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ARTICLES TAGGED WITH "Balder"

Balder Increases Ownership in Next Step Group

Sweden — Next Step Group is selling its part of property holdings in Nya Hovås to Bygg-Göta Fastigheter. Meanwhile, Fastighets AB Balder and Jacob Torell are increasing their ownership in Next Step Group.

Balder and Geely Sign Property Deal at Uni3 in Gothenburg

Sweden — Fastighets AB Balder and Geely Europe Innovation Centre AB form a joint company to develop, construct and manage the sixth building at Uni3 by Geely on Lindholmen.

Balder and K-Fastigheter in Combined Transaction

Sweden — In a combined transaction between Fastighets AB Balder and K-Fast Holding, Balder is acquiring an investment property in Helsingborg and is concurrently divesting building rights for rental apartments in Västerås.

Changes in Balder’s Management Team

Nordic — Balder makes changes in the management team: Ewa Wassberg in and Benny Ivarsson out.

S&P Confirms Balder’s Credit Rating BBB

Sweden — S&P confirms Balder’s credit rating BBB but Changes Outlook from stable to negative.

Transaction Between Balder and Circle K

Sweden — Property transaction between Balder and Circle K enables 1,000 new homes and the opportunity for Circle K to test new ideas in central Kungsbacka.

Why Balder Expects Lower Investment Figures in 2023

Nordic — After an extended period of sizeable investments, Erik Selin believes Balder will have significantly lower figures in 2023. The Balder CEO expands on his thoughts on investments and comments on the possibility of Balder looking at a SBB-model of spinning off part of the company into a new entitiy.

Balder Announces Tender Offer

Sweden — Balder is offering holders of the Issuer's outstanding SEK 600,000,000 FRN due January 2023, SEK 1,400,000,000 green FRN due February 2023 and SEK 500,000,000 green FRN due November 2023.

Balder Signs Lease Agreement in Malmö with Position Green

Sweden — Position Green helps companies and organisations to develop their sustainability work and business within the ESG landscape. To meet the increasing demand and offer a meeting place in line with the company’s vision, Position Green is relocating its Malmö office to the new sustainable Varvsstaden district.

Balder Appoints Sustainability Manager

Sweden — Fastighets AB Balder has recruited Klara Appelqvist as the company’s Sustainability Manager. She has most recently held a similar role at the property company Heimstaden Sweden and she took up her position at Balder on 10 October.

Karlatornet Is Now the Tallest Building in Scandinavia

Sweden — After reaching 193 meters, Balder and Serneke's Karlatornet in Gothenburg, which is still under construction, is now the tallest building in Scandinavia.

Swedish Giant Increases Holding in Finnish Residential Developer

Finland — Purchases stocks worth nearly EUR 4.6 million.

Balder Makes New Acquisitions in Hot Segment

Nordic — The Swedish giant expands the portfolio.

Balder’s Associated Company Trenum Sells Properties to the Swedish Fortifications Agency

Sweden — Both of the properties for police operations in Sörentorp that Fastighets AB Balder has managed since 2014 are now being sold to the Swedish Fortifications Agency.

Balder and Stockholms Travsällskap in New Collaboration on the Development of Solvallastaden

Sweden — Fastighets AB Balder and Stockholms Travsällskap (Stockholm Trotting Society) are starting a joint venture company with the intention of developing a further three blocks and 500 apartments in Solvallastaden.

Ewa Wassberg Appointed New Head of Finance at Balder

Sweden — Balder has appointed Ewa Wassberg as the new Head of Finance. She joins Balder from Fabege and replaces Marcus Hansson, who left the company due to the ruling regarding insider trading in the Collector share.

After the Prison Sentence: Balder's Head of Finance Resigns

Sweden — Marcus Hansson leaves his employment at Balder. CEO Erik Selin: "I am disappointed and surprised by the verdict."

How the Balder Managers Were Convicted

Sweden — Prosecutor Pontus Hamilton: "None of them have been able to give a reasonable explanation."

Balder Executives Sentenced to Prison

Sweden — Head of Finance Marcus Hansson and former CFO Magnus Björndahl get 1 year and 3 months and 1.5 years in prison respectively, for insider trading.

Balder's Ambitions for the Hot Segment

Nordic — Balder has started to list industrial and logistics as its own property category in the financial reports. CEO Erik Selin explains why and shares his view of Balder’s growth ambitions in the scolding hot segment.

Balder Strengthens Team in Southern Sweden

Sweden — Balder strengthens the team in southern Sweden with new hire.

Balder Completes New Acquisition in Gothenburg CBD

Sweden — Balder adds new piece to their Gothenburg portfolio.

Where Serena Properties Looks for New Acquisitions

Nordic — Serena Properties continues to strengthen its portfolio with new acquisitions. CEO Marc von Melen tells Nordic Property News about the opportunities opened up by the new ownership picture, the future of the Heron City area, about the distribution between Sweden and Finland in the portfolio and about possible Norwegian and Danish entries.

Serena Properties Acquires Heron City

Sweden — Serena Properties has acquired Heron City in Stockholm. Seller is a joint venture owned by CapMan, Varma and Cavendo.

Convendum Established New Coworking Spaces in Stockholm

Sweden — Convendum signs agreement with Balder and establishes coworking spaces in Spårvagnshallarna.