W. P. Carey with a $52 million acquisition of Cargotec Campus in Finland

W. P. Carey Inc. announces that it has acquired the research and development and class-A office facilities of Cargotec Corporation in Tampere, Finland, which are subject to a 20-year triple-net lease with the company. The total... more...

Wednesday, 5. June 2013

Extension project starts at shopping centre Iso Omena

Citycon and NCC Property Development will launch the first phase of the extension and (re)development project of the shopping centre Iso Omena, situated in Matinkylä, Espoo. Citycon and NCC have today bought a site for the extension... more...

Friday, 31. May 2013

NCC starts construction of Matinkylä Metro Center in Espoo

NCC is to start construction of a shopping mall and a public transport hub in Matinkylä, Espoo, in the Greater Helsinki area. The shopping mall project will be carried out in a 50/50 joint venture between NCC and Citycon. The total... more...

Friday, 31. May 2013

Nordic Real Estate Partners announced Nordic Retail Fund 2

Nordic Real Estate Partners (NREP) today announced the final closing of NREP Nordic Retail Fund 2, which is the sixth NREP fund. The fund will continue NREP’s retail value-add strategy, with which NREP has delivered steady income and... more...

Thursday, 23. May 2013

Steady income from real estate investments

Despite the economic stagnation in Europe, funding for real estate investments is working relatively well in Finland. Speakers at the Sponda Capital Markets Day pointed out that there's a demand for properties amongst investors and banks... more...

Friday, 17. May 2013

Skanska renovate IsoKristiina Shopping Center for about SEK 754m

Skanska has signed a contract for the construction and renovation of IsoKristiina Shopping Center, located in Lappeenranta. The value of the contract is €88m, about SEK 754m. The investors in the project are Citycon and Ilmarinen,... more...

Monday, 25. March 2013

Patrizia expands its business in the Nordic countries

Patrizia Immobilien AG expanded its business in the Nordic countries last year. "We have successfully expanded in the Northern European countries of Denmark, Finland, Norway and Sweden. Our newly established Patrizia locations in... more...

Monday, 11. March 2013

NCC sells Plaza Business Park

NCC has sold the third phase of Plaza Business Park, Loiste, in Finland for approximately SEK 209 million. The buyers are four pension and insurance companies in the OP-Pohjola Group, and transfer of ownership will take place... more...

Friday, 1. March 2013

Citycon to start the extension and re-development project of shopping centre IsoKristiina

Citycon Oyj and Ilmarinen Mutual Pension Insurance Company have decided to expand and redevelop the shopping centre IsoKristiina, located in the city center of Lappeenranta. The total investment will be around € 100 million, Ilmarinen... more...

Thursday, 28. February 2013

NREP strengthens its pan-Nordic team

Nordic Real Estate Partners has hired Jacob Annehed as the company’s new CFO as of January 14th. Jacob most recently worked as Head of Finance with RSA Scandinavia (Codan and Trygg Hansa). Prior to his position at RSA Scandinavia Jacob... more...

Wednesday, 30. January 2013

Wereldhave announces international fashion brand lettings for Itis

Wereldhave has announced the completion of a major phase of its €80m refurbishment of Itis, Helsinki. This coincides with the signing of three international fashion retailers, as New Yorker and Bik Bok have chosen the centre to launch... more...

Friday, 25. January 2013

Final phase topping-out ceremony at Citycenter

Property investment company Sponda Plc is developing the Citycenter shopping centre in a prime location in downtown Helsinki. The multi-year project that has been completed over several phases is now nearing completion, with the... more...

Friday, 25. January 2013

NCC sells retail property to Keva

NCC has sold a retail property, Lielahti Center, in Tampere, Finland, to the Finnish pension insurance company Keva. The sale will have an impact on earnings during the second quarter of 2014. more...

Wednesday, 26. December 2012

Citycon’s Vice President to leave the company

Johan Elfstadius, Citycon Oyj’s Vice President, Swedish Operations, and member of the Corporate Management Committee is leaving his position in the company. The decision to leave the VP position is mutual between the company and Mr.... more...

Wednesday, 12. December 2012

Tamar Fund sells assets in France and Finland

Tamar European Industrial Fund today announces that it has sold two assets in France and one in Finland for a combined consideration of £2.52 million (€3.11 million). In France, the Fund has sold an asset located in Trappes, 24... more...

Friday, 7. December 2012

Two new tenants at IsoKristiina

The planned redevelopment of the shopping centre IsoKristiina in Lappeenranta City in Finland has taken a major step forward. The owner of IsoKristiina, Citycon, and the Southern Karelia Cooperative Society (Eekoo) have signed lease... more...

Thursday, 29. November 2012

Havis Business Center in Helsinki receives BREEAM certification

A BREEAM environmental certificate for the level Good has been awarded to the office building known as Havis Business Center, which is located in the heart of Helsinki. The building was renovated by Sponda Plc and is the first new... more...

Tuesday, 27. November 2012

Improving returns for third quarter Nordic property funds

The IPD Nordic Quarterly Property Fund Index released today showed that Nordic property fund returns improved slightly in the third quarter of 2012, delivering a 1.9% return compared to 1.7% in Q2 2012. more...

Thursday, 22. November 2012

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