News | Nordic Property News

ARTICLES TAGGED WITH "Erik Selin"

"This Will Trigger the Next Financial Crisis"

Nordic — September 15 2008 the figurative bomb exploded on Wall Street when Lehman Brothers folded and set off the financial crisis. Now that a decade has pasted Nordic Property News rehashes the events of the crisis, the effect it had on the Swedish real estate market and see into the future as to what will set off the next crisis with Erik Selin, CEO of Balder, Hans Wallenstam, CEO of Wallenstam, and Sven-Olof Johansson, CEO of Fastpartner.

Balder acquires property at Backaplan, Gothenburg

Sweden — As a part in Balder’s investment in Backaplan, one of the big urban development areas in Gothenburg, they have now acquired a commercial property consisting of 9,000 sqm of existing space and future office construction rights of approximately 21,000 sqm.

Balder in New Hotel Investment

Sweden — Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.

Balder an Important Partner in Väsby Entré

Sweden — Fastighets AB Balder will be a so-called anchor partner in the work on Väsby Entré in Upplands Väsby, and will develop more than half of the project.

Why Balder has Strong Faith in the Nordic Markets

Nordic — Earlier this spring Sweden's largest listed real estate company, Balder, made its first acquisition in Norway as well as several acquisitions in the other Nordic markets. For Nordic Property News, CEO Erik Selin gives his views on the Nordic region's future development.

Balder Sees Possibilities on Declining Housing Market

Sweden — Swedish real estate giant Balder keeps showing strong numbers. CEO Erik Selin tells Nordic Property News what possibilities the company sees on the declining housing market.

Swedish Giant On New Oslo Purchase

Norway — Swedish giant Balder conitinues to invest in Norway. This time by acquiring a EUR 38M property in Oslo from Skanska. CEO Erik Selin tells Nordic Property News what sparked this expansion out west.

Starwood Makes Offer for Listed Swedish Company

Sweden — Starwood Capital Group has made a public cash offer to the shareholders of Swedish listed residential company Victoria Park. Owners of 31.5 percent share of the votes – including main owner Greg Dingizian and Balder CEO Erik Selin – have accepted the offer. Erik Selin tells Nordic Property News why and his thoughts on the process.

Balder Makes New Big Hotel Splash

Sweden — Swedish giant Balder makes new big hotel investment. The company's CEO Erik Selin tells Nordic Property News on the importance of the hotel portfolio, entering a new market region and the collaboration with Norwegian hotel mogul Petter Stordalen.

Swedish Giant Makes First Retail Investment

Sweden — Balder has made their first large retail property ever by paying close to MSEK 795 (EUR 81M) for 421 in Gothenburg. Erik Selin tells Nordic Property News more about the fast deal – and open up for more purchases in the new segment.

Balder Acquires Properties For More Than SEK 4 billion

Sweden — Fastighets AB Balder has entered into an agreement to acquire all the properties in the I.A Hedin Fastighet AB group from Anders Hedin Invest AB. The agreed value of the properties will amount to SEK 4.150 billion (EUR 434M) after completion of ongoing new and re-constructions. Balder also completes a directed issue of 3 million Class B ordinary shares, raising proceeds of approximately MSEK 690 (EUR 68M).

Skandrenting Purchases in Täby

Sweden — Skandrenting, owned by Erik Selin, has purchased the electronics company Mycronic’s headquarters in Täby.

Balder’s First Norwegian Purchase

Norway — Balder has now made their first acquisition in Norway – Balder acquires Hedmark University of Applied Sciences for MNOK 700 (€75M).

Balder Acquires 49 percent of Sjaelsö Management

Denmark — Fastighet AB Balder has bought FIH’s share of 49 percent in Sjaelsö Management ApS. The remaining 51 percent is unchanged owned by Sjaelsö Management's CEO Flemming Joseph Jensen.

Balder and AP3 Creates Housing Company

Sweden — Balder and the Third National Swedish Pension Fund (AP3) creates a joint venture for investments in housing properties in Sweden. “We have to wait and see the magnitude of this” Balder’s CEO Erik Selin tells Nordic Property News.

Balder and Backahill Become Owners of New Brinova

Sweden — Balder and Backahill creates the new company Brinova. The aim is set for listing the company in 2016.

Balder Acquires 21 Percent of Sato

Finland — Balder, listed on Nasdaq Stockholm, acquires 21 percent of Sato, a Finnish real estate company focused on residential properties.