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ARTICLES TAGGED WITH "Serneke"

Serneke Sweden's last contract: "We thought they would make it"

Sweden — A few days before Christmas Eve, Serneke Sweden's last contract was signed. A turnkey contract that would ensure that a new warehouse building would be built for the City of Gothenburg's cultural administration. The order was worth approximately EUR 283 million. But the fact that Serneke Sweden was heading for bankruptcy was not suspected by the municipal real estate company Higab, the other party to the contract.

The new owner comments on Serneke's bankruptcy: "We are sorry"

Sweden — The problems were bigger than first thought. That is the reason given now that the owner, barely a month ago, Mutares is filing for bankruptcy for Serneke Sweden. Miikka Suominen, who is both acting CEO and Chairman of the Board, says that the company's financial situation had deteriorated significantly in the previous months, which is now leading the way towards bankruptcy for Ola Serneke's life's work.

Serneke Sweden files for bankruptcy

Sweden — Serneke Sverige AB files for bankruptcy at the Gothenburg District Court.

Exclusive interview with Ola Serneke: "The competitors sharpen their pencils"

Sweden — Ola Serneke describes himself as equal parts economist, engineer and entrepreneur. Now he can also call himself an author. In the book Högt över molnen, ‘High above the clouds’ he shares lessons learned, success and setbacks during the years he has been active in the industry. The hope he has with the book is that it will inspire and perhaps especially the younger generation who are entering the industry. The tips are aimed at those who aim high and who will thus be able to absorb his journey and the parts of his personality that have made the big dreams come true.

Mikael Hultqvist appointed new SVP Property Management at Pandox

Sweden — Mikael Hultqvist is leaving his position as CEO of Serneke Sweden to become SVP Property Management with overall responsibility for property management and property development at Pandox. He will be part of Pandox's group management and will begin his employment no later than June 2025. In connection with Mikael Hultqvist leaving Serneke, Miikka Suominen from the new owner company Mutares will take over as acting CEO.

Doxa's CEO steps down: "Challenging times"

Sweden — In just four days, board member Ola Serneke and CEO Victor Persson have decided to leave Doxa. To Nordic Property News board chairman Greg Dingizian and Victor Persson explains what is behind the decisions.

German investor acquires Serneke Sverige from Doxa's Serneke Group

Sweden — Mutares has signed an agreement to acquire Serneke Sverige from Serneke Group.

In pictures: Serneke's new vision for Cirkustomten

Sweden — Third time's the charm for Serneke who, in collaboration with Semrén & Månsson and Mareld arkitekter, has now produced a new proposal for the design of the much-talked-about Cirkustomten in central Gothenburg. See the illustrations and read more about the project that Serneke has been working on since 2016 when the land was first granted to the company.

How Doxa will work to realise the values in Serneke

Sweden — Doxa's CEO Victor Persson is dissatisfied with the company's negative results during the first quarter and the write-downs in Serneke that they are forced to make, but he takes note of the positive sale of the building rights in Karlastaden and he believes that the transaction market is very close to a turnaround. Here he tells more about this in an interview with Nordic Property News.

Doxa writes down the value of Serneke

Sweden — Doxa announces that the company will report a lower full-year result compared to what was previously communicated in the company's year-end communiqué for 2023.

Karlastaden deal completed

Sweden — Balder and Serneke have completed the sale of building rights in Karlastaden, Gothenburg, to Förvaltnings AB Framtiden.

Balder in transaction with Serneke

Sweden — Balder buys a hotel building in Karlatornet and sells building rights in Barkarby to Serneke.

Framtiden's CEO on the major acquisition in Karlastaden: "Careful agreement"

Sweden — On Monday, a dialogue lasting several months between public municipally owned AB Framtiden and Doxa, Balder and Serneke resulted in an agreement on a transaction in Karlastaden in Gothenburg. The deal is in the SEK 1 billion range (approximately EUR 86 million) and for Framtiden it means the opportunity to build between 300 and 400 homes. CEO Terje Johansson reveals more about their reasoning behind seeking out the troika in Karlastaden. He also comments on the turmoil in the municipally owned company Poseidon at the beginning of the year.

Ola Serneke's unexpected new dream project: "Really big"

Sweden — Heart and brain, these are two qualities that have been driving forces for Ola Serneke in the big investment he made in growing Serneke into the company it is today. Now that it is getting close to the year after the Doxa deal, he talks about what plans and dreams he has going forward.

Serneke and Balder sell 151,000 sqm of building rights in Karlastaden to Framtiden

Sweden — Serneke and Balder sell approximately 151,000 square meters of building rights in Karlastaden to Gothenburg's public property group AB Framtiden. The deal consists partly of two blocks that are transferred to 100 percent, and partly of four blocks that are transferred to 74 percent, with Serneke and Balder as continuing co-owners of 26 percent. The purchase price amounts to approximately SEK 1 billion and also includes a unilateral option to buy back the building rights in the four part-owned blocks no later than September 2027. The deal is expected to have a neutral profit effect for Doxa.

Serneke sells non-strategic holdings – to Ola Serneke

Sweden — Serneke sells its holding in the sports complex Prioritet Serneke Arena in Gothenburg and the auto retailer 7H Bil AB in Kinna to a company owned by Ola Serneke. Sales are part of restructuring and refining Serneke.

Doxa to lay off 25 Serneke employees

Sweden — The forms for Doxa's planned division of Serneke into two separate companies, one for contracting and one for property development, have now been decided, the company announces. With this, Serneke Group AB's group functions cease, which affects a total of approximately 75 employees, of which approximately 25 positions will disappear through notice of termination due to a lack of work, the company writes in a press release.

This is how Doxa will increase the value of Serneke

Sweden — CEO Victor Persson talks about why the valuation of Serneke went up over 200 million after the acquisition, the strengths of Karlatornet and how Doxa will realize maximum value in the previously listed company.

After Karlatornet – here is Serneke's next skyskraper project

Sweden — The 141 meter high building will be Lund's tallest building when the project for Torgkvarteren in Brunnshög is completed. Now the building plan, which contains approximately 55,000 square meters of buildings in two blocks, is close to getting the green light.

Serneke concentrates the business – closes local offices up North

Sweden — Serneke Sweden is implementing changes in its contracting operations which will result in the Middle and North regions ceasing to be part of the company's regional structure.

Milestone reached for Karlatornet – long interview with Ola Serneke and Erik Selin

Sweden — The time has come for the first people to move into Karlatornet, the Gothenburg skyskraper that is the tallest building in the Nordics. For some, the wait has been long – especially for Ola Serneke. Nordic Property News was present when a tour of the entrance and the viewing apartment on the 25th floor was given. Balder's CEO Erik Selin was also in the apartment, who, like Ola Serneke, gave his view on the situation going forward.

Michael Berglin leaves Serneke

Sweden — After eleven years at Serneke, Michael Berglin has now left the company and his role as CEO. For Nordic Property News, he comments on the decision.

K-Fastigheter acquires building right from Serneke

Sweden — K-Fastigheter has acquired yet another building right in Gothenburg. The building right is for approximately 124 rental apartments. The acquisition is made from a company within the Serneke Group.

Doxa calls for compulsory redemption – Serneke applies for delisting

Sweden — Doxa, which after completion of the public takeover bid holds more than 90 per cent (excluding the shares owned by the company itself), of the shares and votes in Serneke Group has called for compulsory redemption of the remaining shares in Serneke.

Ola Serneke after the takeover: "There has been plenty of questions about Doxa"

Sweden — This Monday, the bid was completed which has now meant that Doxa has taken over more than 90 percent of Serneke Group. Ola Serneke, founder and previous CEO, says to Nordic Property News that it will be fun to enter a new and larger context.