NREP Sells Helsinki Office Property to Evli

Finland Finland — A fund managed by NREP has divested an office property in Pitäjänmäki, Helsinki to Evli Rental Yield Fund (AIF) managed by Evli Fund Management Company Ltd.

Alm Equity Sells a Building Rights Portfolio and Becomes Large Owner in Aros Bostad

Sweden Sweden — Alm Equity and Aros Bostad have signed a letter of intent and are creating one of Greater Stockholm's largest housing developers. Alm Equity sells a project portfolio of 1,600 building rights to Aros Bostad with payment in shares and thus becomes large owner in the company.

NCC to Construct 440 Residential Units near Copenhagen

Denmark Denmark — NCC has been commissioned by a joint venture between Catella, Nordkranen and DWS to construct approximately 440 rental units in Herlev near Copenhagen. The order value of the construction contract is approximately SEK 840 million. The units will be constructed on land where NCC previously conducted asphalt operations.

Strong Foreign Interest in Finnish Care Properties

Finland Finland — The Finnish care property segment continues to be hot as Pohjola Insurance divests four hospital properties to an international investor. Antti Louko, Managing Director at Catella who advised Pohjola Insurance in the sale, tells Nordic Property News about the foreign interest in the Finnish care property market, what other segments attract foreign investors and whether the war in Ukraine has had any effect on the international investors’ interest for the Finnish market as a neighbor to Russia.

For Sale: Prestigious Residential Buildings in Copenhagen

Denmark Denmark — Catella expects a residential divestment of unique residential project for over DKK 1 billion.

Catella and Confido Form New Property Company

Finland Finland — The Finnish investment service provider Confido Group and Catella Asset Management established a new investment company: lndlog Properties Oy.

Elo Buys Three Residential Properties in Tampere

Finland Finland — Tampereen Asunnot Ky makes a divestment of three new residential properties. The properties consist of 186 apartments and three retail premises. Total lettable area is about 6,900 sq.m. The buyer is Elo Mutual Pension Insurance Company.

Oy Interior Invest Sells Logistics Centre to EQ

Finland Finland — Oy Interior Invest has sold a logistics centre in Tuusula in the Helsinki region. The property was acquired by EQ Commercial Properties Fund.

“The Biggest Question Regarding 2022 Is Still Covid”

Finland Finland — Antti Louko, Managing Director of Catella Finland, on the Finnish property year, predictions for 2022, and the continued global interest in Finnish real estate.

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.