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ARTICLES TAGGED WITH "PWC"

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).

Art-Invest Real Estate acquires from Patrizia

Sweden Sweden — Art-Invest Real Estate has acquired the properties Säby 3:22, 3:77, and 3:78 in Barkarby, located in the metropolitan area of Stockholm, Sweden, from Patrizia. This marks the first acquisition by Art-Invest Real Estate’s newly established Stockholm branch.

Storebrand Nordic Real Estate Fund marks its second investment

Sweden Sweden — Storebrand Nordic Real Estate Fund (SNRE) has achieved another milestone with its second strategic acquisition, a high-quality logistics property located in the Viared logistics hub in Borås, Sweden. This latest investment further solidifies Storebrand's Nordic growth ambitions within the core-plus segment.

Slättö acquires residential portfolios

Finland Finland — Slättö acquires two residential portfolios in Finland with total value of EUR 130 million.

Alma and Kristensen acquire property on Strøget

Denmark Denmark — Alma and Kristensen acquire property on the Strøget high street in central Copenhagen.

CDC Investissement Immobilier ventures into Nordics with two residential acquisitions in Copenhagen

Denmark Denmark — CDC Investissement Immobilier, real estate asset management subsidiary of the French public institution Caisse des Dépôts, has successfully entered the Nordics by acquiring from Bellakvarter A/S two residential complexes totaling 13,400 sqm and 182 units located in urban Copenhagen. Fokus Nordic assisted CDC Investissement Immobilier with this off-market acquisition and will manage the assets.

Pictet acquires logistics property in Halmstad

Sweden Sweden — Pictet Alternative Advisors has completed the acquisition of a newly built logistics property in Halmstad. The property comprises approximately 18,300 square meters of logistics space of institutional quality. The acquisition was completed for Pictet's Core Plus strategy.

Nrep acquires hotel property in Copenhagen

Denmark Denmark — Nrep has bought the Comfort Hotel on Vesterbrogade in Copenhagen from a company associated with the American investment fund Starwood Capital.

Blackstone's Sponda signs lease with PWC

Finland Finland — PWC signs lease at Sponda's project Signe ahead of work commencing.

Nordika becomes major shareholder in Norwegian KMC Properties

Norway Norway — KMC Properties has agreed with Nordika for an equity injection, enabling further growth and financing of the acquisition of seven new properties. Nordika will invest NOK 275 million (EUR 24.4 million) at a price of NOK 5.5 (EUR 0.49) per share, representing 12.7 percent of the shares outstanding in KMC. Nordika will, after the issuance, be the third largest owner of KMC.

German Quantum acquires first property in Copenhagen

Denmark Denmark — Quantum sets a strategic signal and expands successfully to the Danish residential market. The subject of the first transaction is a state of the art building in Copenhagen. In this line, a new office with local expertise is opening.

Nordika acquires from M2 Asset Management

Sweden Sweden — Nordika acquires education property in Kista, Stockholm from M2 Asset Management.

Savills IM Acquires Distribution Centre near Stockholm

Sweden Sweden — Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a distribution centre in Rosersberg near Stockholm, Sweden in an off-market transaction on behalf of its flagship European logistics fund.

Heimstaden Acquires Residential Portfolio from Akelius for EUR 9.1 billion

Nordic — Heimstaden subsidiary, Heimstaden Bostad, buys 599 properties with 28,776 homes centrally located in Berlin (14,050), Hamburg (3,592), Stockholm (5,934), Malmö (4,107), and Copenhagen (1,093). Transaction value SEK 92.5 billion (EUR 9.1 billion) with SEK 2.8 billion in annual rental income.

Castellum Acquires Kielo for Approximately EUR 640M

Finland Finland — Castellum acquires the real estate company Kielo, part-owned and managed by Brunswick Real Estate, for approximately EUR 640 million.

Real I.S. Buys First Office Property in Helsinki

Finland Finland — Real I.S. has acquired an office building in Helsinki for the real estate special AIF BGV VIII Europa – its first acquisition in Finland. Seller is the Dutch developer RED Concepts.

Blackstone Acquires Office Property in Stockholm

Sweden Sweden — Blackstone acquires a 12,300 sqm office property in Södermalm, Stockholm, from Angelo Gordon and Scius.

BGO Acquires Logistics in Malmö

Sweden Sweden — BentallGreenOak marks entry into the Swedish real estate market with a logistics acquisition in Malmö from Genesta.

Europa Capital Makes Residential Investment in Copenhagen

Denmark Denmark — Europa Capital’s core fund completes acquisition of 178 residential units in Copenhagen for EUR 88 million.

The Hottest Segments in the Nordics

Nordic — Interest in the Nordic markets continues to be hot - both among foreign and domestic investors. Helena Ehrenborg, partner at PWC, tells Nordic Property News which segments are the strongest, which are the weakest and what the cross-border situation looks like in the Nordic region.

Norwegian Property Makes Massive Oslo Acquisition

Norway Norway — Norwegian Property acquires Telenor's building in Fornebu, Oslo, for NOK 5.45 billion (EUR 496M).

NREP Sells Eleven Properties to Blackstone

Nordic — NREP is now selling 11 selected logistics properties in the Nordics. The divestment will enable a strategic renewal of the Logicenters portfolio, including investments in new developments and acquisitions across the Nordics.

Genesta Acquires in Central Stockholm

Sweden Sweden — Genesta enters into an agreement to acquire the office property Repslagaren 34 on behalf of its fund GNRE Fund III from Klara Norra Fastigheter.

Savills IM Acquires DSV’s Global HQ and Logistics Assets for Korean Investor

Denmark Denmark — Savills Investment Management (Savills IM), the international real estate investment manager, has acquired on behalf of Vestas Investment Management (Vestas IM) and their Korean institutional investors the global headquarters and logistics assets of DSV, the leading Danish transport company.

Patrizia Sells Mixed-Use Property in Central Copenhagen

Denmark Denmark — Patrizia AG, the global partner for pan-European real estate investment, announces the sale of Galleri K, a prime mixed-use retail, leisure and office asset.