• Aberdeen Standard fund buys over 800 Helsinki flats

    Nordic Update Aberdeen Standard Investments, on behalf of its fund Pan-European Residential Property Fund, has acquired a portfolio of over 800 apartments in Helsinki. It is the funds first investment in Finland, its second in the Nordics, and moreover, its largest single investment to date.

  • Takes the helm at Framtiden

    Nordic Update Terje Johansson leaves Malmö and MKB to become CEO at Förvaltnings AB Framtiden, the umbrella for residential companies owned by the city of Göteborg. He replaces Mariette Hilmersson, who earlier this year left Framtiden to become regional manager for Castellum.

  • An island with 35,000 inhabitants to be built in Copenhagen

    Nordic Update The Danish government and the mayor of Copenhagen, Frank Jensen, have signed a principal agreement about the undertaking of Lynetteholmen, a new island in the waters outside Copenhagen.

  • SBB and Besqab stock market winners in Q3

    Nordic Update Samhällsbyggnadsbolaget i Norden and Besqab were the best performers among construction and real estate shares in the third quarter, while troubled Prime Living plunged the most.

  • Klövern makes 1 billion SEK bid for Agora

    Nordic Update Klövern has made an offer to buy all shares in Swedish retail property company A Group of Retail Assets (Agora). The offer exceeds the market cap of Agora’s conventional shares by 60 per cent and values the company at 1 billion SEK.

  • Column: Letter from Britain

    Nordic Update Trade wars, stress within the EU and digitisation are placing significant uncertainty on the future of global economic growth. All three are connected by a common theme; the feeling amongst certain segments of society that they have been left behind. This is compounded by changes to the workforce bought about by digitisation. The segment of the population that this applies to is steadily growing as professions also find themselves under threat of becoming obsolete.

  • Generali: “We are looking to buy more in the Nordics”

    Nordic Update Generali Real Estate, a subsidiary of the Generali insurance company, has made its first Nordic acquisition as its fund Generali Europe Investment Holding bought a high street retail property in Copenhagen. According to the company, there is more to come.

  • RevCap sells large property in Norway

    Nordic Update Norwegian company Vinterparken AS has acquired the property Luhrtoppen 2 from a fund managed by RevCap/Colliers International.

  • UBS: Stockholm no longer in bubble-risk territory

    Nordic Update The Stockholm housing market is overvalued and there are indications of major imbalances in the market, while the city has left bubble territory. The greatest risk for housing bubbles is in Hong Kong and Munich with Amsterdam and London as the second and third European cities in bubble territory.

  • New major shareholder i Amasten

    Nordic Update Tvättbjörnen Holding is a new major shareholder in First North listed property company Amasten. Tvättbjörnen has acquired a 11,7 per cent stake in the company.

  • Pandox buys Glasgow hotel for 39 million GBP

    Nordic Update Listed Swedish hotel property company Pandox has acquired the Radisson Blu Glasgow hotel in Scotland for 39 million GBP. The hotel is an addition to the company’s UK portfolio which now counts twenty hotels.

  • Ilmarinen divests two properties

    Nordic Update Finnish pension fund Ilmarinen has sold two properties in Järvenpää and Valkeakoski respectively to the investment fund eQ Finnish Real Estate.

  • Skanska invests 412 million DKK in new office building

    Nordic Update Skanska has commenced the first phase of its new office building Cph. Highline in Copenhagen. The building, located on Havneholmen. The construction giant invests 412 million DKK in the project where circa one third of the area to be built is already leased.

  • NCC sells Helsinki property to Swiss Life

    Nordic Update NCC has sold an office building under construction in Helsinki to Swiss Life Asset Managers for 460 million SEK. Located in the Fredriksberg area, described as one of Helsinki’s most attractive areas, the building consists of circa 9,000 sq.m. lettable office and retail areas.

  • Generali makes first Nordic acquisition

    Nordic Update Italian fund manager Generali Real Estate has acquired a prime high-street retail property at Købmagergade in the heart of the Copenhagen shopping district.

  • Acquires retail in Aarhus for 240 million DKK

    Nordic Update Savills IM has acquired two retail properties in Denmark’s second city Aarhus. It is the company’s first Danish retail acquisitions outside Copenhagen. The seller in the transaction is Bark Århus Retail.

  • Column: A Nordic Love Story

    Nordic Update There has been a significant increase in foreign and especially inter-Nordic transactions in the Nordic countries in recent years, while the share of domestic transactions has decreased. Data clearly shows, that for the first time, domestic investors are experiencing growing competition from their neighboring countries. Nordic buyers are now larger than non-Nordic buyers, at 24 and 16 percent respectively.

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