ARTICLES TAGGED WITH "Fastator"

Status of some of the industry's most stressed companies

Sweden Sweden — SBB is being pressured on the stock market, bankruptcy threatened Oscar Properties is getting ready to release its delayed annual report and Kvalitena is continuing with the reconstruction of the company. Nordic Property News goes thru the current situation regarding some of the industry's most pressured players.

Svante Bengtsson appointed CEO of Fastator – again

Sweden Sweden — Svante Bengtsson back in the CEO chair at Fastator - after it was announced in January that he would leave the company in the summer. At the same time as Bengtsson becoming the new CEO, acting CEO and chairman of the board Björn Rosengren is leaving Fastator completely.

Significant doubt over Fastator's ability to survive

Sweden Sweden — Fastator's board and management believe that the recent events constitute a "substantial uncertainty" and that there is "significant doubt" for the company and the group's continued operation. This is evident from the company's annual report, which Nyhetsbyrån Direkt has summarized.

Fastator/Point Properties sells property in Strömstad

Sweden Sweden — Fastator's company Point Properties sells the property Riddaren 1 in Strömstad to Hagabacken AB, for an agreed purchase price of SEK 62.65 million. The property is valued at SEK 63m Q4 2023.

Fastator divests shares in SBS Norden

Nordic — Fastator divests shares in Studentbostäder i Norden (SBS Norden) and resumes interest payments.

Fastator sells development property

Sweden Sweden — Fastator sells development property in Nacka and at the same time resolves loans of SEK 70 million.

Large owners want to replace the entire board of SBS Norden

Nordic — Oltre Fund, Fastator and SBB, which together represent 40.72 percent of the votes and capital, have submitted a proposal to replace the entire board of Studentbostäder i Norden.

Joachim Kuylenstierna steps down as CEO of Fastator

Sweden Sweden — The board of Fastator announces that Joachim Kuylenstierna is leaving his post as CEO of the company. In connection with his departure, the board has decided to appoint Björn Rosengren, current chairman of the board, as acting CEO until a more permanent solution is found. At the same time Fastator announces that no irregularities have been found in the internal investigation regarding Joachim Kuylenstierna that has been conducted by independent lawyer Björn Wendleby.

Fastator sells shares for EUR 87 million

Sweden Sweden — In connection with the sale of directly and indirectly owned shares in Företagsparken, Fastator simultaneously regulates a guarantee undertaking. Buyers are two existing shareholders in Företagsparken. After the deal, Fastator will own 25 percent of Företagsparken, which has a balance sheet total of SEK 6.4 billion (EUR 583 million). The purchase price is SEK 38 (EUR 3.46) per share, which is the latest issue price adjusted for dividends.

"We should be a growth company that make the shareholders rich"

Sweden Sweden — Fastator makes a familiar change at the top when founder and largest owner Joachim Kuylenstierna steps in and takes over as CEO. Kuylenstierna told Nordic Property News about the return to the CEO chair, Fastator's status, how the company should develop, about the misconceptions surrounding consolidation and why he does not want to make general statements about the market.

Joacim Kuylenstierna returns to the CEO position at Fastator

Sweden Sweden — Fastator has appointed Joachim Kuylenstierna as the new CEO, while Svante Bengtsson returns to the role of Deputy CEO in the company.

Fastator Forms New Company

Sweden Sweden — Fastator forms the property and facilities group NPM Group. The company is a comprehensive supplier of services to the country's property owners.

Svante Bengtsson Named New CEO of Fastator

Sweden Sweden — The board of Aktiebolaget Fastator has decided to appoint Svante Bengtsson as CEO of Fastator.

Andreas Eneskjöld Appointed CEO of Företagsparken

Sweden Sweden — The Fastator company gets a new CEO.

Transcation between Point Propeties and Diös Called Off

Sweden Sweden — The announced transaction of six properties for MSEK 737 between Fastator's Point Properties and Diös will not be completed.

Företagsparken Acquires for MSEK 385

Sweden Sweden — Företagsparken, with Fastator as the main owner, has through a number of transactions entered into agreements to acquire twelve properties in Norrköping, Nynäshamn, Karlstad, Falkenberg and Kristianstad with a total underlying property value of approximately SEK 385 million.

Diös Divests Retail Properties for MSEK 737

Sweden Sweden — Diös is selling a number of retail properties with a property value of SEK 737 million in Gävle, Falun, Umeå and Skellefteå to Point Properties AB. Through the sale, Diös is optimizing its portfolio in each city and creating the conditions for further growth and acquisitions. Transfer of ownership will take place 1st June 2022.

Företagsparken Makes New Acquisition

Sweden Sweden — The Fastator company Företagsparken has acquired five properties in Eskilstuna with a total underlying property value of approximately SEK 120 million. The acquisition comprises a total lettable area of approximately 10,000 square meters with rental income of SEK 7.7 million.

How Företagsparken Will Reach the New Ambitious Growth Targets

Sweden Sweden — After going from SEK 800 million to SEK 4 billion in property value in 2021, the Fastator company Företagsparken is gearing up for the future and presents new growth targets of SEK 20 billion in property value by the end of 2023. Fastator's CEO Knut Pousette tells Nordic Property News about the new target and how to they look to reach it, where they will look for acquisitions and how he views competition in the light industry segment.

SBB Acquires 54.3 percent of the Shares and Votes in Offentliga Hus

Sweden Sweden — SBB acquires 54.3 of the shares and votes in Offentliga Hus from Fastator. The total purchase price for all shares in the transaction amounts to SEK 2.139 billion.

Fastator to Restructure the Holding Companies

Sweden Sweden — Fastator is restructuring the holding companies Offentliga Hus and Industrisamhället, at the same time as a new holding company is being created with the acquisition of shares in Studentbostäder i Sverige AB.

Offentliga Hus Closing in on IPO

Sweden Sweden — Fastator's Offentliga Hus has worked intensively with the preparatory work for an IPO in 2020. The preparatory work has proceeded according to plan and the first day of trading in Offentliga Hus shares is expected to fall in the first half of October 2020.

Offentliga Hus Acquires from SBB

Sweden Sweden — SBB sells a large public office buildings portfolio to Offentliga Hus for SEK 1.16 billion.

Offentliga Hus Acquires in Härnösand

Sweden Sweden — Offentliga Hus has entered into an agreement with Region Väster-norrland regarding the acquisition of the property Härnösand Fastlandet 2:60.

Industrisamhället Makes EUR 57M Purchase

Sweden Sweden — Industrisamhället, a subsidiary of Fastator, acquires 31 properties for MSEK 600 (EUR 57M).