ARTICLES TAGGED WITH "Erik Selin"

Erik Selin: "Buying Entra Is too Dangerous Right Now"

Nordic — Balder has no plans to change its ownership in Entra, and CEO Erik Selin sees it as too dangerous to buy up the entire company, although he believes that the company's stock is "extremely cheap" right now. Here he also tells how he sees the future of the company's rating from S&P, which in 2022 wrote down the outlook for the company's BBB rating to negative.

SLP Ready to Increase its Transaction Pace

Sweden Sweden — Fast-growing SLP makes changes in the management group. CFO Tommy Åstrand takes over as CEO while the current CEO, Peter Strand, steps in to a new role as working vice chairman. Peter Strand tells Nordic Property News about the changes, about SLP's ambitions for 2023 and about the possibility of expanding outside Sweden.

SLP Makes Change in CEO

Sweden Sweden — The nomination committee proposes Peter Strand as the new executive vice chairman of the Board as of the Annual General Meeting. As executive vice chairman, Peter Strand will, in addition to his board assignment, and as an employee of the company as transaction and strategy manager, have a particular focus on property acquisitions and assist the Board and management in strategic matters. Tommy Åstrand, current CFO for SLP, will succeed Peter Strand as CEO after the Annual General Meeting on April 26, and Matilda Olsson, current finance director, will simultaneously take over as CFO.

Erik Selin: "We Can Keep Away From the Bond Market Until 2026"

Sweden Sweden — Balder was one of the real estate companies that advanced the most on the stock market during Friday's trading, this after the company released its financial statements for 2022. During the presentation, CEO Erik Selin commented on his view on the bond market, the credit appraisers' view of the company and what we can expect from Balder on the transaction market in 2023.

Balder Increases Ownership in Next Step Group

Sweden Sweden — Next Step Group is selling its part of property holdings in Nya Hovås to Bygg-Göta Fastigheter. Meanwhile, Fastighets AB Balder and Jacob Torell are increasing their ownership in Next Step Group.

S&P Confirms Balder’s Credit Rating BBB

Sweden Sweden — S&P confirms Balder’s credit rating BBB but Changes Outlook from stable to negative.

Why Balder Expects Lower Investment Figures in 2023

Nordic — After an extended period of sizeable investments, Erik Selin believes Balder will have significantly lower figures in 2023. The Balder CEO expands on his thoughts on investments and comments on the possibility of Balder looking at a SBB-model of spinning off part of the company into a new entitiy.

The Targets for the New Swedish Residential Company

Sweden Sweden — A new company enters the Swedish housing market. With a strong team behind it, Covitum takes the first step with an investment in Boden. The CEO and founder Ingvor Sundbom tells Nordic Property News about the venture, the growth ambitions and about Balder’s Erik Selin joining as the main owner.

Karlatornet Is Now the Tallest Building in Scandinavia

Sweden Sweden — After reaching 193 meters, Balder and Serneke's Karlatornet in Gothenburg, which is still under construction, is now the tallest building in Scandinavia.

Balder’s Associated Company Trenum Sells Properties to the Swedish Fortifications Agency

Sweden Sweden — Both of the properties for police operations in Sörentorp that Fastighets AB Balder has managed since 2014 are now being sold to the Swedish Fortifications Agency.

Balder and Stockholms Travsällskap in New Collaboration on the Development of Solvallastaden

Sweden Sweden — Fastighets AB Balder and Stockholms Travsällskap (Stockholm Trotting Society) are starting a joint venture company with the intention of developing a further three blocks and 500 apartments in Solvallastaden.

Ewa Wassberg Appointed New Head of Finance at Balder

Sweden Sweden — Balder has appointed Ewa Wassberg as the new Head of Finance. She joins Balder from Fabege and replaces Marcus Hansson, who left the company due to the ruling regarding insider trading in the Collector share.

After the Prison Sentence: Balder's Head of Finance Resigns

Sweden Sweden — Marcus Hansson leaves his employment at Balder. CEO Erik Selin: "I am disappointed and surprised by the verdict."

Balder's Ambitions for the Hot Segment

Nordic — Balder has started to list industrial and logistics as its own property category in the financial reports. CEO Erik Selin explains why and shares his view of Balder’s growth ambitions in the scolding hot segment.

Balder Completes New Acquisition in Gothenburg CBD

Sweden Sweden — Balder adds new piece to their Gothenburg portfolio.

Balder and Next Step Group to Develop New Logistics Hub

Sweden Sweden — Link40 is the name of a new, major goods and logistics hub that the property company Balder and the urban developer Next Step Group is establishing in Mölnlycke.

SLP Ready for IPO: "There Has Been a Lot of Interest"

Sweden Sweden — Swedish Logistic Property is going public. CEO Peter Strand tells Nordic Property News about the IPO, the company's target going forward and his view of the general market situation.

Balder Acquires in Finland and Norway

Nordic — New pieces added to Balder's Nordic puzzle.

Balder and Serneke Construct the Aries Block in Karlastaden

Sweden Sweden — Fastighets AB Balder and Serneke are establishing another joint venture development company to continue the collaboration in Karlastaden, Gothenburg. This time, the joint venture companies will develop the Aries block in Karlastaden involving approximately 190 apartments.

Balder Makes New Acquisitions in Hot Segment

Sweden Sweden — Balder continues to expand the portfolio with new acquisitions.

Balder Breaks Ground on New Housing in Östermalm

Sweden Sweden — Tuesday was the construction start for the CAPREA housing project in Östermalm, where Balder will build 28 apartments, approx. 300 sqm of retail space on the ground floor and parking places in the basement.

Erik Selin Increases Holding in Finnish Heavyweight

Finland Finland — Becomes even more powerful in the Eastern neighboring country.

The Future Development of Balder's Project Portfolio

Nordic — Balder has a very strong project pipeline. With developments being made both to keep under own management and to sell, CEO Erik Selin comments on the future development of the project portfolio.

Balder Increases Entra Holdings – Here Are the Future Plans for the Company

Norway Norway — Balder has increased its holdings in Norwegian Entra from 25 to 32.7 percent. CEO Erik Selin comments on Balder’s future plans for their Entra holdings.

Erik Selin on the ABP Acquisition

Norway Norway — Erik Selin on Balder's major investment, the risk for oil dependence, and fish farming.