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ARTICLES TAGGED WITH "Peter Wallin"

How Germany's troubles opens opportunities for Bonava

Nordic — Germany is sick - but that is precisely why Bonava is preparing for land purchases in its strategic markets. “We see that type of opportunity, especially in Germany right now”, says CEO Peter Wallin. On Thursday, he and Bonava presented their third quarterly report.

Bonava sells in Turku

Finland Finland — Bonava is selling and starting production of a project comprising 99 rental state subsidised apartments in Turku to the property company TA-Asumisoikeus Oy. The purchase consideration amounts to approximately EUR 20 million and the project will generate a positive cash flow from the very start.

Bonava CEO: "Recovery can take time"

Nordic — Bonava sees good opportunities to gradually increase production starts in the second half of 2024 and 2025. This is what CEO Peter Wallin says in the report for the second quarter. But there is one market that looks particularly bright.

Bonava sells housing project

Nordic — Bonava is selling a project of 89 rental apartments in Düsseldorf, Germany.

Peter Wallin on Bonava's investment in Germany: "Germans are more forward-thinking"

Sweden Sweden — Bonava is, as we learned last week, starting production of around 180 homes in Germany. It is the regions of Berlin, Rhine-Main, North Rhine-Westphalia and Saxony that will be the stage for the current production starts, which are expected to be completed in 2025 and 2026. Nordic Property News has spoken to CEO Peter Wallin, who tells us more about the German investment.

Peter Wallin: "Bonava must be very active in the market"

Sweden Sweden — Bonava's president and CEO, Peter Wallin, spoke, on Thursday when delivering the interim report for the fourth quarter, about a gradually stabilized market with increased activity. Examples of this are, said the CEO, more speculators on viewings, a greater number of searches online and, as a result, more bookings and sales. “It is a little too early to talk about a turnaround and change in the entire market, but it is clear that it has stabilized and that the signs of an improvement are more concrete now,” says Wallin.

CFO Lars Granlöf leaves Bonava – new interim CFO appointed

Nordic — In connection with the implementation of Bonava's updated business plan for 2024 and onwards, Bonava's CEO Peter Wallin and CFO Lars Granlöf have agreed that Bonava needs a CFO with somewhat different competence and experience. Therefore, Lars Granlöf is leaving the role as CFO of Bonava. At the same time, Lars Ingman has been appointed as interim CFO. The change takes effect immediately.

Bonava's Peter Wallin calm despite German market turmoil

Sweden Sweden — Bonava sells apartment stock and builds new ones in the Cologne area. This at the same time as the cancellations in housing construction increase to a new peak level and the uncertainty in the market is enormous, according to experts. But Bonava's CEO, Peter Wallin, still believes in Germany: "It is a large and multifaceted market that we know well."

How Bonava wants to invest the capital from the Norwegian divestment

Nordic — Bonava sells its operations in Norway to Union Residential Development and with it leaves the Norwegian market completely. CEO Peter Wallin tells Nordic Property News how they arrived at the decision, how they will use the capital that is freed up and how Bonava views its other markets.

Bonava divests Norwegian operations to Union Residential Development

Norway Norway — Bonava has reached an agreement to divest its Norwegian operations to Union Residential Development, a Norwegian real estate fund. The purchase price is SEK 1.5 billion (approximately EUR 129 million) and the transaction is expected to be finalised no later than the third quarter of 2023. The deal is pending approval from Norwegian authorities.

Bonava's CEO on the Challenging Market

Nordic — Still major challenges, but improvements are visible in some of the regions' portfolios. That's CEO Peter Wallin's words about this year's first quarterly report for Bonava can be summed up. "The results look good in terms of margins, with a few exceptions. The machinery works."

More Units Recognised with Higher Margins for Bonava

Nordic — Bonava improves gross margin and increases profit before tax.

Bonava to Close Operations in St. Petersburg

Sweden Sweden — The Russian invasion of Ukraine is a humanitarian crisis and Bonava sympathises with all those affected. Bonava has made the decision to close its operations in Russia.

Business-Unit President to Leave Bonava

Nordic — Kristina Olsen has decided to leave Bonava and her role of BU President of Bonava Norway to work with an external assignment. Jonas Granström has been appointed Acting BU President and member of the Executive Management Group.

After the Danish Divestment: How Bonava Moves Forward

Nordic — Bonava's CEO Peter Wallin on what market they see greatest growth opportunities, why Norway is considered as an independent market from now, and his view on Sweden.

Why Denmark Is Not of Expansion Interest for Bonava

Denmark Denmark — Bonava’s Peter Wallin on his first months as CEO, and the decision to wind down the Danish operations: “Plenty of time and space to grow in Denmark, but…”

Bonava Winds Down Danish Operations

Denmark Denmark — Bonava has decided to wind down its operations in Copenhagen and exit the Danish market in order to increase efficiency and profitability in the Group.

Bonava Sells 72 Rental Apartments in Helsinki

Finland Finland — Bonava is selling two rental housing projects comprising a total of 72 rental apartments just west of Helsinki to the investor Taaleri Vuokrakoti Ky Fond. The housing units are expected to be handed over to the customer and recognised in profit in the second and third quarters of 2022.

Peter Wallin Appointed New CEO of Bonava

Nordic — The board of Bonava has appointed Peter Wallin as the new President and CEO. Peter Wallin will take up his position no later than 1 February 2021 and will succeed Joachim Hallengren.

Changes in Skanska Senior Executive Team

Sweden Sweden — Skanska executes several changes in their Senior Executive Team. Among others, Anders Danielsson, Peter Wallin and Pierre Olofsson will get new roles.