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.

These Are the Hottest Locations and Segments in Southern Sweden

Sweden Sweden — The Öresund region continues to grow strongly and attract the attention of both domestic and foreign investors. Fredrik Dackheden, Director at Catella, tells Nordic Property News about the interest in the Öresund market, which segments and regions are the hottest and what the foreign interest looks like.

KY Foundation Divests Landmark Property in Helsinki City Centre

Finland Finland — The Foundation for Business Students in Aalto University (KY Foundation) has sold an office property, which is known as the KY Building and located at Pohjoinen Rautatiekatu 21 in the Helsinki city center.

Winners and Losers on the Finnish Transaction Market

Finland Finland — Antti Louko, Managing Director at Catella Finland, on the current trends on the Finnish investment market; how the pandemic has affected the transaction pace, and whether the vacancy rates will increase in 2021. “Still a lot of foreign interest towards Finland.”

Catella Credi: Credit Market Sentiment Turns Cold as Credit Margins Increase

Nordic — Banks turned bearish towards the property sector as credit margins increased while the stock market for property-related shares soared amidst positive vaccine trials, Catella writes in their Credi report.

Belgian Investor Enters Finland – Acquires Healthcare Property in Vaasa

Finland Finland — Cofinimmo is listed on Euronext Brussels and the transaction with FinCap is the company’s first investment in Finland. The property has been fully leased to Mehiläinen with a long lease agreement.

Renor Sells Historic Office Building in the Centre of Tikkurila

Finland Finland — Renor LTD divests a newly developed historical office building and a share of a parking facility in the same Silkki block in the centre of Tikkurila. The buyer is Non-UCITS Fund Aktia Commercial Properties

Catella Wohnen Europa Fund Passes €1 billion Milestone with Helsinki Residential Acquisition

Finland Finland — Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund via their AIFM platform together with Catella Asset Management Oy.

Tre Kronor Continues to Acquire in Norway

Norway Norway — Through subsidiaries, Tre Kronor has signed an agreement to acquire a property in Andebu, ten kilometers south of Oslo.

LaSalle Acquires Landmark Property in Helsinki for EUR 45.5 Million

Finland Finland — OP Life Assurance Company Ltd’s has made a divestment of a historic landmark office property in the centre of Helsinki to global LaSalle Investment Management.

Schroder Completes Acquisition of Two Office Buildings in Copenhagen

Denmark Denmark — Schroder acquires two office buildings totalling 32,800 sqm in Valby in Copenhagen.

Senate Properties Sells in Helsinki

Finland Finland — Catella acted as Senate Properties’ advisor in the divestment of shares of property in Merihaka, Helsinki.

The US Plans for the Attractive Copenhagen Quarter

Denmark Denmark — Hines has secured a major debt financing package for the Trinity Quarter redevelopment at Copenhagen’s Købmagergade. James Robson, Managing Director of the US investor Hines’ Nordic operations, tells Nordic Property News about the redevelopment plans and how the refinancing took place.

“Demand for High Quality Assets Are Still High”

Finland Finland — Christoffer Sundberg from Cobbleyard Real Estate on the global interest for the Finnish property market, and how long it took for Cobbleyard to divest the assets in Tampere.

Varma Sells Two Properties in Oulu and Lappeenranta

Finland Finland — Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in a sale of Lappeenrannan Kodinkeskus retail property.