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» Chronological View: " Finland " «

Cinamon will open its doors in Redi shopping centre

Cinamon is making its way to Finland for the first time and will open a five-screen cinema in the Redi shopping and experience centre. Cinamon has signed an agreement to lease around 2,400 m² in Redi's entertainment court, which will open in autumn 2018. The new generation cinema will have a total of around 700 seats. The lar...
Donnerstag, 29. Juni 2017

REC Partners is expanding its business in Scandinavia

Since 2016, property purchases totalling more than 100,000 square metres have been subjected to due diligence checks in Scandinavia. In response to growing demand, REC Partners, the acknowledged specialists in strategic building planning and technical consultancy for property companies, are continuing to expand their business...
Freitag, 23. Juni 2017
Scandic become the leading hotel operator in Finland

Scandic become the leading hotel operator in Finland

Scandic Hotels Group has signed an agreement to acquire Restel’s hotel operations in Finland. Through the acquisition, the hotel group will strengthen its position as the leading hotel company in the Nordic countries and become the largest hotel operator in Finland. The transaction subject to regulatory approval.
Freitag, 23. Juni 2017

Pbb provides financing to Schroder Nordic Real Estate Fund

Pbb Deutsche Pfandbriefbank has provided a medium-term loan facility of €29 million to Schroder Nordic Real Estate Fund. The loan was provided to refinance an office property located in central Helsinki. The transaction closed in May 2017. The property comprises ca 24,000 sqm lettable office accommodation in Sörnäinen, a prim...
Freitag, 23. Juni 2017

Peab renovates student housing in Esbo

Peab has been commissioned to renovate 256 apartments in Esbo. The customer is Hoas – the Helsinki region student housing association and the contract is worth €12 million. Construction will start in July 2017 and the project is expected to be completed in the beginning of 2019. The project will be order registered in the sec...
Mittwoch, 21. Juni 2017

Construction work in SRV-implemented TAYS front yard project at halfway point

Construction work in the SRV-implemented Tampere University Hospital (TAYS) front yard project is at the halfway point, and the topping out ceremony was held at the site on Thursday, 15 June. Three new buildings and an underground parking facility, to be completed in stages during 2018–2020, will be built in the TAYS front ya...
Dienstag, 20. Juni 2017

Niitty shopping centre opens its doors

The SRV-implemented Niitty shopping centre was officially opened on 15 June. The shopping centre, built above Niittykumpu metro station, will provide excellent daily services to thousands of present and future residents of the area. The Niitty shopping centre's premises cover approximately 7,000 m², and all of the shopping ce...
Montag, 19. Juni 2017

Bouwfonds acquires carpark asset in central Helsinki

Renger Investment Management (RIM) has over the past year together with Bouwfonds Investment Management developed plans to acquire carpark assets in the Nordic region. Bouwfonds has now closed its first transaction under this cooperation for Bouwfonds European Real Estate Parking Fund III (BEREPF III), being an open-ended spe...
Freitag, 16. Juni 2017
Tokmanni to open a store in Citycenter in Helsinki

Tokmanni to open a store in Citycenter in Helsinki

The range of services available in shopping centre Citycenter will be expanded this year, as Tokmanni will open a store in the shopping centre's basement floor in the autumn. The store will cover approximately an area of 1,100 square metres.
Donnerstag, 15. Juni 2017

Pbb provides financing to support an acquisition by Alma Property Partners

Pbb Deutsche Pfandbriefbank provided an acquisition and capex facility of €36.5 million to support an acquisition made by Alma Property Partners . The loan was provided to support the acquisition and refurbishment of four office properties located in the Keilaniemi office area in Espoo. The transaction closed in April. The mu...
Dienstag, 13. Juni 2017

Housing shortage concerns city dwellers more than crime

The housing shortage is the issue that concerns Stockholmers the most – more than increases in crime and greater segregation – despite the current high rate of construction. At the same time, it is clear that the majority of Nordic residents are unhappy with developments in society, pointing to such factors as higher living c...
Freitag, 9. Juni 2017

Agore Kiinteistöt starts its operations

Agore Kiinteistöt Ky, a joint venture established by Elo Mutual Pension Insurance, Första AP-fonden (AP1) and Trevian Asset Management Oy has started its operations. The company has on 31 May 2017 acquired from Elo a seed portfolio including ten retail assets worth approximately €160 million. The properties are located in eig...
Freitag, 2. Juni 2017

Schroder Real Estate bolsters Nordic portfolio with acquisition

Schroder Real Estate has completed the purchase of the Sampotalo office and retail building in Turku. Schroders acquired the property on behalf of Schroder Nordic Real Estate Fund, a German Special-Alternative Investment Fund. The Sampotalo office and retail building is a prime building in Turku's best location, built in 1938...
Donnerstag, 1. Juni 2017

Helsinki City Theatre opens its doors after full renovation by SRV

The extensive renovation of the Helsinki City Theatre, begun in June 2015 by SRV, has now been completed. The technical building systems designed by architect Timo Penttilä have been comprehensively modernised, while respecting the spirit of the protected building. About to turn 50, the theatre will open to the public in Aug...
Montag, 29. Mai 2017
Skanska builds apartments in Helsinki for €38 million

Skanska builds apartments in Helsinki for €38 million

Skanska has signed an agreement with the Helsinki Housing Production Department ATT to build 189 apartments in Helsinki. The contract is worth €38m (about SEK 360m), which will be included in the Nordic order bookings for the second quarter of 2017. The construction works on all the three phases of the project will be commenc...
Montag, 29. Mai 2017

Nordic property shares trend downwards since all-time high in September last year

Nordic property shares have trended downwards since all-time high in September last year. Former valuation premiums have disappeared and many companies are now trading at a discount. In particular, smaller property shares outside the main list have taken a large hit, according to the new report Pangea Nordic Listed Overview f...
Freitag, 26. Mai 2017
Antilooppi acquires Itämerenkatu 3 office property in Helsinki

Antilooppi acquires Itämerenkatu 3 office property in Helsinki

Antilooppi acquires Itämerenkatu 3 office property in Ruoholahti from YLE Pension Fund for €28.7 million in an off-market transaction. Itämerenkatu 3 was built in 1998 and it is located right by the metro station in the heart of Ruoholahti. The lettable area of the fully leased property is 9,900 m² and it includes 112 parking...
Mittwoch, 24. Mai 2017

Northern Horizon nursing home first to be LEED certified

A Northern Horizon nursing home in Helsinki has been awarded a LEED Gold certification. The asset located in the affluent suburb of Paloheinä was originally built as a church in 1963. After full redevelopment and extension during 2014-2015 it today serves as a modern nursing home for elderly persons. It is the first ever nurs...
Dienstag, 23. Mai 2017