Scandic Hotels has signed an agreement with the landlord HM 2 A/S to operate the new large Scandic Spectrum hotel in central Copenhagen. The hotel, which will have 632 rooms, will be the largest in Scandic’s portfolio and is expected to open in 2021.
Alma Property Partners acquires Stämpeln 1 in Häggvik adjacent to the E4 highway. The property will be developed to a modern retail area comprising approximately 30,000 square meters.
K/S Lahti has sold a retail property in Lahti to VVT Property Fund I Ky, a property fund managed by VVT Kiinteistösijoitus Oy.
Mengus has sold Uggleborg 14, also known as Sthlm Hub, to Union Investment.
Mengus’s second fund Mengus 2011 divests the office property Duvan 6, also known as the Copper Building, in central Stockholm.
Cushman & Wakefield Realkapital AS appoints Lisa F. Wold as Head of Capital Markets in Norway.
Pradera has announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund. In a EUR 900M transaction agreed with Ikea Centres, the fund has signed a contract to acquire 25 prime retail parks next to Ikea stores in eight European countries.
TH Real Estate has agreed to acquire a 50 percent stake in the Kamppi Centre, a prime shopping centre located in Helsinki, Finland from Barings Real Estate Advisers (“BREA”), acting on behalf of the Nordic Retail Fund, thereby creating a 50:50 joint venture partnership between Allianz and TH Real Estate. The 50 percent stake, which values the centre at over EUR 500M, is to be acquired on behalf of TH Real Estate’s flagship pan-European investment vehicle, the European Cities Fund, which was laun
ELF Development has purchased 3 building plots in Malmö from Bonava. 200 residential units are expected to be constructed over 3 phases.
A Carnegie company has purchased Spillum Handelspark in Namsos, Norway.
In Sweden, property transactions totalling SEK 134 billion (EUR 14 billion) were carried out during the first nine months of the year. This corresponds to a year-on-year increase of 31 precent. Adjusted for Castellum’s acquisition of Norrporten – by far the largest property transaction conducted during the year – the transaction volume rose 5 percent compared with 2015.
Starwood Capital Group, a leading global private investment firm, and Vencom, through separately controlled affiliates, sells six retail parks and shopping gallerias in Sweden to Trophi Fastighets AB, a company managed by Redito and owned by the Swedish pension fund AP3.
Håvard Bjorå has been appointed to a newly created role as Head of Nordic Research at Cushman & Wakefield. In the new role Håvard’s responsibility is to build the platform for Nordic Research and to develop concerted analytics across the region.
Jens Linderstam has been appointed Head of Retail Services at Cushman & Wakefield in Sweden. Jens Linderstam will be responsible for building the business unit and will be part of the Swedish management team.
The Swedish transaction market got off to a good start in 2016 and the transaction volume for the first quarter amounted to SEK 28.5 billion (€3.1M), which is more than SEK 5 billion (€540M) higher than the same period in 2015. It is also the second highest deal volume recorded during a first quarter in the last ten years.
Cushman & Wakefield has chosen Affiliates in Denmark, Norway and Finland. The guiding principle in the selection has been Cushman & Wakefield's stated vision to lead the real estate industry with the best talent, the best clients and the best results.
Cornerstone Real Estate Advisers purchases the Åhléns City property in central Malmö from Vencom and Rockspring Property Investment Managers for MSEK 365 (€40M).
Agneta Jacobsson has been appointed Swedish CEO and responsible for the Nordics for the new Cushman & Wakefield, which has now merged with DTZ. Anders Nordvall is Head of Capital Markets.
Global property adviser Cushman & Wakefield has announced the continued expansion of its Swedish operation with six new hires.