Blackstone Acquires Office Property in Stockholm

Sweden Sweden — Blackstone acquires a 12,300 sqm office property in Södermalm, Stockholm, from Angelo Gordon and Scius.

Leaves Balder for Blackstone’s Mileway

Nordic — Blackstone-owned Mileway makes another appointment to their Nordic team.

Blackstone Makes New Nordic Appointment to the Mileway Team

Nordic — The Blackstone company Mileway continues to invest heavily in the Nordics. In addition to the new major acquisition from Castellum, they are adding another important person to their team.

Castellum Divests Further Properties to Blackstone for SEK 4.8 Billion

Sweden Sweden — Castellum has entered into an agreement with real estate funds managed by Blackstone to divest a further 53 properties for net proceeds of SEK 4.8 billion after deductions for deferred tax and overheads of SEK 0.2 billion. The agreed property value involves a premium of 27 percent against the Q3 2020 valuation and 15 percent against the Q4 2020 valuation. Hand-over will take place on 3 May. The assets will be incorporated into Blackstone’s pan-European last mile logistics platform, Mileway.

Castellum's CEO on the Withdrawn Entra Offer

Norway Norway — Henrik Saxborn on what happens now with the Entra holdings, and the next step in the giant Blackstone deal.

Blackstone Company in Major Lease Agreement

Nordic — Exclusive at Nordic Property News: Mileway signs a new 15-year lease with existing customer.

The Swedish Competition Authority Approves Blackstone’s Acquisition from Castellum

Sweden Sweden — Castellum notes that the Swedish Competition Authority has granted regulatory competition approval for Blackstone’s acquisition of a portfolio of 214 income-producing warehouse and logistics assets from Castellum for SEK 18.1 billion.

Castellum Doesn't Give Up on Entra: ”Together We Can Create Something Amazing”

Norway Norway — Castellum's CEO Henrik Saxborn on the revised offer to acquire the majority of the shares in the Norwegian heavyweight Entra, and the recent blockbuster divestment to the Blackstone subsidiary.

Castellum Increases Entra Offer – and Announces Major Sale to Blackstone

Sweden Sweden — On November 26, 2020, Castellum announced the intention to launch a share exchange and cash offer to eligible Entra's shareholders. Castellum now increases the consideration in the offer by 13.9% by offering each eligible Entra shareholder 8 newly issued Castellum shares for every 13 shares in Entra and NOK 54.39 in cash per share in Entra, representing a total value of NOK 1852 per Entra share excluding synergies.

Klövern Divests to Blackstone's Mileway

Sweden Sweden — Klövern divests 12 properties in Malmö, Lund, Norrköping and Västerås for SEK 610 million.

Why Blackstone Are Struggling in Finding Assets

Nordic — The Blackstone team summarizes the first three quarters of 2019, and comments on the effects on the investment market, due to Covid-19.

Mileway: ”We Continue to See Growth Opportunities”

Nordic — Mileway’s Head of Nordics, Tomas Beck, tells Nordic Property News about the attraction to Malmö, challenges across Europe during the corona outbreak, and Nordic expansion plans.

After the Divestment to Blackstone – Here Are Wihlborgs' Investment Targets

Sweden Sweden — Wihlborgs completes a massive deal by selling a portfolio for SEK 1.43 billion to Blackstone. Wihlborgs' CEO Ulrika Hallengren tells Nordic Property News why they choose to sell, where they want to invest in the future and why the increased competition can be something positive.

Logistea Sells to Blackstone

Sweden Sweden — Logistea includes a letter of intent with real estate funds managed by Blackstone regarding a potential sale of the company's only property at a property value of approximately MSEK 841.

Nyfosa Divests Logistics Portfolio for SEK 2.1 Billion to Blackstone

Sweden Sweden — Nyfosa has signed an agreement with real estate funds managed by Blackstone to divest a logistics portfolio for an approximate value of SEK 2.1 billion, in accordance with a previously announced letter of intent. With this divestment, Nyfosa is paving the way for new acquisitions with a focus on growing strong and stable cash flows.

The Blackstone-Owned Logistics Company’s Nordic Targets

Nordic — Mileway’s Head of Nordics, Tomas Beck: “We are focused on building a portfolio of high-quality, well-located assets.”

Blackstone’s Logistics Company Strengthens the Nordic Team

Nordic — Experienced Asset Manager has been recruited to key position at Mileway – the pan-European last mile logistics real estate company, owned by Blackstone.

Blackstone Makes New Swedish Acquisition

Sweden Sweden — HIG divests a logistics property in Kungsbacka, south of Gothenburg, to funds managed by Blackstone.

Blackstone’s Actions in Finland Due to Covid-19: “Challenging Times”

Finland Finland — Sponda, owned by the US giant Blackstone, shares their view on the corona consequences in their Finnish business. CEO Christian Hohenthal: “We are working closely with our tenants.”

Blackstone: ”We Remain Positive on the Long-Term Outlook for the Nordics”

Nordic — James Seppala, Head of Real Estate Europe at Blackstone, on the immediate investment effects due to the outbreak of the coronavirus and the latest investments across the Nordic region.

Cromwell Sells Portfolio to Blackstone

Denmark Denmark — Cromwell European Real Estate Investment Trust has completed the sale of 12 assets in France, Denmark and the Netherlands for EUR 65.7M to funds advised by affiliates of Blackstone.

NREP Sells Eleven Properties to Blackstone

Nordic — NREP is now selling 11 selected logistics properties in the Nordics. The divestment will enable a strategic renewal of the Logicenters portfolio, including investments in new developments and acquisitions across the Nordics.

Blackstone's Logistics Company Appoints Nordic Head

Nordic — Mileway strengthens its team in the Nordics by hiring Regional Manager.

Blackstone on the Swedish Deal: ”A Historical Performance”

Sweden Sweden — Blackstone Group's CFO Michael Chae gives his first comments about the succesful journey with Hembla in Sweden and the total return of the investment.

JLL’s Finnish CEO on the Blackstone Appointment

Finland Finland — JLL Finland’s Christian Hohenthal leaves the company after just six months as CEO – to join the Blackstone owned Sponda. To Nordic Property News he tells about his decision: ”It is an iconic company.”