Svenska Handelsfastigheter writes down property value by 6.4 percent

Sweden Sweden — Svenska Handelsfastigheter writes down property values by SEK 1.0 billion (approximately EUR 91.1 million), corresponding to approximately 6.4 percent of the total property value, during the third quarter. After the write-down, the total property value amounts to SEK 14.8 billion (approximately EUR 1.35 billion). This is clear after the company had the entire property portfolio externally valued by two independent valuation firms as of September 30, 2023.

How Svenska Handelsfastigheter Plans to Grow with the New Capital Injection

Sweden Sweden — A continued tough market but great opportunities for those who want to make acquisitions. Incoming CEO Thomas Holm tells Nordic Property News about what the new addition of capital can bring to the company and about stepping into the CEO role.

Svenska Handelsfastigheter's CEO Resigns

Sweden Sweden — Svenska Handelsfastigheter enters the next phase of its journey. To make this possible, a total of SEK 1 billion is added to the company through capital commitments contributed by current owners Fjärde AP-fonden and Kåpan Pensioner. In connection with this, it is proposed that deputy CEO Thomas Holm be appointed as the new CEO to succeed Lennart Sten.

"We Are Still Looking for the E-commerce Threat"

Sweden Sweden — Svenska Handelsfastigheter's Vice President Thomas Holm tells about the acquisition in Uppsala and why the company is investing in retail properties when many others stay away.

Lennart Sten Behind Large Retail Property Venture

Sweden Sweden — A new Swedish real estate company, founded by amongst others Lennart Sten, former Europe Manager at GE Capital Real Estate, purchases 44 retail properties from Areim.