CBRE GWS Appoints New Development Manager

Norway Norway — CBRE Global Workspace Solutions appoints Jan Petter Skogstad as new development manager.

CBRE Hotter than Apple and Tesla

Nordic — CBRE Sweden’s HR Manager tells Nordic Property News how the company topped giants like Tesla and Apple in Forbes' ranking.

Sehested Group Becomes Part of CBRE

Denmark Denmark — As of 1 November 2018, Sehested Group becomes part of CBRE.

“It Is Driving Prices Up to Unprecedented Levels”

Finland Finland — CBRE Finland’s new MD Colin Waddell, tells Nordic Property News his views on the Finnish market and the large foreign interest in Finland.

Colin Waddell on his New Position as MD of CBRE Finland

Finland Finland — CBRE look abroad to find their new management in Finland and appointed Colin Waddell Managing Director. The new MD tells Nordic Property News what he will bring to the CBRE Finland and what advantages he sees in coming from the outside.

DWS Acquires 42,000 sqm in Aviapolis

Finland Finland — Elo Mutual Pension Insurance Company, together with Local Tapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS.

CBRE Appoints New MD in Finland

Finland Finland — Colin Waddell has been appointed Managing Director of CBRE Finland Oy with effect from 1st September 2018. He will take over from Joni Koski, who is stepping down from this role after five years.

Bonnier Fastigheter Enters Uppsala

Sweden Sweden — Bonnier Fastigheter purchases Stationsgallerian in Uppsala, consisting of the Fålhagen 70:1 and Fålhagen 70:3 properties, from SPP Fastigheter.

EQ Acquires Shopping Centre in Helsinki

Finland Finland — Special Investment Fund eQ Finnish Real Estate has acquired the shopping centre Malmin Nova in Helsinki from a fund managed by Savills Investment Management.

Citycon Sells Stockholm Shopping Center to Artmax

Sweden Sweden — Citycon has entered a deal with Artmax regarding the divestment of the Åkermyntan shopping center in Stockholm. Furthermore, Citycon has developed and sold adjacent construction rights of approximately 7,000 square meter apartment buildings to a property developer.

Profi Purchases from Brunswick

Sweden Sweden — Profi Fastigheter purchases the Gustavsberg 1:316 property, also known as Badkarsfabriken from Brunswick Real Estate. The property encompasses 21,000 sqm facilities for education, warehouse and production.

Speculative Office Development on the Rise in Copenhagen

Denmark Denmark — A decrease in office availability has spurred a rise in speculative office development in Copenhagen. Ninna Therkelsen and Dragana Marina from CBRE analyze the new trend for Nordic Property News.

Deka Acquires Oslo Office Property for EUR 77M

Norway Norway — Deka Immobilien has acquired an office property in Oslo for around EUR 77M. The seller is the Norwegian project developer Winta Eiendom AS. The property is to be included in the portfolio of the open-ended real estate fund Westinvest Inter Select.

NREP Divests Office Property in Helsinki

Finland Finland — NREP has sold a prime office property located in the district of Sörnäinen in Helsinki to M&G Real Estate.

CBRE GI Buys for EUR 80M in Gävle

Sweden Sweden — CBRE European Shopping Centre Fund II, a fund managed by CBRE Global Investors, has acquired Gallerian Nian in Gävle, Sweden, for EUR 80M. The vendor was a closed end fund managed by Barings Real Estate Advisers.

Capman Makes First Acquisition in Oslo

Norway Norway — Capman Nordic Real Estate fund has acquired a mixed use commercial property located at St. Olavs Gate 23 in central Oslo from Aberdeen.

CBRE Managed Fund Enters Finland

Finland Finland — The CBRE European Shopping Centre Fund II (ESCF II), a fund managed by CBRE Global Investors, has acquired Skanssi Shopping Centre in Turku. The shopping centre was bought in an off-market deal from Capman.

CBRE Global Investors Acquires Bromma Blocks from Starwood

Sweden Sweden — CBRE Global Investment Partners (CBRE GIP) announced today the acquisition of Bromma Blocks, Stockholm, for an undisclosed amount. The acquisition was completed on behalf of the CBRE GIP European Co-Investment Fund (ECF), the firm’s European value add program, in a joint venture with Vencom. The seller was a controlled affiliate of Starwood Capital Group.

TH Real Estate Acquires 50 percent of Kamppi

Finland Finland — TH Real Estate has agreed to acquire a 50 percent stake in the Kamppi Centre, a prime shopping centre located in Helsinki, Finland from Barings Real Estate Advisers, acting on behalf of the Nordic Retail Fund, thereby creating a 50:50 joint venture partnership between Allianz and TH Real Estate. The 50 percent stake, which values the centre at over EUR 500M, is to be acquired on behalf of TH Real Estate’s flagship pan-European investment vehicle, the European Cities Fund, which was launched in 2016.

CBRE Acquires Shopping Center from Trophi

Sweden Sweden — CBRE Global Investors announces the acquisition of Jägersro Center in Malmö, Sweden, on behalf of the CBRE European Shopping Centre Fund II. The vendor was Trophi Fastigheter AB and the transaction price is approximately MSEK 500 (EUR 52M).

Trevian Continues to Sell Care Properties

Finland Finland — Trevian Care II Ky, a real estate equity fund managed by Trevian Asset Management Oy, has sold a portfolio comprising of 11 care property assets to a fund managed by AXA Investment Managers – Real Assets.

Copenhagen Currently Third Largest Transaction Market in Europe

Denmark Denmark — Copenhagen has during the last two quarters been in third place in Europe, in regards to the transaction volume, according to numbers from CBRE.

Warburg Divests to eQ Finnish Real Estate in Helsinki

Finland Finland — On behalf of Warburg-HIH Invest, TH Real Estate has sold an office property in Helsinki to eQ Finnish Real Estate, a Finnish property fund managed by eQ Asset Management. The purchase price amounts to approximately EUR 21 million.

Platzer’s First Acquisition on Lindholmen

Sweden Sweden — Gothenburg Company Platzer has for a time had the goal of acquiring in the Lindholmen district. The first acquisition is now completed; an office property encompassing 9,700 sqm for MSEK 373 (€40M).

New Pareto Company Purchases 94,000 sqm

Sweden Sweden — Pareto Securities created Bosjö Fastigheter purchases Ellos’ headquarters and central warehouse in Borås.