Cofinimmo Invests in Helsinki Care Home

Finland Finland — Cofinimmo has acquired the company that will develop a nursing and care home in Helsinki. The investment budget amounts to approximately 19 million EUR.

EQ Community Properties Fund Purchases Properties for EUR 141 Million

Finland Finland — City of Jyväskylä sells three educational properties and three fire station properties. The purchase price is EUR 141 million. The transaction is subject to approval of Jyväskylä City Council. The buyer is EQ Community Properties Fund.

Catella Corporate Finance Secures 619 MDKK in Long Term Debt Facilities

Denmark Denmark — Catella has secured strategic non-recourse debt facilities allowing for the refinancing of all of Park Street's short-term debt, the development of the company’s second Copenhagen Student/Youth Living property, Pulse N, and enhancement of the company’s general capital position.

Orange IM and Catella Makes Odense Acquisition

Denmark Denmark — Orange IM and Catella Parken Europa Fund acquires underground car park in Odense for EUR 49 million.

Catella Strengthens Corporate Finance Team

Sweden Sweden — Fredrik Dackheden, Director, and Jacob Bruzelius, Head of Debt Advisory, becomes Partners at Catella.

The Segment That Attracts Most Investors in Finland

Finland Finland — Antti Louko, Managing Director of Catella Finland, tells Nordic Property News about the current trends on the Finnish investment market, the large deals in July, and which segment that has been hit the hardest during the pandemic.

NREP Acquires Office Property from Cobbleyard and Revcap

Finland Finland — Cobbleyard Real Estate and Revcap have sold a major office property in Sörnäinen, Helsinki. The property was acquired by NREP.

Catella Wohnen Europa Fund Buys 234-unit Residential Complex in Aarhus

Denmark Denmark — Berlin-headquartered Catella Residential Investment Management and Munich-based Catella Real Estate, as the German KVG investment platform, have purchased ‘Hi:Life’, an affordable rental residential complex in Aarhus, Denmark for the Catella Wohnen Europa Fund for €85 million.

The Finnish Office Market Expected to Bounce Back

Finland Finland — Antti Louko, Managing Director of Catella Finland: “We are already seeing increasing investor demand both from foreign and domestic investors.”

Catella in Corporate Finance Appointment

Finland Finland — Catella has appointed Jenni Ervasti to its Helsinki Corporate Finance unit to strengthen Catella’s real estate advisory services in Finland.

Hemsö Acquires University Asset in Helsinki

Finland Finland — Hemsö acquires a university property in central Helsinki for future development into modern training facilities. The property will be leased by the University of Helsinki until 2024. The investment amounts to approximately EUR 17 million and the seller is the University of Helsinki.

How Cromwell Property Group Will Grow its Nordic AUM

Nordic — Pontus Flemme Gärdsell, Head of Nordics at Cromwell Property Group, tells Nordic Property News about the recent industrial divestment and the Nordic targets going forward.

Catella Signs Lease Agreement in Örebro

Sweden Sweden — Catella has, through its subsidiary Infrahubs Fastighet 3 AB, signed a lease agreement with Matsmart Scandinavia AB to build and manage a new automated central warehouse of approx. 24,000 sq.m. in Örebro. The new warehouse will be ready in the spring of 2022.

Paulo Foundation Sells Care Properties

Finland Finland — Paulo Foundation sells two care properties in the City of Espoo and in the City of Vantaa. The buyers are a group of private investors.

Blackstone Acquires Office Property in Stockholm

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

Varma Sells Office Property in Helsinki

Finland Finland — Varma sells an office property located in Herttoniemi, Helsinki, to a group of private investors.

Cromwell Divests Industrial Portfolio

Finland Finland — Cromwell has completed the sale of five industrial assets in Finland for EUR 11.6 million on behalf of a capital partner.

Catella Gets Leasing Assignment for Landmark Property in Helsinki

Finland Finland — Catella enters into exclusive Leasing Management Agreement for a landmark property in Helsinki CBD.

Cromwell Divests Light Industrial Portfolio to Elite Alfred Berg

Finland Finland — Cromwell Property Group makes a divestment of a light industrial portfolio including five properties located in Helsinki, Espoo, Tampere and Oulu.

Catella Appoints New CEO

Sweden Sweden — The Board of Catella has appointed Christoffer Abramson as CEO and President of Catella Group. Christoffer will begin his role no later than by the Annual General Meeting, May 25 2021.

These Are the Chances of a Recovering Finnish Transaction Market

Finland Finland — Catella Market Indicator Spring 2021 Finland has been published. Antti Louko, Managing Director of Catella Finland, tells Nordic Property News about the decreased transaction volumes, whether this is the new normal, and expectations on the Finnish investment market in 2021.

Reasons Behind the French Divestment

Nordic — Catella divests its 50.1 percent holdings in its French subsidiary Catella Asset Management SAS for a cash purchase price of SEK 154 million. Timo Nurminen, Head of Property Investment Management at Catella, tells Nordic Property News about the decision, how they performed in 2020, and how Catella will continue to strengthen the property operations.

“The Danish Real Estate Environment Has Changed Fundamentally“

Denmark Denmark — The world’s oldest and largest international network of real estate experts, ULI, launches in Denmark. Jesper Bo Hansen, Head of Corporate Finance, Catella, will be the new Chair serving a two-year term on a voluntary basis. To Nordic Property News he talks about the benefits, the main focus, and the major challenges on the Danish property market.

Catella Divests Property Asset Management-Operations in France

Sweden Sweden — Swedish property advisor Catella divests its 50.1 percent holdings in its French subsidiary Catella Asset Management SAS for a cash purchase price of SEK 154 million. The divestment will have a positive effect on profit after tax, including transaction costs, of approximately SEK 122 million during the first quarter of 2021.

Belgian Investor Cofinimmo Buys Care Home from Fincap

Finland Finland — Cofinimmo continues its expansion in the Finnish healthcare real estate sector with the acquisition of a nursing and care home under construction in Vantaa, in the Helsinki metropolitan area.