Why the Nordics Outperformed the Rest of Europe in 2020

Nordic — Long-term economic growth in the Nordics is forecast to comfortably exceed the European average. The region's major cities are expected to outperform, supported by population growth and urbanisation. This is concluded in DWS’ latest Nordic real estate strategic outlook. Simon Wallace, Head of Research, tells Nordic Property News on the bright property future in the Nordics, which cities that stands out in the outlook, and the future yield development in the capitals.

NREP Acquires Rental Apartments in Stockholm

Sweden Sweden — Skanska has divested 220 rental apartments in Stockholm to NREP for about SEK 720 million. The multi-family project, which is under construction, includes a garage and commercial premises on the ground floor.

Into the European Top Ten: Why Swedish Logistics Attracts More Global Investors

Sweden Sweden — Prologis will this week publish a report of the global rental development for logistics premises in 2020. Eva van der Pluijm-Kok, Director Research & Strategy at Prologis, tells exclusively on the European performance in the sector, why Sweden remains resilient in a challenging environment, and the European demand for investors in the logistics segment.

Veidekke to Build First BaseCamp Student Housing in Sweden

Sweden Sweden — Veidekke has been commissioned by BaseCamp Student Real Estate to build 589 student apartments in Västra Hamnen, Malmö. The design and build contract has a value of approx. SEK 448 million and is scheduled to be completed in Q1 2023.

Peab Builds Student Housing in Stockholm

Sweden Sweden — Peab has been commissioned to build 182 student apartments in Lappskärsberget close to the University of Stockholm. The customer is Stockholms Studentbostäder and the contract is worth SEK 225 million.

Veidekke to Renovate Vasa Real in Stockholm

Sweden Sweden — Veidekke’s subsidiary Arcona has been commissioned to renovate the Vasa Real school for SISAB – The Stockholm School Properties Company. The contract amount is SEK 255 million.

Citycon to Create a New Urban Area at Liljeholmen

Sweden Sweden — Citycon plans to develop residentials and offices at Liljeholmen by covering the track area at Liljeholmstorget. Under the name RE: Liljeholmen, an attractive living environment will be created with 120 new apartments, 3,000 workplaces and a glazed plaza with space for activities, cultural events and experiences.

Mitsubishi Estate: Why Stockholm Is Attractive for Investors

Sweden Sweden — Yuichiro Shioda, Managing Director and CEO of Mitsubishi Estate London, tells Nordic Property News about the Stockholm CBD acquisition, and the Nordic growth targets.

Here Are the Japanese Plans for the Acquired Property

Sweden Sweden — Björn Hallin, Partner at NCAP: “We will create a completely new, attractive, office space.”

Convendum Signs Agreement with Fabege at Stureplan

Sweden Sweden — One of Stockholm’s absolutely most prominent streets in combination with a building which has a 100-year history and qualities, made Convendum choose the location for the company’s next grandiose co-working space. Kungsgatan 9 with its almost 7,600 sqm will host everything from an open café in a street environment, to lounges, conference rooms, business service centres and separate areas for smaller companies.

Wallenstam Signs LOI Regarding Östermalmshallen

Sweden Sweden — Wallenstam has signed a letter of intent with the City of Stockholm regarding the building, which has been used for the evacuation of Östermalmshallen. The building, which is located at Östermalmstorg, opened in 2016 when the regular market hall was to be renovated, and it closed for good on February 15, 2020.

Capman Acquires Three Office and Mixed-Use Buildings in Stockholm

Sweden Sweden — Capman Nordic Real Estate III Fund has agreed to acquire a portfolio of three office and mixed-use buildings in Västberga, south of central Stockholm from Wäsö Fastigheter.

Selvaag Bolig Buys Land for 420 Homes in Oslo and Stockholm

Nordic — Selvaag Bolig has acquired three sites in Oslo and Stockholm which can collectively accommodate about 420 homes. The first of these could be ready for sale in 2021-22.

Magnolia Bostad Sells 346 Residential Units to Heimstaden

Sweden Sweden — Magnolia Bostad is selling 346 residential units in Handen, Haninge Municipality to Heimstaden Bostad. The estimated property value upon completion will be around SEK 850 million.

Capman Purchases Vacant Office Building from Fabege

Sweden Sweden — CapMan Nordic Real Estate III Fund has agreed to acquire Sadelplatsen 1, a vacant office building in Järva Krog, Solna, from Fabege in an off-market transaction.

SSM Will Buy Back Projects from JV Partner

Sweden Sweden — SSM will buy back the Järla Station and Metronomen joint venture projects from Partners Group. The transaction will be carried out during Q2 2021 at the latest and is expected to have a -23.4 MSEK impact on SSM’s cash flow.

100,000 Square Meters to Be Transformed in Stockholm

Sweden Sweden — City of Stockholm wants to transform a large area of forest in the Söderort area and, among other things, add hundreds of homes to the area.

Genova’s CEO: “Difficult to Run the Business in a Normal Way”

Sweden Sweden — Michael Moschewitz, CEO of the recent listed company Genova, tells Nordic Property News on the first intense months since the IPO, why they have been lucky during the corona crisis, and the recent swap deal in Stockholm.

Fabege to Develop 20,000 Square Meters Office Space in Central Location

Sweden Sweden — The Swedish property giant to expand in Arenastaden in Solna, just outside Stockholm.

Scandic to Take Over Hotel at Stockholm Arlanda Airport

Sweden Sweden — Scandic has signed an agreement to take over the operation of a 150-room hotel at Arlandastad in close proximity to Stockholm Arlanda Airport and with direct access to the new international meeting and event center, Scandinavian XPO.

Nyfosa Acquires Properties for SEK 2.5 Billion

Sweden Sweden — Nyfosa has acquired all properties and projects in Estea AB’s wholly owned subsidiary and investment fund Estea Sverigefastigheter 3 AB at a value of approximately SEK 2.5 billion. Approximately 60 percent of the portfolio is located in the Stockholm region.

“We Are Constantly Looking at New Investment Opportunities”

Nordic — Kristin Willerström, Regional Director, Nordics at Pembroke, tells Nordic Property News about possible expansion plans in the Nordic region, her view on the future office market, whether they will enter Copenhagen, and actions towards the tenants – during the pandemic.

Benefits of Making SSM and Amasten into One Company

Sweden Sweden — Amasten’s CEO Jan-Erik Höjvall tells Nordic Property News about the public offer to the shareholders in SSM Holding, the future plans of the major residential company, and how Amasten as a company will change after this deal.

Cushman & Wakefield: Sustainability Adding Value to Office Properties

Sweden Sweden — Cushman & Wakefield launches the office report Office Snapshot Sweden Q3 with the theme of sustainability as a value-adding factor. New circumstances for office work are created following the advance of the pandemic, where both cyclical economic and structural behavioral changes affect the demand for office space worldwide and to some extent also in Sweden.

Still a Great Need for Residential in Norway

Norway Norway — Selvaag Bolig’s CEO Rolf Thorsen tells Nordic Property News about the Norwegian residential market: “The sales were better than expected in Q3.”