Max Barclay, head of advisory operations at Newsec.

Max Barclay: "Not sure that Sweden is so far ahead"

Sweden Sweden — Max Barclay, with the titles deputy CEO and head of advisory operations at Newsec, predicts how the winds are blowing and scouts how 2024 will develop, which segment is the hottest right now and how advisors can take advantage of the development of artificial intelligence, AI.
TOP 4 Nordic
Upon closing of the sale of DEAS A/S, Rikke Lykke will step down as CEO of DEAS A/S and continue as CEO of DEAS Asset Management A/S.
Nordic Nordic —
DEAS Group divests its Danish Property Management activities
Jesper Göransson, CEO of Peab.
Nordic Nordic —
Peab's CEO: "Continuously weak housing market – but think the bottom has been reached"
Tomas Carlsson, CEO of NCC.
Nordic Nordic —
Tomas Carlsson: "We are not immune to the current situation"
Per Holm.
Nordic Nordic —
Nordika strengthens its investment team

Swedish municipality-owned company looks to divest its entire residential stock

Sweden Sweden — The entire remaining stock of municipal Lessebohus in Småland's Lessebo is on its way out for sale. Chairman of the board Gunilla Arvidsson tells Nordic Property News about the decision to sell, what she wants to see for potential buyers, what advisory services will be needed for a sale and the future of Lessebohus if the sale goes through.
Sthlm HUB.

Vasakronan makes acquisition in central Stockholm from Union Investment

Sweden Sweden — Vasakronan buys the block Uggleborg 14, Sthlm HUB, from Union Investment. The purchase price is based on an underlying property value of SEK 715 million.
Jakob Fyrberg, CEO of Emilshus, and Rutger Arnhult, CEO of Corem.

Emilshus buys portfolio from Corem

Sweden Sweden — Corem divests 19 properties in Jönköping, Huddinge and Linköping for SEK 768 million to Emilshus.
Catena acquires in Helsingborg.

Catena acquires logistics property in Helsingborg

Sweden Sweden — Catena has signed an agreement with DSV Road Holding A/S to acquire a property in Helsingborg via a corporate transaction at an underlying property value of SEK 398 million before deduction of deferred taxes.
Toke Clausen, Head of Office at Nrep.

Nrep's conclusion for the office market: "Higher occupier demand in Copenhagen"

Nordic — The market situation, transaction prospects and the difference in the office segment across the Nordics were some of the things Nordic Property News reporter talked to Toke Clausen, Nrep's Head of Office, about during Mipim. He explain, among other things, why they are currently looking away from the Stockholm office market.
Jukka Rantanen, CEO of Sb-Hem.

The labor market conflict in Finland has a negative impact on housing trade

Finland Finland — The forecast pointed steadily upwards in Finland during the autumn. But now the real estate agent Sb-Hem's managing director Jukka Rantanen believes that the labor market conflict, the disagreement between the government and the unions and the ongoing strikes are slowing down the recovery of the housing trade in Finland. "The recovery in the housing market is delayed by the weakening of consumer confidence and the weakening of employment due to the conflict in the labor market," says Jukka Rantanen to Nordic Property News.

New residential company launched in Northern Sweden

Sweden Sweden — The coast of Norrland is in a period of rarely seen growth where large establishments are already underway and more are planned. Norrland's ambition is to grow with 100,000 new jobs over the next 15 years, which drives the demand for housing and infrastructure. That is why Westerlinds invests heavily in both acquisitions and new partnerships.
Benn Karlberg resigns as CEO of Logistic Contractor.

Benn Karlberg resigns as CEO of Logistic Contractor

Nordic — Benn Karlberg resigns as CEO of Wästbygg Gruppen's group company Logistic Contractor. He is also leaving the company's group management.
The property Eldstaden 4 in Varberg that Nivika acquires.

Nivika acquires two properties in Varberg

Sweden Sweden — The property value amounts to approximately SEK 49 million and the annual rental value amounts to SEK 3.7 million with an average contract period of five years. The properties were acquired during the second half of March.
MSCI has presented the figures showing the housing segment's falling returns in Sweden and the rest of the Nordics.

The figures showing the housing segment's falling returns

Nordic — For the second year in a row, housing was the weakest segment in Sweden in 2023 and for the first time in the last two decades, the segment has had a negative total return two years in a row, this did not happen even after the weak year of the financial crisis in 2008 when the recovery was faster. To get the facts behind the numbers, MSCI has presented its housing index for 2023 which, among other things, shows that we have now had six negative quarters in a row with a negative total return in Sweden.
AMF Fastigheter's CEO Thomas Erséus.

Thomas Erséus: "More rotation of AMF's properties in the future"

Sweden Sweden — Nordic Property News reporter on site in Cannes had a conversation with AMF Fastigheter's CEO Thomas Erséus about the state of the market, the status of the profile projects and what can await the company in the future, which may contain selling more properties.
The property Martin Linges vei 33 at Fornebu in Oslo.

Norwegian Property takes over Fornebu property

Norway Norway — Norwegian Property’s subsidiary, NPRO Holding AS, has taken over all shares in ML 33 Holding II AS as of 18 March 2024, which indirectly owns the shares in the company that owns the property Martin Linges vei 33 at Fornebu in Oslo. The shares have been taken over for NOK 1. NPRO Holding is 100 percent holder of junior bond loan extended to one of the Property's holding companies.
Alma Property Partners makes new appointments.

Alma Property Partners makes hires in Finland and Denmark

Nordic — Alma Property Partners has hired Nicolas Karkkolainen and Antti Salonen to the Finnish investment team in Helsinki and Gustav Bachmann to the Danish investment team in Copenhagen. The three new hires increase Alma's investment team to a total of twelve people.
Balder.

Balder’s nomination committee proposes election of new Chairman of the Board

Sweden Sweden — The nomination committee of Fastighets AB Balder has completed its work ahead of the Annual General Meeting on 3 May 2024. The nomination committee proposes that Sten Dunér be elected as new Chairman of the Board and that Carin Kindbom be elected as new Board member. The nomination committee proposes that current Board members Fredrik Svensson, Anders Wennergren and Erik Selin be re-elected.
Douglas Axelson and Jacob Hallberg.

After the Fastator deal – here is where the new JV is looking for more acquisition opportunities

Sweden Sweden — A newly formed joint venture company between R2 Fastigheter and Alhem Fastigheter buys a property in Nacka from Fastator. After the deal, Douglas Axelson, CEO of R2 Fastigheter, and Jacob Hallberg, CEO of Alhem Fastigheter, talk about the purchase in Nacka, how they want to develop the new joint company, the growth goals and where to look for new business.

The highest LTVs in the Nordics

Nordic — Nordic Property News presents how high the loan-to-value ratio the listed companies had in 2023.
Anette Frumerie, CEO of Rikshem.

Rikshem makes large community property divestment

Sweden Sweden — Rikshem sells 14 community properties in Sigtuna to Sigtuna municipality for SEK 785 million (EUR 70 million). The properties currently house LSS residences, preschools, schools and a nursing home. The deal is subject to a decision in the municipal council on April 25.
Helsinki.

Keva and Mrec Investment Management establish a new joint venture named Logian

Finland Finland — Keva and Mrec Investment Management have established a joint company named Logian, focusing on Finnish, advanced logistics, warehouse, and industrial properties. Mrec IM is responsible for the operational activities of the company.
Rebecka Eidenert, CEO of SBS.

SBS Norden waives access to student housing in Copenhagen – as project is not yet completed

Denmark Denmark — Studentbostäder i Norden AB (SBS Norden) has agreed not to enter into the previously communicated acquisition of a new production project with 173 student housing in Copenhagen.
Tommy Åstrand.

SLP's ambitions for the hot logstics market in Gothenburg

Sweden Sweden — SLP enters a new market with its first acquisition in Gothenburg – a deal that means the company achieves a series of milestones. CEO Tommy Åstrand tells Nordic Property News about the acquisition and how they want to grow in Gothenburg, as well as his view of the Gothenburg market and the milestones reached.

The companies with the highest ICRs

Nordic — Nordic Property News presents a list over the Nordic listed companies with the highest Interest Coverage Ratios for 2023.
SBB wants to acquire Riksbyggen's 30 percent in Unobo, according to Dagens industri.

SBB wants to Riksbyggen's share in the JV Unobo

Sweden Sweden — SBB intends to buy Riksbyggen out of the jointly owned company Unobo, a company that SBB has owned 70 percent of since 2021. This is evident from a notification to the Swedish Competition Authority, according to Dagens industri.
Fenderen.

Veidekke to build commercial buildings for CG Rieber Eiendom in Bergen

Norway Norway — Veidekke has entered into an agreement with GC Rieber Eiendom to erect an environmentally certified commercial building with Norconsult as the largest tenant.
28&7.

Corem signs two lease contracts in New York

Sweden Sweden — Corem has signed two additional new lease contracts for a total of 1 234 sqm at the project property 28&7 in New York. The tenants, Chenel Capital and Superstate are both investment firms. Chenel Capital will move in on 807 sqm during the fourth quarter of 2024 and the lease term is five years. Superstate moved in on 427 sqm in the beginning of March and their lease term is three years.