The largest listed property company in the Nordic region, Balder, released its annual report on Wednesday. The company's CFO Marcus Hansson tells Nordic Property News about his view of the Nordic market, why it is difficult to do business in Sweden and where in Europe the company wants to grow.
Nordic Property News presents the largest listed companies in the Nordic Region – based on Market cap.
Balder Denmark has a new CEO. Flemming Joseph Jensen tells Nordic Property News about his long partnership with Erik Selin, what his main tasks in Denmark are and whether he needs to double up his work or not. “I will not be sitting with two caps.”
Starting from 1 April 2019, Flemming Joseph Jensen will take over as CEO of Balder Denmark. Flemming Joseph Jensen will retain his current position as CEO of Sjaelsö Management and will divide his working time between the two businesses.
Balder has acquired 8 Fenchurch Place in the city of London. The property has a lettable area of just over 9,000 sqm and is rented mainly to insurance companies and consulting companies with a remaining average term of 9 years. The investment amounts to GBP 75 million and has rents of GBP 4.4 million.
Erik Selin tells more about what caused Balder to hit in England – and why he doesn’t fear Brexit.
Peab has sold the property Ångkraftverket 2 in Västerås in which Steam hotel and Kokpunkten Actionbad are tenants. The divestment has been made to Centur, which is owned equally by Peab and Balder.
Atrium Ljungberg has concluded an agreement on the sale of the Arbetsstolen 3 property in Stockholm, better known as Västberga Handel. The purchase price is based on an underlying property value of MSEK 437 (EUR 43M). Balder-owned Serena Properties is the buyer.
In an agreement with Stockholms Travsällskap as selling parts Balder has acquired future building rights of some about 83 000 sqm, corresponding to six blocks of housing and commercial premises for both commerce and local service.
After last week’s EUR 175M transaction Redito’s Chairman of the Board and founder Jan Björk tells Nordic Property News what’s next for the company – and what Balder such an attractive partner.
Balder has together with institutional capital entered into an agreement with Castellum to acquire a real estate portfolio including office, warehouse and logistic properties in Stockholm and Gothenburg. Balder’s share is 49 percent.
September 15 2008 the figurative bomb exploded on Wall Street when Lehman Brothers folded and set off the financial crisis. Now that a decade has pasted Nordic Property News rehashes the events of the crisis, the effect it had on the Swedish real estate market and see into the future as to what will set off the next crisis with Erik Selin, CEO of Balder, Hans Wallenstam, CEO of Wallenstam, and Sven-Olof Johansson, CEO of Fastpartner.
As a part in Balder’s investment in Backaplan, one of the big urban development areas in Gothenburg, they have now acquired a commercial property consisting of 9,000 sqm of existing space and future office construction rights of approximately 21,000 sqm.
Sharam Rahi, deputy CEO of Swedish giant Balder, shares his view on the future of Gothenburg and what deals he expects to see more of.
Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.
Fastighets AB Balder will be a so-called anchor partner in the work on Väsby Entré in Upplands Väsby, and will develop more than half of the project.
The company's CFO Marcus Hansson explains to Nordic Property News why they view the hotel portfolio as the optimal step into the country: "There could definitely be more acquisitions."
Earlier this spring Sweden's largest listed real estate company, Balder, made its first acquisition in Norway as well as several acquisitions in the other Nordic markets. For Nordic Property News, CEO Erik Selin gives his views on the Nordic region's future development.
Marcus Hansson, CFO of Balder, tells Nordic Property News why the company choses a green focus in new Copenhagen projects.
Through its fourth fund, Slättö IV, Slättö has divested to properties for a total transaction price of EUR 155M. Buyers are Trenum, owned by Balder and AP3, and Lansa, owned by Länsförsäkringar.
Swedish real estate giant Balder keeps showing strong numbers. CEO Erik Selin tells Nordic Property News what possibilities the company sees on the declining housing market.
Swedish giant Balder conitinues to invest in Norway. This time by acquiring a EUR 40M property in Oslo from Skanska. CEO Erik Selin tells Nordic Property News what sparked this expansion out west.
The Swedish transaction market during Q1 2018 has dropped compared to last year. Still some larger transactions has been made and Nordic Property News has listed the ten largest in the first quarter.
How was the rental income evolve for the listed Swedish real estate companies in 2017? Nordic Property News presents a list of the rental income development.
Nordic Property News completes the breakdown of Swedish residential buyers and sellers with a list of the ten largest residential transactions in 2017/2018. The data has been collected by Pangea Property Partners.