News | Nordic Property News

ARTICLES TAGGED WITH "Balder"

Balder Establishes Property Management Organisation in Finland

Finland — During the autumn, Fastighets AB Balder will start its own property management organisation in Finland. This is in order to more effectively and cohesively manage the company’s wholly-owned properties together with the properties which are owned through Serena Properties AB.

Erik Selin: "Buying Entra Is too Dangerous Right Now"

Nordic — Balder has no plans to change its ownership in Entra, and CEO Erik Selin sees it as too dangerous to buy up the entire company, although he believes that the company's stock is "extremely cheap" right now. Here he also tells how he sees the future of the company's rating from S&P, which in 2022 wrote down the outlook for the company's BBB rating to negative.

Share Price Drop for Balder After Rating Blow: "Creates an Uncertainty"

Sweden — On Wednesday, Balder received a lowered credit rating from the rating institute Moody's, to Ba1 from previously Baa3, while the outlook for the rating is considered stable. The announcement caused Balder to fall five percent on the stock market and took many other real estate companies with it in the decline. Handelsbanken's analyst Johan Edberg tells Nordic Property News that the rating announcement was expected but that it has a signal value and can create long-term uncertainty around Balder. Balder on the other hand believe that Moody's report contains "factual deficiencies".

Moody's Downgrades Balder's Senior Unsecured Ratings

Sweden — Moody's Investors Service has assigned a new long term corporate family rating (CFR) of Ba1 to Balder and subsequently downgraded its senior unsecured bond ratings to Ba1 from Baa3 as well as its junior subordinated notes rating to Ba3 from Ba2.

Volvo Cars Signs Deal with Balder

Sweden — The new tenant will be occupying more than 7,000 square metres of office space in the new B46 building on the campus.

Balder's Plans Could Be Merged with Duo

Sweden — Balder and Älvstranden Utveckling are involved in the plans that will add over 1,000 new homes to the district of Sannegården in Hisingen, Gothenburg. Now a trio of plans will be merged for better urban development on the site. Nordic Property News gives you more details about the coming exploitation.

Erik Selin: "We Can Keep Away From the Bond Market Until 2026"

Sweden — Balder was one of the real estate companies that advanced the most on the stock market during Friday's trading, this after the company released its financial statements for 2022. During the presentation, CEO Erik Selin commented on his view on the bond market, the credit appraisers' view of the company and what we can expect from Balder on the transaction market in 2023.

Here Are Balder's New Acquisitions

Sweden — Balder continues to make transactions under the radar.

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."