Doxa's CEO: "A Friendly Offer after Close Dialogue"

Sweden Sweden — Doxa's CEO Victor Persson tells Nordic Property News about the work leading up to the company's billion-dollar bid for Serneke, why a takeover attracts so much and Karlatornet's part in Serneke's attractiveness.

Ola Serneke: "We Were a Company That Never Gave Up"

Sweden Sweden — Yesterday it became clear that Doxa has submitted a takeover offer for Serneke Group. Ola Serneke, founder of Serneke, says to Nordic Property News that he is positive to the offer that means that company can get a broad and stable owner base. Now Jan C Johansson, Serneke group's chairman, also comments on the potential takeover "We didn't contact Doxa".

Doxa Makes Public Offer for Serneke

Sweden Sweden — Doxa has made an offer for all the series B shares in Serneke. The board of directors of Serneke unanimously recommends the shareholders of Serneke to accept the public offer made by Doxa.

K-Fastigheter Buys Building Right from Serneke

Sweden Sweden — K-Fastigheter has acquired a building right for approximately 110 rental apartments in Ale municipality. The acquisition is made from a company within the Serneke Group and regards all the shares in the company that owns the property Ale Utby 3:113. A legally binding zoning plan is in place.

Serneke's CEO Doesn't Rule Out More Cut Backs: "Won't Hesitate..."

Sweden Sweden — During last weeks presentation of the year end results, Serneke's CEO Michael Berglin gave a passionate and decisive account of the company's situation after a challenging and turbulent 2022. He is disappointed with the result but at the same time determined to turn the trend around for the company and does not rule out that there may be more cut backs in the future. He also tells Nordic Property News that the company has outstanding claims for building rights in the major Gothenburg project Karlastaden that were sold in 2022.

Here Is the New Ownership Picture in Serneke

Sweden Sweden — With the conversion of A shares to B shares, the strength among the shareholders has changed at the top.

Conversion of All Series A Shares to Series B Shares in Serneke

Sweden Sweden — Serneke Group AB has received a request from the series A shareholders to convert all shares of series A in Serneke to series B shares, in accordance with the conversion clause in Serneke's articles of association.

Karlatornet Is Now the Tallest Building in Scandinavia

Sweden Sweden — After reaching 193 meters, Balder and Serneke's Karlatornet in Gothenburg, which is still under construction, is now the tallest building in Scandinavia.

He Will Lead the Development of Karlastaden

Sweden Sweden — Daniel Massot becomes the new project and development director for Karlastaden.

Capman Acquires from Serneke

Sweden Sweden — CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro.

Serneke Signs Agreement with Ica Fastigheter

Sweden Sweden — Serneke and Ica Fastigheter have signed a turnkey agreement for the new production of an entirely new urban block, covering slightly more than 22,000 sqm in Brunnshög in Lund. The order is valued at SEK 548 million.

Balder and Serneke Construct the Aries Block in Karlastaden

Sweden Sweden — Fastighets AB Balder and Serneke are establishing another joint venture development company to continue the collaboration in Karlastaden, Gothenburg. This time, the joint venture companies will develop the Aries block in Karlastaden involving approximately 190 apartments.

Serneke Sells Uppsala Project

Sweden Sweden — Serneke has sold the housing project Florist in Rosendal, Uppsala, to Lansa Fastigheter. The agreement also includes a turnkey contract to build 202 apartments that will be leased as rental apartments. The real estate transaction and the contract have a total value of MSEK 462.

Ready to Sell New Building Rights in the Hot Development Area

Sweden Sweden — Serneke open to new partnerships for the Karlastaden building rights.

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.