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Daniel Kjørberg Siraj, CEO of Obos.

Obos: "Housing development is performing significantly worse than last year”

Nordic — Obos reported a profit before tax of approximately EUR 77.25 million in the second quarter of 2024, compared to EUR 106.91 million in the same period last year. The result for the first half of the year landed at EUR 74.46 million, compared to EUR 140.14 million last year.
TOP 4 Nordic
Joakim Arvius, CEO Colliers Sweden.
Nordic Nordic —
Nordic rebound in 2024 as deal volume increased by 25 percent
Torben Bjørk Nielsen from Hoffmann A/S and Signe Primdal Lyndrup from the Norwegian Building Authority have signed a four-year strategic framework agreement.
Nordic Nordic —
Veidekke in agreement on strategic cooperation with the Danish Building Agency
Nils Styf, CEO of Hemsö.
Nordic Nordic —
"Hemsö have a strong investment pipeline"
The property acquired in France.
Nordic Nordic —
Areim’s and VGP’s joint venture closes its second acquisition in Europe
Erik Selin, CEO of Balder.

Balder's management results down in Q2

Nordic — Property company Balder's rental income amounted to EUR 275 million in the second quarter of 2024. The average in Infront's compilation of nine analysts' estimates was EUR 274 million.
Rutger Arnhult, CEO of Corem.

Arnhult: "Corem still have properties worth a few billions for sale"

Sweden Sweden — Rutger Arnhult states that the challenges that Corem had a year ago have now been significantly mitigated and with more rate cuts on the way, he sees a brighter future for both Corem and the sector as a whole. During the company's report presentation on Friday, he highlighted the improved figures during Q2, how the average interest rate for the company has now reached its peak and why there is less pressure to sell as many properties as last year.
Visualization of Paulshöfe.

Bonava sells housing project

Nordic — Bonava is selling a project of 89 rental apartments in Düsseldorf, Germany.
Lager 157 expands in Denmark.

Prisma Properties builds Swedish fashion store in Denmark

Denmark Denmark — Prisma Properties has signed a 10-year lease with Lager 157 for a new store in Hjörring, Denmark.
Oscar Properties.

Oscar Properties' CEO cannot rule out more liquidated subsidiaries

Sweden Sweden — Oscar Properties CEO Richard Bagge cannot rule out that more subsidiaries may be liquidated during the company's process of trying to sell their remaining properties. For Nordic Property News he also further explains his view of what may happen to the company when the properties are gone and it may have to be reshaped.
Ylva Sarby Westman, CEO of Neobo.

Ylva Sarby Westman after Neobo's report: "Sweden needs more housing"

Sweden Sweden — During Wednesday, Neobo presented its result after the first half of 2024. Net income increased to SEK 229 million, which is an increase of 3.4 percent, while the management result decreased from SEK 75 to 68 million. "The company's operations continue to develop positively", says Neobo's CEO, Ylva Sarby Westman.
NCC will refurbish Dommerparken in Copenhagen.

NCC to refurbish Dommerparken in Copenhagen

Denmark Denmark — NCC, as part of the fsbHJEM partnership, has been contracted by fsb to refurbish 259 rental units in the Dommerparken area of Copenhagen. The order value is approximately SEK 285 million.
Sonja Horn, CEO of Entra.

Entra reduces its management result

Norway Norway — Entra, with Balder and Castellum as the largest owners, reported rental income of NOK 853 million in the second quarter (854), slightly higher than expected NOK 834 million.
Today, July 12, the naming rights agreement between Strawberry and Stockholm Live regarding the national arena in Solna enters into force and the arena changes its name to Strawberry Arena.

Strawberry Arena sees the light of day

Sweden Sweden — Today, July 12, the naming rights agreement between Strawberry and Stockholm Live regarding the national arena in Solna enters into force and the arena changes its name to Strawberry Arena. Fabege is a co-owner of the arena and Petter Stordalens hotel chain Strawberry is the company that bought the naming rights to the arena.
Erik Selin, CEO of Balder.

Selin: "In some places nothing may be built for ten years"

Sweden Sweden — Balder's CEO Erik Selin gave an overview of the company when he participated in the Capital Markets Days held on Tuesday and Wednesday in Båstad. The real estate veteran is clear that it's calm waters for the real estate giant at the moment with few projects, and he has also not seen many cheap objects on the market that are tempting to buy.
Per Nilsson, CEO of John Mattson.

John Mattson enters partnership with Stockholm Exergi

Sweden Sweden — John Mattson and the energy company Stockholm Exergi have entered an agreement aimed at securing the long-term supply of district heating to John Mattson’s property portfolio and with the shared objective of reaching net zero for district heating production for the Stockholm region.
Eric Bergström, CEO of Regio.

Regio signs lease agreement with Scandinova

Sweden Sweden — Scandinova has signed a new lease agreement with Regio for approximately 1,700 square meters in an adjacent property in Fyrislund, Uppsala. The expansion, which increases the company's total floor space by over 40 percent, is a direct response to the rising demand for Scandinova’s products.
Skanska invests PLN 120M, about SEK 320M, in the second phase of a residential complex in Warsaw.

Skanska invests in Polish residential project

Sweden Sweden — Skanska invests PLN 120M, about SEK 320M, in phase 2 of the residential project NU Warszawa Wola, in Warsaw, Poland. This phase includes two buildings with a total of 136 apartments and 7 commercial units.
Christian Bratt, Head of Residential and Partner, Slättö.

Why student housing is of investment interest for Slättö

Nordic — Christian Bratt, Partner and Head of Residential, Slättö, on the major deal with K2A, and the strategy for the new value add fund. "An extensive Nordic investment mandate."
The Norwegian oil fund has passed 18.000 billion NOK in value.

Norwegian oil fund passes NOK 18,000 billion in value - this is its real estate holdings

Norway Norway — The Norwegian oil fund breaks records and now has a value of over NOK 18,000 billion, this after closing 2023 with a value of NOK 15,765 billion. Nordic Property News has taken a look at the fund's holdings in Nordic listed real estate companies and here you can read how the ownership looks after half of 2024. Among other things, the fund has entered into several large Swedish construction companies since the turn of the year.
Johanna Skogestig, CEO of Vasakronan.

Vasakronan's CEO on the challenging rental market

Sweden Sweden — Johanna Skogestig, CEO of Vasakronan, tells Nordic Property News about the first six months for the Nordics’ largest property company, and the main focus, going forward.
Slättö and K2A in a JV.

Slättö in JV with K2A – acquires a student accommodation portfolio

Sweden Sweden — A fund managed by Slättö has agreed to acquire a 40 percent stake in a high-quality student accommodation portfolio with assets strategically located across Sweden's university cities.
The new station building in Gothenburg.

Peab to build Gothenburg's new station building

Sweden Sweden — Peab has been commissioned to build Gothenburg's new station building which will be the largest of three entrances for the West Link station Centralen. The customer is Jernhusen and the contract is worth SEK 870 million.
Jyväskylä.

Ovaro divests shopping centre property in Jyväskylä

Finland Finland — Listed property company Ovaro has sold the shopping centre Forum in the Jyväskylä city centre area in two separate transactions.
Ulrika Hallengren, CEO of Wihlborgs.

Wihlborgs: "No reason for us to go wild"

Nordic — Wihlborgs leaves behind a relatively positive quarter and has already had a good start to the next one. With that behind her, CEO Ulrika Hallengren feels safer for the future, there will be no drama. But the focus going forward is still to develop the own properties and projects. Growth through acquisition is not the main option, she says when presenting the second quarter report for 2024.
Hans Wallenstam, CEO of Wallenstam.

Hans Wallenstam: "The worst is behind us now"

Sweden Sweden — All the key figures in Wallenstam's Q2 point in the right direction according to Hans Wallenstam, who sees a turning point for the industry and the market as a whole. The Wallenstam CEO sees progressively better times ahead, where he hopes that the company will be able to start even more projects and be able to build more homes for the roughly 235,000 people who are in Wallenstam's housing queue.
Stina Lindh Hök, CEO of Nyfosa.

Nyfosa acquires the remaining 50 percent of the shares in its Norwegian JV Samfosa

Norway Norway — Nyfosa has signed an agreement to acquire the remaining 50 percent of the shares in Samfosa AS from its joint venture partner Ringmuren AS (parent company of Samfunnsbyggeren AS). Samfosa AS will subsequently become a wholly-owned subsidiary of Nyfosa. Closing is scheldued to take place in September, 2024.
Sirius acquires residential.

Sirius acquires residential portfolio

Finland Finland — Sirius Capital Partners’ newly established residential vehicle continues its build-up strategy with the acquisition of two prime residential buildings located in Helsinki. The portfolio was acquired from OP-Rental Yield.
Nrep buys in Stockholm.

Nrep acquires 524-unit Stockholm residential portfolio from Magnolia Bostad

Sweden Sweden — Real estate investor Nrep has expanded its residential portfolio with the acquisition of two apartment complexes from Magnolia Bostad. Collectively, the two sites provide 524 homes for rent and are located in the Ångloket neighbourhood in Knivsta and part of phase two of the Brogårdsstaden district in Upplands-Bro, both with sustainable rental levels and a high environmental profile. The acquisition is made through the Nrep Income+ fund. The fund completed a third closing last year with just over SEK 3.1 billion in capital raised.