• ASI in SEK 1.2 billion resi acquisition

    Nordic Update Aberdeen Standard Investments has acquired three residential properties in the Stockholm region for SEK 1.2 billion from JM. ”It is one of the best portfolios I’ve seen for a long time”, says Magnus Kenning to Fastighetsnytt.

  • Sonja Horn takes the helm at Entra

    Nordic Update Listed Norwegian company Entra has appointed Sonja Horn as the company’s new CEO. She replaces Arve Regland who has left the company to join Fredensborg as CFO.

  • Nuveen to expand Nordic investment scope

    Nordic Update Global property investor Nuveen Real Estate has decided to develop its investment strategy to include a bigger number of sectors in its asset portfolios. This means that the company will look at investment in e.g. student housing and residentials in the Nordics.

  • ASI joint venture plans 5,000 micro-living units in Nordics

    Nordic Update A joint venture between Aberdeen Standard Investments and Swedish company Ailon Group is currently planning or developing 2,000 micro-living units in bigger cities in the Nordics. Moreover, the parties have plans for additional 3,000 units in the coming three years.

  • Sweden: Transaction volumes SEK 75 billion YTD

    Nordic Update While the Finnish property market has slowed down considerably in 2019, the Swedish market remains exceptionally strong. To date, properties worth SEK 75 billion have changed hands in what promises to be one of the best years ever in the Swedish market.

  • Entra issue NOK 400 million commercial paper

    Nordic Update Entra has issued a new commercial paper with a first tranche issue amounting to NOK 400 million. The loan matures on February 14, 2020

  • New Genesta fund raises SEK 3.6 billion at first closing

    Nordic Update Fund manager Genesta Property Nordic has made the first closing of its third value-add fund and raised a total of SEK 3.6 billion in the first closing. The fund has a target size of SEK 5 billion.

  • NREP buys retail in Finland for EUR 77 million

    Nordic Update Citycon has sold a pair of shopping centres in Finland for a total value of around EUR 77 million. The buyer is Nordic fund manager NREP.

  • Balder makes SEK 800 million acquisition

    Nordic Update Listed Swedish entity Balder has acquired a portfolio entailing hotels, offices, logistics and residentials in Göteborg for approximately SEK 800 million. The seller is an anonymous private investor.

  • Skanska sells ECHA HQ to Hansainvest

    Nordic Update In a second large divestment this week, Skanska has sold an office development in Helsinki to German Hansainvest Real Assets for EUR 135 million. The property will house the headquarters of ECHA.

  • Vasakronan swoops on SEK 563 million office property

    Nordic Update Vasakronan has acquired the property Juvelen, a new office development in Uppsala, from Skanska for SEK 563 million. The property has a LFA of roughly 8,600 sq.m.

  • AXA IM acquires EUR 174 million resi portfolio in Copenhagen

    Nordic Update In the largest transaction of the year in the Danish market, AXA Investment Managers – Real Assets have acquired a residential portfolio in Copenhagen for EUR 174 million.

  • John Mattson receives warm welcome by market

    Nordic Update This week, the Stockholm Stock Exchange welcomed a new residential company to its main market as John Mattson started trading on Wednesday.

  • Balder issues first green bond

    Nordic Update Balder has issued its first sustainable bond. It is a non-secured bond with a nominal value of SEK 1 billion and is issued under the company’s green bond framework.

  • Moody’s raises Castellum rating

    Nordic Update Moody’s has raised the credit rating of Castellum to Baa2 with stable outlook. According to a press release from Castellum, the rating reflects the quality of the company’s portfolio and its strong financial position.

  • WeWork to open Copenhagen facility in 2020

    Nordic Update Coworking giant WeWork has signed a lease agreement for 7,500 sq.m. in Copenhagen’s meat packing district (Kødbyen) where it will open its first Danish operation mid-2020.

  • Significant slowdown in Finnish transactions market

    Nordic Update The total transaction volumes in the Finnish market, in the period January through, amounts to EUR 1.8 billion according to new statistics presented by KTI.

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