Finland — Catella was the advisor in sale of the property holdings of Minerva Palveluasunnot II.

Finland — Minerva Palveluasunnot II Ky, managed by Minerva-yhtiöt, has sold a portfolio consisting of four supported living properties to Nordea Life Assurance Finland Ltd. Catella acted as the seller’s advisor.  

Sweden — Regio, owned by Sveafastigheter and AP3, acquires Sigmahuset in Västerås.

Finland — The new Catella Market Indicator Finland spring 2017 has now been published. The real estate transaction volume last year exceeded the previous record in Finland, and it seems like the market will remain very active also in 2017. 

Denmark — Munich-based investment manager Catella Real Estate has acquired a parking garage with 360 parking spaces in Copenhagen for its newly launched open-ended real estate special AIF, Catella Parken Europa. The property is leased to the well-known car park operator Apcoa on a long-term basis. 

Finland — Newly established investment company CTV Properties AB has bought a diversified logistics and light industrial property portfolio in Finland. The portfolio consists of 29 properties in both Helsinki and other growth regions of Finland, with in total 103,000 square metres of floorspace. Catella’s asset management sourced the deal, acted as structurer including arranging the financing, and will manage the company. Catella Bank conducted the capital raising, and 93 private investors and institutions have invested in the company, with Sampo Group as anchor investor.

Finland — Catella’s asset management team in Finland has closed the final sale of a retail portfolio of 18 assets across Finland. Catella was mandated by Mount Street Loan Solutions LLP in 2014 to act as a strategic asset manager for the portfolio and to lead the sales process of the assets. 

Sweden — Capman Nordic Real Estate fund has agreed to sell Bergshamra Bro in Solna, Northern Stockholm, to Solnaberg Property AB, a company established by Catella. The price is MSEK 858 (EUR 89M).

Sweden — In the September edition of the Swedish “Catella Real Estate Debt Indicator”, the property sector does not appear to have suffered from the Brexit vote. The property companies’ loan-to-value has increased while their average interest rate has fallen, and listed property companies have outperformed the stock market. However, although the Credi Main index increased from 41.0 to 42.5, the property debt financing market is still in contraction.

Sweden — Samhällsbyggnadsbolaget created by Ilija Batljan purchases a large urban development project in Falkenberg. The total investment will be approximately €260 M (SEK 2,5 billion).

Denmark — A joint venture will create an extraordinary residential development project in Nordhavn, Copenhagen.

Nordic — The Northern European property market is increasingly featuring in the pan-European real estate portfolios of institutional investors. Compared with other European countries, the economic transparency and prosperity of the markets in the Nordic countries makes them a popular option. Also, the availability of capital opens up new investment opportunities. Catella foresees these opportunities, especially for investments in the office and retail markets.

Denmark — Carlsberg Foundation divests six properties to a consortium of three Danish pension funds for € 148 M.

Finland — Hatfield Philips has sold the “Reindeer” shopping centre portfolio to City Kauppapaikat Oy, which is a Finnish real estate investor and developer that already owns several shopping centres.

Finland — Toyota Tsusho Nordic Oy and SaKa Hallikiinteistöt property fund, managed by Sampo, have signed a 4,000 sqm retail lease agreement in the Suomenoja area in Espoo.

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.

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.

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).

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.

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.

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.

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).

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.

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.

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