Catella Procures Debt Financing

Denmark Denmark — Catella procures debt financing for Hines’ unique redevelopment project of a hotel and retail in central Copenhagen.

Catella on Nuveen's Growing Interest in the Nordic market

Denmark Denmark — Catella were the advisors to Bach Gruppen in the €100 million sale of a premium student housing project in Copenhagen to global investors Nuveen. Morten Gustafson, Director of Catella Corporate Finance, tells all about the major deal and why the buyer is likely to do more business in Denmark and the rest of the Nordics.

Catella: Credit Sentiment Improves as Corporates Expect Strong Recovery

Sweden Sweden — In the July issue of Catella's CREDI, the Main index increases from 33.7 to 40.4 as corporates have strong expectations of a near future recovery while the current situation is deemed gloomy by both banks and corporates.

HGR Purchases Helsinki City Block from Senate Properties

Finland Finland — Senate Properties sells a property, which comprises an entire block in the Helsinki city centre. The buyer is a Finnish real estate development company HGR Property Partners Oy.

Catella Invests to Develop Logistic Property in Norrköping

Sweden Sweden — Catella invests MSEK 500 to develop a logistic property in the municipality of Norrköping together with the former owners of Royal Design. The transaction is conditional on the granting of building permits.

Athanase Becomes Majority Owner in Catella Fondförvaltning

Sweden Sweden — Catella enters into a strategic partnership with Athanase, with the object to further develop and enhance the client offering through Catella Fondförvaltning. In conjunction, Athanase acquires 70 percent of the shares in Catella Fondförvaltning (“CFF”) for cash consideration of SEK 126-154 million, depending on CFF’s development until the transaction date.

Catella Strenghtens its Corporate Finance Team

Sweden Sweden — Jacob Bruzelius has been appointed Head of Debt Advisory and Restructuring at Catella's Corporate Finance in Stockholm. He joins Catella from Rikshem. Previously he has held positions at Aareal Bank and The Royal Bank of Scotland.

Varma Divests a Reception Centre Property in Helsinki

Finland Finland — Mutual Pension Insurance Company Varma has sold a reception centre property in Helsinki to an unnamed buyer.

Site Fund Acquires Property from Private Owner in Espoo

Finland Finland — A private owner has divested the office property in the address Laturinkuja 6 in the Vallikallio area in Espoo.

Private Investor Acquires Office Property in Tampere

Finland Finland — Catella acted as private investor’s financial advisor in the purchase of an office property in the Tampere city centre. The seller of the property was another private investor.

Balder Makes New Finnish Investment

Finland Finland — Balder acquires seven properties in Finland.

Matkahuolto Divests Portfolio

Finland Finland — Matkahuolto divests of a property portfolio consisting 13 assets in several locations across Finland. Most of the assets are commercial premises in travel centres and bus stations. The buyer is a group of private investors.

Evli Acquires Healthcare Property

Finland Finland — Evli acquires healthcare property from Fincap.

Why the Office Vacancy Rates Are on High Levels in Helsinki

Finland Finland — Antti Louko, Managing Director at Catella Finland: ”It is unlikely that the situation will improve significantly in the short run.”

Finnish Retailer Kesko Sells Retail Property in Oulu

Finland Finland — Kruunuvuoren Satama, which is a subsidiary of Kesko Group, has divested a retail property located in Karjasilta in Oulu. The anchor tenants of the property include Budget Sport and Intersport.

Lumo Kodit Buys 143 Apartments in Helsinki and Vantaa

Finland Finland — Lumo Kodit Oy and Valio Pension Fund with Valio Mutual Pension Insurance Fund have agreed on the acquisition of 143 apartments.

Nordika Acquires Centrally Located Office Asset in Helsinki

Finland Finland — The property is well-known as the former headquarter of Amer Sports and comprises circa 10,000 sqm of lettable area. The seller is a German fund in liquidation.

Agat and By & Havn Sells to Jeudan

Denmark Denmark — Agat Ejendomme and By & Havn divests an underground parking facility at Amerika Plads in Copenhagen for DKK 335 million to Jeudan.

Fennica Acquires Retail Property

Finland Finland — Fennica Properties, managed by Fennia Group, acquires a retail property located in Suomenoja, Espoo, from Julius Tallberg-Kiinteistöt.

Knut Pedersen Leaves as CEO of Catella

Sweden Sweden — Catella's President and CEO Knut Pedersen has informed the Board that he wishes to leave his role as CEO. He will continue in his current role during the notice period of a maximum of 6 months and will leave the position as CEO at the latest in conjunction with the Annual General Meeting.

The Main Challenges for Investors on the Office Market

Sweden Sweden — Arvid Lindqvist, Head of Research at Catella in Sweden, on the trends on the investment market and whether international interest in office properties in Sweden will increase.

The Lowest Housing Rental Yields in 40 Years: “Rents Will Continue to Rise”

Nordic — Professor Thomas Beyerle, Head of Group Research at Catella, on the yields in the Nordic cities, which Nordic capital that has experienced the strongest percentage rental growth since 2015 and why the European yields will continue to fall.

Varma Sells Syke Shopping Centre

Finland Finland — Varma Mutual Pension Insurance Company sells the Syke Shopping Centre in Lahti to Osuuskauppa Hämeenmaa cooperative.

AEW Acquires Two Residential Properties in Helsinki and Espoo

Finland Finland — AEW has acquired two residential properties in the Helsinki Metropolitan Area on behalf of a German pension fund. The properties comprise a total of 87 rental apartments and 5,018 square meters of leasable space.

NREP Makes Investment in Senior Housing

Denmark Denmark — NREP has become the new co-owner and capital partner to Tetris A/S. NREP will amongst others help expand the VoksenPlus concept across the Denmark by funding an ambitious 5-year pipeline of 15 locations, totalling 80,000 sq.m and 1,000 rental units.