Increased International Interest in Swedish Properties

Sweden Sweden — During the first eleven months of 2015, international investors have doubled their relative investment volume compared to the same period the previous year, They are now accountable for approximately 30 percent of the transaction volume, according to Newsec. The corresponding investment volume from international investors has not been seen since 2008.

NREP Acquires a Retail Development in Espoo

Finland Finland — NREP Nordic Strategies Fund I has acquired a retail development of 2,600 sqm in the Niipperi area of Espoo, Finland.

Global Net Lease Acquires 60,000 sqm in Helsinki

Finland Finland — NV Property Fund I, managed by NV Kiinteistösijoitus Ltd, has sold a portfolio of four assets to Global Net Lease, Inc. The assets are located in the area of Helsinki-Vantaa Airport and are leased to Finnair with long lease agreements. The lettable area totals around 60,000 sqm.

Veritas sells Sola Business Valley office building

Finland Finland — Veritas Pension Insurance has sold an office building located in Leppävaara, Espoo to RREEF Investment GmbH, a real estate investment business of Deutsche Asset Management. The purchase price is approximately €70M.

Lidl Acquires Office Property from Ilmarinen

Finland Finland — Pension Insurance Company Ilmarinen has sold an office property located in Niittykumpu, Espoo, to Lidl Suomi Ky. The office has lettable area of approximately 10.000 sqm.

NREP Acquires the H30 Office Building in Helsinki

Finland Finland — NREP Nordic Strategies Fund, a fund managed by Nordic Real Estate Partners (NREP), has acquired a modern office building in Pitäjänmäki, Helsinki.

Newsec Receives Large Management Assignment

Sweden Sweden — American Starwood purchased Sveareal in January, owning properties in Sweden at a total value of approximately SEK 7 billion (€0,75 billion). Newsec has now been assigned management of the portfolio.

TIAA Henderson Real Estate Sells Retail Park in Sweden

Sweden Sweden — TIAA Henderson Real Estate (TH Real Estate) has sold the Swedish retail park Ingelsta Markn, on behalf of its German joint venture - Warburg-Henderson. The park has been acquired by Niam for €30 M.

SRV-developed Niittykumpu Metro Centre Sold to OP-Vuokratuotto

Finland Finland — The SRV-developed metro centre to be built next to the Western Metro’s Niittykumpu station in Espoo, Finland, has been sold to OP-Vuokratuotto special investment fund.

Newsec Brokers Large Wind Power Deal

Sweden Sweden — The Swedish wind power developer Kraftö are now initiating the construction of Sörby wind farm, comprising 122 MW for the international insurance company Allianz, who acquires their third wind farm in Sweden. The park, that will consist of 37 Vestas V117 3.3 MW windmills, is calculated to be put into operation during the fall of 2016. Newsec has been exclusive advisors in the deal.

Increased International Interest in Finland

Finland Finland — Kai Keituri, Executive Chairman at Newsec Finland detects an increased interest in Finland from international investors. “Last year the transaction volume in Finland doubled, and we believe that the volume will remain as high this year”, he says.

Newsec: Properties continue to deliver attractive yield

Sweden Sweden — Low interest rates, higher risk willingness, good availability of financing and a relatively low risk of vacancies have led to continued decline in the yield requirements for Swedish properties, while the yield beyond prime locations are beginning to approach primary levels, according to this spring´s new issue of Newsec Property Outlook.