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Stockholm.

Nordic expansion on the horizon for Vendus after Nordika's entry

Nordic — Nordika is increasing its focus on grocery properties. This by stepping in as the main owner of Vendus. Gabriel Cronstedt, COO and co-founder of Nordika, tells Nordic Property News about the development of the segment, how Vendus will grow to EUR 500 million within three years, Nordika's influence in the company and about a possible expansion outside of Sweden.
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

The largest sellers in Q3

Nordic — These are the largest sellers among the listed Nordic companies in Q3.
Sirius makes acquisition from Toivo.

Sirius adds 240 apartments to its residential portfolio

Finland Finland — Sirius Capital Partners’ newly established residential vehicle continues its build-up strategy with the acquisition of three newly-built residential buildings comprising 240 apartments. The assets were acquired from Toivo Group Oyj for approximately EUR 35 million.
Vacse acquires the property Supernovan 1 in Huddinge.

Vacse expands in Huddinge

Sweden Sweden — Vacse expands its property portfolio with a property within the Swedish judiciary in Huddinge municipality, South of Stockholm.
Urban Light acquires Kreate Group’s headquarter, which is located on the north side of Helsinki-Vantaa airport.

Urban Light completes sale-and-leaseback transaction for Kreate Group’s HQ

Finland Finland — Urban Light continues to expand its light industrial and logistics portfolio by acquiring two light industrial properties from the rapidly developing Jussla area. The acquired properties are located next to Urban Light’s first acquisition in Högbergintie 4, allowing for versatile development of the area in the future.

The largest buyers in Q3

Nordic — These are the largest buyers among the listed Nordic companies in Q3.
Sverker Källgården, CEO of Nivika.

"We hope to grow further during the winter"

Sweden Sweden — Nivika continues to make acquisitions in the Småland region. After the latest acquisition in Värnamo, CEO Sverker Källgården tells Nordic Property News about the growth journey, the market situation in the region, about the first months as CEO of Nivika and what will be most important for the company in 2025.
NCC sells to Folksam.

Folksam makes major acquisition from NCC

Sweden Sweden — NCC is divesting the Yrket 4 office project in the City of Solna, Sweden, to KPA Tjänstepensionsförsäkring AB, which is part of the Folksam Group. NCC will develop the property into a new head office for the public authority Svenska kraftnät.

Reima Rytsölä has been appointed President and CEO of Kojamo

Finland Finland — The Board of Directors of Kojamo plc has appointed Reima Rytsölä President and CEO of Kojamo plc. He will start in his position latest on 1 June 2025. Erik Hjelt will continue as interim CEO until Reima Rytsölä assumes his role.
The property Ölslanda 10:84 outside Gothenburg.

ABG Fastena acquires in Gothenburg

Sweden Sweden — ABG Fastena acquires a warehouse property in Lerum, Ölslanda 10:84. The rentable area amounts to 3,500 square meters and the property's area measures 7,200 square meters. Ahlsell is a tenant on a long lease. The building will be completed in 2022. The seller is a company jointly owned by Varis Förvaltning and Pelldén Fastighet AB.
Thorsten Slytå.

Blackrock: "We hope to see more activity in the Nordics"

Nordic — Blackrock continues to gear up by appointing Thorsten Slytå to the newly established role of Head of European Real Estate Strategic Partnerships. He tells Nordic Property News about the opportunities that come with strategic partnerships, what role the Nordic markets will play and what he hopes to achieve in his new position.
Kaveh Feliciano, founder of Creiman.

Creiman aims for Finland with new board

Nordic — Creiman, a relatively newly established consultancy in the construction and property industry, has recruited four well-known members to its board. We spoke to the company's founder and CEO, Kaveh Feliciano, who believes that Creiman will now aim to become a leading player in the construction and property industry.
Art-Invest buys Stockholm Quality Outlet.

Art-Invest Real Estate acquires from Patrizia

Sweden Sweden — Art-Invest Real Estate has acquired the properties Säby 3:22, 3:77, and 3:78 in Barkarby, located in the metropolitan area of Stockholm, Sweden, from Patrizia. This marks the first acquisition by Art-Invest Real Estate’s newly established Stockholm branch.
Lars Scheibel and Kristian Krogh.

NCC makes key-appointments

Denmark Denmark — NCC in Denmark makes changes to two key positions. Lars Scheibel becomes Director of Building Denmark and Kristian Krogh takes on the role of Director of Property Development in Denmark
Storebrand buys in Viared.

Storebrand Nordic Real Estate Fund marks its second investment

Sweden Sweden — Storebrand Nordic Real Estate Fund (SNRE) has achieved another milestone with its second strategic acquisition, a high-quality logistics property located in the Viared logistics hub in Borås, Sweden. This latest investment further solidifies Storebrand's Nordic growth ambitions within the core-plus segment.
Sofie Bennsten, soon to be former CFO of Catena.

Catena's CFO steps down: "Time for something new"

Sweden Sweden — Sofie Bennsten has chosen to end her employment as CFO and vice president at Catena. "I've been doing this for 25 years and I'm getting tired of it, quite simply."
Nordic Property News lists the companies with the strongest management results during the third quarter of 2024.

The companies with the highest incomes from property management

Nordic — Nordic Property News has reviewed the listed companies' reports during the third quarter. Which companies end up at the top and which ones fall, in terms of income from property management by Q3? Here is the full list!
The property Oas in Malmö.

Skanska divests Malmö office property to internal portfolio

Sweden Sweden — Skanska Commercial Property Development divests Oas in Malmö for about SEK 380 million (EUR 33 million) to internal portfolio.
Paul Malino.

Paul Malino appointed Head of Technical Property Management at Technopolis

Finland Finland — Technopolis has appointed Paul Malino as the Head of Technical Property Management. Malino started in the position on 2 October 2024.
Kornwestheim.

Logicenters JV makes acquisition in Germany

Nordic — Logicenters and Evolutiq secure strategic commercial property in the Stuttgart metropolitan region.

The companies with the lowest ICRs

Nordic — Nordic Property News took a closer look at the companies' interest coverage ratio to find out how interest-sensitive they are. A third of the companies have an interest coverage ratio that is below the often used target set by many of 2.0. Almost as many are hovering close. Here is the full list.

Winners and losers on the stock market in November

Nordic — After a tough October, the stock market stabilized for the real estate and construction shares dropped significantly in November. Nordic Property News Nordic Property News presents the winners and losers on the stock exchange during October.
Klarabo buys in Helsingborg.

Rikshem sells to Klarabo

Sweden Sweden — Rikshem sells seven properties in Helsingborg to Klarabo. The deal includes 740 apartments with approximately 57,000 square meters of rentable area and is made at an agreed property value of SEK 850 million.
SLP acquires in Hallsberg and Nässjö.

SLP makes sale-and-leaseback transaction with Postnord

Sweden Sweden — SLP acquires two logistics properties with a property value of approximately SEK 470 million (EUR 41 million) from Postnord in a sale-and-leaseback transaction.
Posti moves to Ilmarinen's building.

Posti's head office returns to the historic Postitalo building

Finland Finland — Posti will return to its roots in the heart of Helsinki when the company's head office moves back to the historic Postitalo building in late 2025.