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ARTICLES TAGGED WITH "JLL"

AMF Fastigheter acquires another office property in central Stockholm

Sweden Sweden — AMF Fastigheter continues to grow in the Södermalm area of Stockholm and buys the iconic Tobaksfabriken. The company previously owned the neighboring property Tobaksmonopolet, which is full of creativity and is home to designers, furniture manufacturers and interior designers, among others. The seller is a fund managed by CBRE Investment Management and the purchase price amounts to just over SEK 1.5 billion (EUR 131 million).

Corem acquires Helsinki property from Fennia Life

Finland Finland — Fennia Life has sold a well-known medical center property to a fund managed by the French company Corum. Located at Raumantie 1a, Pihlajalinna Dextra Munkkivuori offers the most comprehensive private emergency services in the Helsinki metropolitan area, including pediatric emergency care, accident and emergency care, and general practitioner services.

Niam acquires prime logistics asset in Norrköping

Sweden Sweden — Niam acquires a prime logistics asst in the strategically positioned and expanding Klinga Logistics Park, just south of Norrköping city centre. The newly developed asset encompasses 30,412 sqm of modern logistics space, constructed in 2023, and showcases high sustainability standards with a BREEAM Excellent certification.

PNO Finland sells outdoor storage property

Finland Finland — JLL has acted as a commercial advisor to PNO Finland Oy in a sale-and-leaseback arrangement of a 148,394 sqm outdoor storage and workshop property in Sipoo.

Blackrock makes acquisition from Infrahubs

Sweden Sweden — Infrahubs has signed an agreement to sell a new large logistics property under construction in Jönköping to a fund managed by Blackrock.

Areim acquires the office asset Grönstedska Palatset in central Stockholm

Sweden Sweden — Areim acquires the office asset Städet 9, also known as Grönstedska Palatset, on Sankt Eriksgatan in Hagastaden, Stockholm. The property, which was built in 1923, consists of 28,000 square metres of lettable area, renowned as the former headquarters of Vin & Sprit. Areim plans to further develop the property and at the same time preserve the property's history and characteristic features.

CEO leaves JLL

Finland Finland — JLL Finland’s CEO exits the company after 18 years.

"I think there could be more listed real estate companies by the end of 2024"

Sweden Sweden — JLL's Head of Research Niclas Höglund, who will be leaving the company soon, sees several factors that speak for a positive year for property companies on the stock exchange and expects both more new issues, bonds and that there may be more property companies on the stock exchange at the end of the year than there are today. During JLL's latest Nordic Outlook, he revealed more about why and what will drive development on the real estate market in 2024.

Positive trend on the transaction market: "Stronger will to do business"

Nordic — During 2023 the ball bounced more awkwardly than kindly for transaction advisor JLL on the transaction market, but the firm still managed to land over a dozen deals in a range of different segments. The transaction duo Daniel Anderbring and Pegah Abedini testify to a clear improvement in the market after the turn of the year and here they highlight the hot and slightly cooler segments in terms of probable transaction activity going forward.

Erik Nyman appointed new Head of Research for JLL Sweden

Sweden Sweden — JLL strengthens its corporate finance team with the appointment of Erik Nyman as new Head of Research.

JLL's expert: "Very positive on the bond market right now"

Sweden Sweden — The beginning of the year has meant some setbacks for the short and long interest rates and as late as the other day there were bad inflation figures from the USA which affected the listed part of the real estate sector in a negative way. But Mattias Baggfelt, head of Debt & Financial Advisory at JLL, still believes in a 2024 where the interest rate situation in Sweden will gradually improve and where a first reduction will come sometime around May/June.

Folksam acquires office property in central Stockholm

Sweden Sweden — Folksam, through KPA Pension, acquires the property Brädstapeln 13 in central Stockholm from Europa.

How new CEO Daniel Gorosch wants to rebuild Catella

Sweden Sweden — At the beginning of the 2023, Daniel Gorosch announced that he was leaving the assignment as CCO at Colliers, a role he took after the acquisition of Pangea. Now he has taken the step into one of Catella's CEO chairs and sees great opportunities to rebuild the company's market share in the current market situation.

Geopolitical tension and it's effect on investments in the hotel market

Nordic — Where does the hotel capital come from and how does it move in the global market? When the JLL manager summarize how geopolitics affects how capital moves, there are a number of different markets to keep an eye on.

Northen Horizon acquires healthcare property portfolio

Finland Finland — Northern Horizon acquires portfolio of 15 prime healthcare properties in Finland from EQ for EUR 75 million.

Here's why the listed property companies will continue to struggle

Sweden Sweden — JLL Sweden's Head of Research Niclas Höglund on the dark month of October for det Swedish listed real estate companies and when we will see a much brighter trend, going forward.

Advisory trio on the new transaction market: "Challenging to close ongoing deals"

Sweden Sweden — Today Nordic Property News concludes the survey where some of the industry's largest transaction advisors give their view of how they have experienced the historically weak transaction market so far this year. They talk about the new challenges, opportunities and trends in the market. Today the turn has come to a trio of advisers consisting of Newsec, JLL and Savills.

Real estate stocks almost halved in value since the peak

Nordic — The listed real estate companies have lost 49 percent of their value from the peak in November 2021, but at the same time have risen 20 percent since October last year. JLL's head of analysis Niclas Höglund gives his view of the real estate market and why he had hoped for slightly better performance as an indicator of the direction of the direct market going forward.

Europa rents entire building to Ioffice

Sweden Sweden — Europa has agreed a new 10-year lease with serviced office provider, Ioffice, for the entirety of the 5,720 sq m of newly refurbished office space at 32-36 Sveavägen in Stockholm.

KKR and Mirastar enter Sweden – acquire last-mile logistics property

Sweden Sweden — KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality last-mile logistics property in Stockholm. This off-market acquisition is the first in Sweden for KKR and Mirastar.

NREP Makes Portfolio Acquisition from S-Bank

Finland Finland — A residential property fund S-Bank Housing non-UCITS Fund, managed by S-Bank Fund Management Ltd has sold three residential properties to NREP.

JLL's Expert: The Case for and Against Properties on the Stock Exchange

Nordic — Since October 2022, the real estate sector of the stock market has slowly started to recover from the slaughter in the first nine months of last year, although February has been a weak month so far. JLL's head of analysis Niclas Höglund gives his view of what he believes speaks for and against the property shares right now and going forward.

NREP Buys from VVT

Finland Finland — VVT has sold a retail centre property located in Kauniainen to a fund managed by NREP.

JLL Recruits from Cushman & Wakefield

Sweden Sweden — Partner leaves Cushman & Wakefield to return to JLL.

DHL Supply Chain to Develop Logistics Centre

Finland Finland — DHL Supply Chain, the global market leader in logistics, have signed an agreement to build a new logistics centre in Bastukärr in Sipoo, Finland. Fira Oy operates as the developer in the project.