ARTICLES TAGGED WITH "Serneke"

The Challenges of the Construction of the Nordics’ Largest Building

Sweden Sweden — After the Covid delays and the turbulence around the Serneke founder: Here is how the company moves forward with Karlastaden.

Serneke Forms JV to Continue the Development of Karlastaden

Sweden Sweden — Serneke and Fastighets AB Balder are forming a joint company to continue their collaboration in the Karlastaden district. The company will develop three buildings in the district, comprising a total approximately 45,000 square meters GFA and approximately 450 apartments.

Michael Berglin Appointed Permanent CEO of Serneke Group

Sweden Sweden — The Board of Directors of Serneke Group has appointed Michael Berglin as President and CEO. Berglin has had the role of acting CEO since February this year and will take up his permanent role immediately.

Balder and Serneke in Joint Residential Project in Northern Sweden

Sweden Sweden — Together, Balder and Serneke will develop approx. 200 apartments in Umeå. The recently awarded land allocation is the starting shot for Balder’s establishment in the city and provides an opportunity for Serneke to boost its presence in Norrland’s largest growth area.

Ola Serneke Steps Down as President and CEO of Serneke Group

Sweden Sweden — Following discussions with the Board of Directors of Serneke Group, Ola Serneke has decided to step down from the role of President and CEO of Serneke Group. He will also be leaving his position as a member of the company's Board of Directors. In his role as President of Serneke Invest, Ola Serneke will retain responsibility for the company's major urban development projects.

Ola Serneke on the Karlatornet Deal: ”A Day of Joy for Us”

Sweden Sweden — Ola Serneke, CEO of Serneke, on the importance of Balder’s entrance on the construction of the Nordics’ largest tower, Karlatornet, where they are right now in the construction process, and what the future might hold.

Balder Acquires 50 Percent of Karlatornet

Sweden Sweden — Balder is acquiring 50 per cent of the shares in Karlatornet AB, becomes a shareholder in Serneke Group and has agreed on the acquisition of almost 1,400 rental apartments and just over 12,000 sqm of commercial premises.

CEO Says Serneke Has a Buyer for Karlatornet

Sweden Sweden — Trading in Serneke's share was stopped on Wednesday afternoon, this after CEO Ola Serneke said at a webcast student seminar that a partner was ready in Karlatornet.

Ola Serneke: “We Evaluate All Possibilities”

Sweden Sweden — International expansion plans and questions about the upcoming (?) sale of Karlatornet – which will be the Nordics’ tallest building. Ola Serneke, CEO of Serneke Group, on the current status of the groundbreaking project.

Serneke to Build 414 Rental Apartments in Knivsta

Sweden Sweden — Serneke and Magnolia Bostad have signed a turnkey contract for 414 housing units in Knivsta.

Serneke's Sale of Karlatornet Is Being Postponed

Sweden Sweden — Completion of Serneke's sale of Karlatornet to Oaktree Capital Management, which was due to happen within days, is being postponed. The reason is the uncertain situation in the global financial market caused by the corona pandemic. Consequently, Serneke will minimalize all activities in the construction of the tallest house in the Nordic region.

Serneke to Divest a Majority Stake of Karlatornet to a Global Investor

Sweden Sweden — Serneke has reached an agreement-in-principle with Oaktree Capital Management to divest 80 percent of Karlatornet, situated on the Karlastaden estate in the Lindholmen area of Gothenburg. Serneke will remain as a shareholder in Karlatornet and continue to act as main contractor for the construction of the tallest building in the Nordic region.

Serneke about to Sell Karlatornet to International Investor

Sweden Sweden — Serneke is about to sell Karlatornet, Sweden's tallest building when completed, to an international player.

Serneke Combines Business Areas

Sweden Sweden — Serneke is streamlining and combining its earlier business areas of Project Development and Property Management. Better resource utilization and more efficient processes in the development of the property business are main reasons for the reorganization.

How the Construction Giant will Bounce Back

Sweden Sweden — The Swedish construction giant Serneke has conquered a lot of land lately and will build the highest tower in the Nordic region, but showed poor results in the Q1 report. The founder and CEO Ola Serneke tells Nordic Property News why it looks the way it does, why investors do not have to worry and gives the latest update on the Karlatornet.

Serneke Strikes Back: "They Must Be Erected as well..."

Sweden Sweden — In the battle of the tallest buildings in the Nordic region – Ola Serneke speaks about not being number one, the status of Karlatornet and how they look forward after a turbulent 2018. "You always learn from negative experiences."

The Battle of the Towers: The Nordic Countries are Fighting for the Throne

Nordic — Nordic Property News lists the highest buildings in the Nordic region – soon the leader will be dropped from the top 3.

Danish Clothing Giant Defeats the Swedes – Will Build the Tallest Building in the Nordic Region

Denmark Denmark — Neither Turning Torso nor Karlatornet will be the tallest building in the Nordic countries in the future. The Danes are going to take over the first place. "No one has complained."

NREP Sells Back Karlastaden to Serneke

Sweden Sweden — NREP sells its 50 percent share of the Karlastaden development project in Gothenburg back to Serneke.

Continued Divestment for Magnolia

Sweden Sweden — Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.

Serneke Expands in Gothenburg

Sweden Sweden — Serneke Fastighet purchases a property of 100 hectares by Säve Depå, for an underlying property value of approximately MSEK 100 (EUR 10M).

Hemsö Acquires new Mälardalen University in Eskilstuna

Sweden Sweden — Hemsö is acquiring site leaseholds with associated project commitments to construct the new Mälardalen University in Eskilstuna city centre. The total investment amounts to approximately EUR 83M.

Serneke Intends to List on Nasdaq Stockholm

Sweden Sweden — Serneke Group has announced its intention to launch an initial public offering and list its shares on Nasdaq Stockholm.