Balder and Serneke Construct the Aries Block in Karlastaden

Sweden Sweden — Fastighets AB Balder and Serneke are establishing another joint venture development company to continue the collaboration in Karlastaden, Gothenburg. This time, the joint venture companies will develop the Aries block in Karlastaden involving approximately 190 apartments.

Balder to Develop Salem’s Town Centre Outside Stockholm

Sweden Sweden — The property company Balder is one of three actors that have obtained a land allocation and, among other things, is planning three residential blocks with about 350 apartments and a new civic hall in Salem’s new town centre.

"Competition Is Getting Fiercer"

Finland Finland — Antti Aarnio takes the helm at the Finnish residential giant Sato on a permanent basis after a year as acting CEO. He tells Nordic Property News about the state of the Finnish residential market and about Sato’s goals for 2022.

“Oslo Areal Has Been on Our Target List for Many Years”

Norway Norway — Entra’s CEO Sonja Horn on the major acquisition of Oslo Areal’s portfolio; why it is a perfect match, the input from the major owner Balder, and the increased attractiveness for Entra as a company.

Balder Makes New Acquisitions in Hot Segment

Sweden Sweden — Balder continues to expand the portfolio with new acquisitions.

Balder's Offer Price for Entra: NOK 202.50

Norway Norway — Balder is launching a mandatory offer to acquire all the shares in Entra that are not already owned by Balder.

Balder to Develop New Hot Area in Denmark: “Secures a Good Mix”

Denmark Denmark — Flemming Joseph Jensen, CEO of Balder Denmark, on the residential targets across the country, and how the Swedish giant’s Danish subsidiary has performed during the pandemic.

Balder Is Constructing Apartments on Kungsholmen in Stockholm

Sweden Sweden — In one of Stockholm’s best locations, on expansive Kungsholmen, the property company Balder is constructing “Fabrique 46” – almost 140 modern and well-planned apartments close to greenery, water and the city.

S&P Changes Balder's Outlook Due to Mandatory Entra Bid

Nordic — S&P has announced that they confirm Balder's BBB rating but revise the rating outlook to negative from stable. The revision is related to Balder's intention to make a mandatory offer for the remaining shares in Entra and uncertainty regarding the initial financing structure.

“We Have a Good Dialogue with Our Major Shareholders”

Norway Norway — Entra’s CEO Sonja Horn on the mandatory offer from Balder.

Balder Acquires Additional Shares in Entra

Norway Norway — The Swedish property giant intends to make a mandatory offer.

Balder Breaks Ground on New Housing in Östermalm

Sweden Sweden — Tuesday was the construction start for the CAPREA housing project in Östermalm, where Balder will build 28 apartments, approx. 300 sqm of retail space on the ground floor and parking places in the basement.

The Finnish Balder Company’s Residential Targets

Finland Finland — Arto Aalto, Vice President, Investments at Sato, on the current state of the Finnish residential market, where they look for future assets, and the attraction to Vantaa.

Serneke Forms JV to Continue the Development of Karlastaden

Sweden Sweden — Serneke and Fastighets AB Balder are forming a joint company to continue their collaboration in the Karlastaden district. The company will develop three buildings in the district, comprising a total approximately 45,000 square meters GFA and approximately 450 apartments.

Balder in Collaboration to Construct Stockholm’s Tallest Residential Building

Sweden Sweden — Balder is establishing a Joint company together with VästkustStugan, Mjöbäcks Entreprenad and Innovation Properties with the goal of constructing Stockholm’s tallest residential building.

With Two Swedish Main Owners: Here Are Entra’s Future Targets

Norway Norway — Entra’s CEO Sonja Horn on the closing of the major acquisition in Oslo, investment targets going forward, and the close dialogue with the Swedish main owner and whether that is affecting the business strategy.

Balder Makes Plans for a New District in Kungens Kurva

Sweden Sweden — Plans are now at an advanced stage for Victoria, a new district, in Kungens kurva in Stockholm. In Victoria, there are plans for approximately 3,500 apartments, restaurants, cafés, a green neighbourhood park, a school and nursery schools as well as care and other local services.

The Swedish Economic Crime Authority Prosecute Balder Execs

Sweden Sweden — The Swedish Economic Crime Authority have prosecuted a total of 11 people, among them one current and one former Balder Exec, on insider crime charges surrounding Collector.

Anthon B Nilsen Acquires Hotel Property in Oslo

Norway Norway — Anthon B Nilsen Eiendom has acquired Kongens gate 7 from Oslo Opportunity, a fund managed by Clarkson's Platou Real Estate Investment Management.

Building Permit Granted for Balder in Central Sundbyberg for Residential Development

Sweden Sweden — The Building and Permit Committee has taken a decision to grant Balder a building permit for a new residential block in central Sundbyberg. The area will be densified with both housing and business premises.

The Future Development of Balder's Project Portfolio

Nordic — Balder has a very strong project pipeline. With developments being made both to keep under own management and to sell, CEO Erik Selin comments on the future development of the project portfolio.

Balder and Serneke in Joint Residential Project in Northern Sweden

Sweden Sweden — Together, Balder and Serneke will develop approx. 200 apartments in Umeå. The recently awarded land allocation is the starting shot for Balder’s establishment in the city and provides an opportunity for Serneke to boost its presence in Norrland’s largest growth area.

Balder Makes Swedish Acqusitions

Sweden Sweden — Balder adds two new properties to their portfolio.

Balder Increases Entra Holdings – Here Are the Future Plans for the Company

Norway Norway — Balder has increased its holdings in Norwegian Entra from 25 to 32.7 percent. CEO Erik Selin comments on Balder’s future plans for their Entra holdings.

“Investment Opportunities Like ABP Are Few”

Norway Norway — Pangea Property Partners’ CEO Bård Bjølgerud on the blockbuster deal, where Balder has signed an agreement to acquire Norwegian industrial real estate company Asset Buyout Partners, and why the Norwegian market is getting more interest from global investors.