Sweden — Pangea Property Partners is setting up a new JV for a large residential development project in Stockholm.

Nordic — Petter Stordalen’s company Strawberry Properties sells five hotel properties to Swedish Midstar. Nordic Choice will continue to be the operator.

Nordic — The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive properties. Transaction activity is expected to be record high in 2017, but slow down slightly in 2018.

Nordic — Driven by a very strong Norwegian and Finnish market, volumes in the Nordic property markets reached a new record in the first half of 2017. Private investors and property funds were particularly active on the buy side and the share of foreign buyers increased significantly, according to Pangea Property Partners report.

Norway — Genesta has on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) acquired the 14,000 sqm office building Mariboes gate 13 in Oslo from T. Klaveness Eiendom AS. The purchase price is EUR 59 million.

Norway — Midstar has acquired Quality Hotel Entry in Kolbotn from Petter Stordalen's Strawberry Properties.

Nordic — Nordic property shares have trended downwards since all-time high in September last year. Former valuation premiums have disappeared and many companies are now trading at a discount. In particular, smaller property shares outside the main list have taken a large hit, according to the new report Pangea Nordic Listed Overview from Pangea Property Partners.

Nordic — The number of transactions has increased during the early part of 2017 compared to the same period in 2016 and the transaction volumes are on par with the Nordic record year in 2016, according to a report from Pangea Property Partners.

Nordic — The Nordic property markets will continue to perform well, according to the new report Real Estate Outlook 2017 produced by Pangea Property Partners.

Denmark — Petter Stordalen and Nordic Choice Hotels won the contract for two hotels by Copenhagen Airport. On April 1st the current airport hotel will be converted to a high-end Clarion Hotel, and at the same time the construction of a new Comfort Hotel will start.

Nordic — Volumes in the Nordic commercial real estate markets set yet another record in 2016, led by an extremely vibrant Swedish market and strong activity in the residential segment, according to Pangea's report. This contrasts with a weak general trend in Europe following the Brexit vote.

Norway — Citycon has signed an agreement to acquire an office building in Bergen for EUR 78M from Tryg Forsikring A/S.

Nordic — After the Brexit vote, Nordic property shares have strongly outperformed both the general stock market and European property shares, supporting the notion of property in the Nordic region as a safe haven.

Nordic — Transaction volumes in the Nordic property market were €18.6 billion in the first half of 2016, according to new figures from Pangea Property Partners. This is an increase of 6 percent from the first half last year and a record first half in the Nordic market.

Sweden — Castellum gains access to Norrporten and resolves on issue in kind and transfer of repurchased shares. “Together we create an even stronger real estate company with larger presence in important growth markets in Sweden and Copenhagen,” says Henrik Saxborn, Castellum CEO.

Nordic — The transaction activity in the Nordics was moderate in May, with 61 transactions summing to EUR 2.5bn, according to Pangea Monthly Update.