Catella Establishes Property Investment Management Platform in Norway

Norway Norway — Catella enters property investment management in Norway and mezzanine fund management in Luxembourg through an initiative in partnership with Jarle Norman-Hansen and Bjarte Solheim, both with extensive experience from the property investment markets of Norway and the Nordics.

DNB Divests its Residential Property Portfolio in Denmark

Denmark Denmark — Norwegian bank DNB divests its entire residential property portfolio in Denmark to an international private equity group. This is one of the largest property transactions in Denmark in 2015.

Ica and AP 1 Creates New Company

Sweden Sweden — Ica Fastigheter and the First Swedish National Pension Fund (AP 1) creates Secore Fastigheter, that initially acquires 13 retail properties from Ica Fastigheter in Sweden, for MSEK 1,100 (€ 118 M).

Catella Expands its Relationship with Moor Park

Finland Finland — Catella Asset Management (former Amplion) continues to expand its relationship with Moor Park Capital Partners and certain overseas investors in administering real estate entities in Finland.

Less office space is used in the Nordics

Nordic — According to Catella, the use of office space per capita has grown in southern Europe since 2000. But in the Nordics, the space per capita has decreased.

Catella: Closing in on the Summit?

Sweden Sweden — Catella's Real Estate Debt Indicator (CREDI) Main Index fell in June by 5.8 points to 54.8, compared with 60.3 in February 2015. Both lenders and borrowers indicated a continued slowdown. Availability of financing improved during the past three months and is expected to remain unchanged during the next three months.

AIG Divests in Finland

Finland Finland — AIG – American International Group – has sold a property in Vantaa, just north of Helsinki. The buyer was Swedish property company Sagax, and the purchase price amounted to MSEK 106 (€11M).

NREP Secures the Exit of the Largest Nordic Prime Logistics Portfolio to Date

Sweden Sweden — NREP (Nordic Real Estate Partners) has sold the largest portfolio of modern prime logistics properties in the Nordics to a consortium of four Danish pension funds.

Catella Establishes Link Prop Investment

Sweden Sweden — After raising capital of some SEK 150 million, Catella is launching property company Link Prop Investment AB, which through its subsidiary has acquired the Idédebatten 3 property in Mjärdevi, Linköping.

Catella divests Nordic Fixed Income

Sweden Sweden — Catella has signed an agreement with Arctic Securities AS to sell all shares in its subsidiary Nordic Fixed Income AB.

New CEO at Catella Corporate Finance

Sweden Sweden — Robert Fonovich has been elected CEO at Catella’s Swedish Corporate Finance department. He most recently had the roll as Sweden and Sector Manager in the area of Corporate Finance Real Estate at PWC and has more than 15 years of experience as leader within real estate advisory. He will replace Johan Ericsson who has been acting CEO since Anders Nordvall’s departure this fall.

Large Non-banking Deal Finances Carlsberg Byen

Denmark Denmark — Carlsberg Byen has entered into a non-banking credit agreement with the Danish pension fund PKA totalling €325M.

Postnord Divests Danish Headquarters

Denmark Denmark — Postnord, leading supplier of communication and logistic solutions to, from and within the Nordic region, divests their Danish headquarters as well as a letter terminal in Copenhagen for MSEK 1,152, approximately €124 M.

Catella: Reflationary monetary policy supports the property market in Finland

Finland Finland — The reflationary monetary policy introduced by the European Central Bank – and low interest rates in particular – strongly support part of the property market. Last year, the Finnish transaction volume exceeded € 4 billion, compared to the more or less € 2 billion in the previous five years, according to Catella.