breakdown of Swedish residential buyers and sellers with a list of the ten largest residential transactions in 2017/2018.

Largest Swedish Residential Sellers

Sweden Sweden — The turbulent housing market has dominated the industry news over the past few months. Nordic Property News shares a unique list of the companies that sold most residential in 2017/2018.

Largest Swedish Transactions in 2017

Sweden Sweden — 2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries - we finish the list with largest country: Sweden.

Largest Norwegian Transactions in 2017

Norway Norway — 2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries – starting with Norway.

Ancore Purchases from Unibail in Örebro

Sweden Sweden — Ancore, owned by Ica Fastigheter and Alecta, purchases parts of Eurostop in Örebro from Unibail-Rodamco.

Alecta Makes Large Acquisition in Stockholm

Sweden Sweden — Alecta purchases ten properties – 110,000 sqm – from Carlyle in Nacka Strand, Stockholm.

Magnolia and Alecta Acquires Shopping Centre from CBRE

Sweden Sweden — CBRE Global Investors, on behalf of the Nordic Property Fund, announces the sale of the Stinsen Shopping Centre, Häggvik, Stockholm. The shopping centre has been acquired by Magnolia together with Alecta.

Alecta Acquires Retail Park in Stockholm

Sweden Sweden — Alecta has acquired the 25,000 sqm retail park Värmdö marknad in Stockholm from Genesta.

Alecta Closing in on €1.6 Billion Sale

Sweden Sweden — Bloomberg sources say Alecta is now closing in on the divestment of their international portfolio. The purchaser is said to be Blackstone and the purchase price is USD 1.8 billion (EUR 1.6 billion).