News | Nordic Property News

ARTICLES TAGGED WITH "Stockholm"

Why Oslo Faces Major Residential Challenges

Norway — Selvaag Bolig’s CEO Sverre Molvik: ”There is a big gap between the need and the demand.”

Fabege Proposed New Land Allocation in Hammarby Sjöstad

Sweden — The City of Stockholm has agreed to allocate the leasehold property Korphoppet 6 and adjacent Korphoppet 7 to Fabege.

Twelve Storey Residential Building to Be Finished in 2023

Sweden — SKB's block Lysosomen in Hagastaden (Stockholm) is now growing in height and the 128 cooperative residential units are expected to be ready for occupancy in the spring of 2023.

Balder Makes Plans for a New District in Kungens Kurva

Sweden — Plans are now at an advanced stage for Victoria, a new district, in Kungens kurva in Stockholm. In Victoria, there are plans for approximately 3,500 apartments, restaurants, cafés, a green neighbourhood park, a school and nursery schools as well as care and other local services.

The Future Residential Focus for John Mattson

Sweden — Siv Malmgren, CEO of John Mattson, on the new car free solution in the acquired project north of Stockholm, and her plans for the future, when she steps down as CEO.

“We Have Worked with Our Identity for Quite a Long Time”

Sweden — Thomas Sipos, CEO of Revelop, on the new name of the company, the recently announced Gothenburg and Malmö acquisitions, and why the private equity market is lacking behind during the corona outbreak.

New Target Cost for Skanska's Reconstruction of Slussen in Stockholm

Sweden — Skanska and the Development Office, City of Stockholm, have agreed on a new target cost for remaining and additional work on the reconstruction of Slussen, Stockholm, Sweden. The new target cost generates an order booking of about SEK 1.5 billion, which will be included in the order bookings for Skanska Sweden for the second quarter 2021.

K-Fastigheter Acquires Development Property in Stockholm Area

Sweden — K-Fastigheter has entered an agreement with Kungsleden relating to the acquisition of the property Järfälla Veddesta 2:65. K-Fastigheter plans to build up to 400 rental apartments on the property.

Vectura Sells Grand Hôtel in Central Stockholm

Sweden — Patricia Industries, a part of Investor AB, and its subsidiary Vectura, have agreed to divest Grand Group and the Grand Hôtel property, respectively, to FAM AB. The transaction includes the hotel operations Grand Hôtel, Lydmar Hotel and The Sparrow Hotel, all located in Stockholm, as well as the Grand Hôtel property.

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

Convendum Signs Agreement with Fabege at Stureplan

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 — 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 — 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 — 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 — 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 — 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.