• Corem buys from Stendörren in Stockholm outskirts

    Nordic Update Stendörren and Corem have agreed that the latter acquires the property Veddesta 2:43 in Stockholm suburb Järfälla from Stendörren in a deal valued at 325 million SEK. The 19,100 sq.m. logistics property has a vacancy rate of 9 per cent and an annual rental income of 29 million SEK.

  • Castellum divests portfolio in Västerås

    Nordic Update Castellum has divested a mixed-use portfolio of eight properties in Västerås to Stendörren. The deal is made based on an underlying property value of 345 million SEK.

  • New chairman appointed to Akelius board

    Nordic Update Anders Lindskog has been appointed as the new chairman of the board of Akelius Residential. He replaces Leif Norburg who retires after nine years as chairman. Norburg will however retain a seat on the board.

  • Klövern issues hybrid bonds

    Nordic Update Klövern taps the domestic money market for 500 million SEK by issuing a hybrid bond within the company’s existing framework amounting to 1.5 billion SEK.

  • Construction giants issue income alerts

    Nordic Update During the week, Swedish construction giants Skanska and NCC have both issued income alerts as both companies have been forced to make massive write-downs in ongoing projects. Furthermore, both companies have announced that they will alter their strategies going forward.

  • Stable profit growth indicated by first reports

    Nordic Update Four of the most prominent listed property companies in Sweden have released their income statements for the third quarter this week and as expected all companies increase their income from property management.

  • Kildare goes through with Technopolis buyout

    Nordic Update Kildare Nordic Acquisitions has announced that all conditions of the tender offer to acquire all shares in listed Finnish property company Technpolis plc have been fulfilled and therefore, Kildare will proceed with the acquisition.

  • 45,000 sq.m. added to existing logistics property

    Nordic Update Logicenters has signed an agreement with Speed Group to develop 45,000 sq.m. a logistics facility in Viared outside Borås. The facility will be an addition to the 38,000 sq.m. already leased to Speed Group and thus, upon completion, the facility will have a total area of 83,000 sq.m.

  • Niam hires from Möller & Partners

    Nordic Update Fund management company Niam has hired Christian Ekberg to the role of Director, Acquisitions. He joins the company from Möller & Partners.

  • Analyses are going awry

    Nordic Update Are we building the right type of assets? It does not seem so to economist Peter Stein, pinpoints several challenges for the next term of office. “Builders and municipalities have remained obsessed with demographic flows, without matching them with income and demand flows,” he says.

  • NCC issues massive income alert

    Nordic Update On the occasion of Tuesday’s capital market day, NCC warned that the company will make a billion loss in the third quarter. The warning comes after the new CEO Tomas Carlsson discovered a whole lot of non-performing activities in a review of the company and that one third of the company is unprofitable.

  • Signs green leases in Uppsala

    Nordic Update Atrium Ljungberg has signed two new green leases to Academic Work and Tengbom in its property Forum in Uppsala. Moreover, the existing tenant, KitchenTime will expand their operations and add 400 sq.m. to their current green lease.

  • Tristan buys landmark office property for 1,22 million EUR

    Nordic Update CCP 5 LL, a fund managed by Tristan Capital Partners, has made a high profile acquisition in Norwegian capital Oslo. The fund has bought a landmark office building in the Helsfyr business district for 1,22 million EUR from Starwood Capital Group.

  • Finland: Nine months volumes down by 30 per cent from 2017

    Nordic Update During the third quarter, property transactions amounting to a total of 1.6 billion EUR were made in the Finnish market. Thus, the total volume for the first nine months of the year is now at 5.6 billion EUR

  • Conficap buys three Helsinki office properties

    Nordic Update Finnish family office Conficap Oy has acquired three office properties in the Helsinki district Pitäjänmäki. The buildings have a total leasable area of 33,000 sq.m. and are all located within walking distance from the Pitäjänmäki and Valimo train stations.

  • Wereldhave exits Finland through 450 million EUR transaction

    Nordic Update Dutch real estate investor Wereldhave has agreed to sell the Itis shopping centre in Helsinki to a fund advised by Morgan Stanley Real Estate Investment.

  • Pareto vehicle acquires office properties for 206 million NOK

    Nordic Update In a transaction dated October 9th, Norwegian entrepreneur Terje Høili sold a pair of office properties in Fredrikstad to a syndicated structure created by Pareto Project Finance.

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