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ARTICLES TAGGED WITH "Sveafastigheter"

Sveafastigheter drops slightly on the first day of trading

Sweden — Trading in Sveafastigeter's shares began on Friday morning. A few hours after the stock market opened, the share had fallen slightly downwards and was traded at SEK 38.85, a decrease of approximately 1.6 percent.

No dividend in the near future for Sveafastigheter's shareholders

Sweden — The property company Sveafastigheter is to be listed on First North on Friday 18 October, following a sell-off by SBB, which is selling 44 percent of the shares. But the dividend may be delayed.

Price range set for Sveafastigheter's IPO

Sweden — The price range per share for Sveafastigheter listing on First North is clear. The price range lands at SEK 39.5–45.5 (EUR 3.41–3.92) per share, which corresponds to a valuation of SEK 7.9–9.1 billion (EUR 681–785 million).

"We believe in strong real rent development in the coming years"

Sweden — SBB-owned Sveafastigheter is heading for the stock exchanging and will thereby become the largest listed Swedish residential. Sveafastigheter’s CEO Erik Hävermark tells Nordic Property News what they are looking to achieve through the listing, about the stock market climate and the timing of listing, the growth plans for the company and why Sveafastigheter won’t be distributed to the shareholders of SBB.

Sveafastigheter intends to list on Nasdaq First North Premier Growth Market

Sweden — SBB's subsidiary Sveafastigheter intends to be listed on the Nasdaq First North Premier Growth Market. Sveafastigheter also aims to change listing venue to the Nasdaq Stockholm Main Market within 18 months

Amanda Tevell wins the Young Swedish Woman in Real Estate Award

Sweden — Amanda Tevell, CEO of Hifab Advisory and Deputy CEO of Hifab Group, has won the prestigious award Årets Unga Fastighetskvinna 2024 (Young Swedish Woman in Real Estate of the Year). She brought home the win in fierce competition with finalists Matilda Olsson, CFO of SLP, and Lovisa Sörensson, Head of Transactions at Sveafastigheter.

SBB's game plan when the tide turns

Nordic — The liquidity is at stake and the focus of everything SBB has done and continues to do. At the presentation of the second quarter's results, it was clear which path the company has set out and how they continue forward. And it seems that a rerun is the main option.

Sveafastigheter appoints Erik Hävermark as CEO

Sweden — The board of Sveafastigheter has appointed Erik Hävermark as CEO of Sveafastigheter. He assumes the role of CEO immediately with a continued focus on executing the plan for ownership diversification of Sveafastigheter in 2024. At the same time, previously appointed Martina Lous-Christesen also assumes the role of CFO.

Viktor Mandel leaves Sveafastigheter

Sweden — When SBB announced on Monday that it is collecting housing assets worth 29 billion in Sveafastigheter before ownership dispersion, Erik Hävermark was listed as acting CEO of the company. Now the former CEO Viktor Mandel confirms that he is leaving Sveafastigheter completely. For Nordic Property News, he talks about the decision and about the CEO chair he instead continues in.

This is how the streamlining continues for SBB after Sveafastigheter

Sweden — SBB's CEO Leiv Synnes tells Nordic Property News that a listing of Sveafastigheter is one of the possible paths with the ownership dispersion that was recently announced. SBB also intends to go below 50 percent ownership in the soon-to-be-independent company. Here he tells more about how the streamlining of SBB will continue in the future.

The Three Paths' that SSB can Choose for Sveafastigheter

Sweden — At the end of February, SBB announced that it was investigating the possibility of listing the subsidiary Sveafastigheter - during last Friday's presentation of the Q1 report Ilija Batljan announced that there are two further choices the company can take regarding Sveafastigheter's future. SBB's CEO also comments on the continued sales ambition for 2023.

SBB Valuates Conditions for a Listing of the Subsidiary Sveafastigheter

Sweden — The Board of Directors in SBB have decided to evaluate the conditions for a listing of the subsidiary Sveafastigheter. Sveafastigheter will prior to the listing own residential real estate through direct ownership, joint ventures as well as listed shares for a total value of approximately SEK 15 billion.

SBB and Kåpan Pensioner Form JV

Sweden — SBB and Kåpan Pensioner form JV and invest in Hemvist to increase housing construction and continue to work for sustainable housing development.

Brunswick Divests Grocery Store Portfolio

Sweden — Brunswick Real Estate, on behalf of Sveafastigheter Fersen II AB, has divested a 50-property portfolio to the listed property company Tre Kronor. Total gross asset value amounts to MSEK 903 (EUR 87M).

Regio Acquires 18,000 sqm in Västerås

Sweden — Regio, owned by Sveafastigheter and AP3, acquires Sigmahuset in Västerås.

Sveafastigheter Divests the Linnaeus University in Kalmar

Sweden — Sveafastigheter divests the Linnaeus University project in Kalmar County to a new company, created by Pareto Securities.

Swedish fund Ranked in World Top

Sweden — Swedish Sveafastigheter, has been ranked as the Most Consistent Performing Opportunistic Closed-End Private Real Estate Fund Manager on a shared first position out of 34 firms and 184 funds fulfilling the selection criteria. The list was compiled by Preqin in the 2016 Global Real Estate Report – the most comprehensive global review of the real estate industry.

Regio Acquires Baronen Retail Centre in Kalmar

Sweden — Sveafastigheter’s and the Third National Swedish Pension Fund’s (”AP3”) common property company Fastighets AB Regio has acquired Baronen Retail Centre in Kalmar from CBRE Global Investors. Handover was completed on 6 April 2016. Thus, Regio has completed acquisitions for a property value totalling SEK 2.7 billion (€260 M) since September 2015.

Savills IM Divests in Northern Sweden

Sweden — Sveafastigheter’s and the Third National Swedish Pension Fund’s common property company Regio has acquired five properties within Solbacken retail district in Skellefteå, Sweden. The seller is Savills Investment Management.

Sveafastigheter Sells for €450 M in Sweden and Finland

Sweden — Sveafastigheter sells a property portfolio, embracing the main part of the remaining assets in Sveafastigheter Fund III. The property value of the portfolio amounts to EUR 450 million. The portfolio acquires by Partners Group, via a secondary transaction on behalf of its clients.

Niam Purchases 461 Apartments in Aalborg

Denmark — Swedish Niam has purchased 461 apartments in Aalborg through two separate deals.

Partners Group Acquires Large Property Portfolio From Sveafastigheter

Sweden — Sveafastigheter has sold a large property portfolio out of Sveafastigheter Fund II, with a value of approximately MSEK 3.2 billion (€340M). The portfolio was acquired by Partners Group, a global private markets investment manager headquartered in Switzerland, via a secondary transaction on behalf of its clients.

Sveafastigheter and AP3 Establish New Property Company

Sweden — Sveafastigheter and the Third National Swedish Pension Fund (”AP3”) enters into a cooperation and establish a new property company with focus on office and retail properties in growing regional cities in Sweden.

Sveafastigheter Sells an Office Building in Helsinki to Deka

Finland — Swedish property fund manager Sveafastigheter and its partner HGR Property Partners have sold an office building in Vallila in Helsinki, Finland. The buyer is a special fund managed by German Deka Immobilien. The purchase price is € 43.4 M.

Bouwfonds acquires 70 condominiums in Copenhagen

Denmark — Sveafastigheter Fund III, in cooperation with local asset management partner North Property Asset Management, has divested 70 condominiums in Copenhagen to Bouwfonds Investment Management.