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.

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.

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).

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.

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.

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.

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).

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

Norway — IBM, one of Norway’s largest IT companies, is in search of office spaces between 8,000 and 11,000 sqm for a new headquarters.

Nordic — CBRE has been appointed by Aberdeen Asset Management, the global asset management group, to manage a real estate portfolio of 290 assets in the Nordic region.

Norway — CBRE Group has entered into an agreement to acquire its affiliate company in Norway, Atrium AS, responding to increased demand from clients targeting commercial real estate opportunities across the Nordics.

Denmark — Danske Fragtmænd sells all their properties as a “sale-and-leaseback” to a fund controlled by Standard Life Investments, with a base in Edinburgh.

Sweden — Norwegian AFG Invest 5 AS – owned by AF Gruppen Norge, EKO Eiendom and Brødrene Jensen – has entered into an agreement for the sale of the office property Glasiären in Gothenburg.

Norway — The significant decrease in oil prices can internationally create a bubble on the real estate market. This according to CBRE that just came out with a new report on the effects of the decreasing oil prices.

Sweden — Triuva Kapitalverwaltungsgesellschaft (former IVG Institutional Funds) has divested a prime retail property in Helsingborg, Sweden to Skandia Fastigheter.

Nordic — Aberdeen Asset Management is to roll out its UK and Continental European property management business model into the Nordics. Aberdeen is in negotiations to outsource property management, property accounting and property administration to CBRE.

Nordic — The investment volume in Norway reached € 3 billion in Q3, representing approximately 33% of the total Nordic volume, which reached € 9.1 billion in the quarter.

Finland — Swedish property fund manager Sveafastigheter and its partner HGR Property Partners have sold an office building in Vallila in Helsinki, Finland. The buyer is a special fund managed by German Deka Immobilien. The purchase price is € 43.4 M.

Finland — An affiliate of the Finnish real estate investment manager Sirius Capital Partners (“Sirius”) has acquired three grocery stores for a total investment volume of approximately €7M. The seller is Real Estate Fund Finland I KY (“REFF I KY”), a fund managed by Pohjola Property Management Ltd.

Nordic — CBRE´s latest research report shows high market activity in the Nordics.

Sweden — CBRE´s latest research report shows high market activity in Sweden.

Sweden — Klövern purchases two office properties in two separate deals, in Majorna, Gothenburg for a total of MSEK 360 (€39M). This is the first time Klövern purchases in central Gothenburg.

Finland — The open-ended real estate fund Uni Immo, managed by the German real estate investment company Union Investment has acquired an office building in Helsinki´s CBD from the Finnish pension insurance company Etera.