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» Chronological View: " Northern Europe " «

Elo and LocalTapiola sell prime logistics property

Elo Mutual Pension Insurance Company, together with LocalTapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS. The deal represents one of the largest single asset logistics transactions ever completed in the country. Built in 2006, the complex comprises 42,000 squ...
Monday, 20. August 2018

Scandic Hotels signs long-term lease to operate a new hotel Trondheim

Scandic Hotels has signed a long-term lease agreement with Bane NOR Eiendom and Utstillingsplassen Eiendom to operate a new hotel in the Nyhavna area of Trondheim. The hotel will be the city’s largest conference hotel with 425 rooms and conference facilities covering close to 4,000 m2. The hotel is expected to open in 2022.
Monday, 20. August 2018

European industrial and logistics investment remained strong in H1 2018

European industrial and logistics investment remained strong during the last 12 months, according to CBRE's EMEA Industrial & Logistics – Capital Markets Snapshot. Investment volumes reached €31.3bn, down 21% from the 12 months to June 2017, but up 14% after discounting the hugely significant €12.25bn Logicor deal which took ...
Monday, 20. August 2018

Alma Property Partners acquires industrial property in Ljungby

Alma Property Partners acquires an industrial property with a lettable area of approximately 23,000 sqm from a private company. The property located at Näsvägen 10 is fully leased to Norcospectra AB, one of the leading retail store design companies in the Nordics and Central Europe. Alma will own and manage the property in co...
Friday, 17. August 2018

Trevian to establish a real estate development company

Trevian Asset Management Oy has established a new subsidiary, Trevian Development Oy, of which Trevian Asset Management also owns the majority. Trevian Development focuses initially on managing a wide range of real estate development projects, such as offices and retail premises and housing projects, which are managed by the ...
Thursday, 16. August 2018

Pilängen Logistik divests XXL’s logistics centre in Örebro to Aberdeen Standard

Pilängen Logistik AB has today divested XXL’s logistics centre located in Örebro to Aberdeen Standard Investments for around SEK 400 million (c. €38.5 million). The logistics centre, which comprises approximately 43,000 square metres, is fully let to the leading Norwegian sports retailer XXL with over 10 years remaining lease...
Wednesday, 15. August 2018

SSM’s The Tube project in Ursvik and Turbinhallen project in Järla Sjö sold out

SSM Holding AB’s The Tube project in in Ursvik (Sundbyberg) and Turbinhallen project in Järla Sjö both are now sold out. Tenants of The Tube project, which comprises 50 cooperative apartments, gained access to their new homes and moved in during the first half year 2018. SSM’s Turbinhallen project, which is made up of 205 coo...
Wednesday, 15. August 2018

Huddinge Municipality plans to develop Stockholm South Business District in Flemingsberg

Huddinge Municipality and a consortium of several real estate businesses signed a letter of intent to develop central parts of Flemingsberg to form an international business district. This decision is the first step in achieving the vision of transforming Flemingsberg from a regional centre into an international business and ...
Wednesday, 15. August 2018

Fabege sells Lagern 4 in Solna

Fabege has divested the Lagern 4 property in Solna to one of Pareto's newly formed companies. The sale is being made in the form of a company, with an underlying property value of SEK 268m (c. €25.8m) after deduction of deferred tax, and provides a pre-tax profit of approximately SEK 5m, which will be reported as an unrealize...
Friday, 10. August 2018

Erika Olsén leaves her position as CIO at Castellum

Erika Olsén has decided to resign from her position as CIO at Castellum and leave the company for a new assignment outside the group. She is employed until December 31 and will remain in office until successor has been appointed. Since November 2015, Olsén has been part of Group Management with overall responsibility for the ...
Wednesday, 8. August 2018

Ares raises €6.5bn for landmark direct lending fund

Ares Management announced the final closing of its fourth European direct lending fund, Ares Capital Europe IV (“ACE IV”). Within six months of its launch, ACE IV was significantly oversubscribed relative to its initial target of €4.5 billion, closing at its hard cap of €6.5 billion of total commitments. ACE IV is the largest...
Thursday, 26. July 2018

Tunstall expands its fund to eight further European countries

Tunstall Real Estate Asset Management has expanded the investment criteria for its debt fund DPO Fund 1, which was launched in July 2017 with capital to invest of up to €130 million. Originally the fund was focussed on the Netherlands, but will now consider opportunities with borrowers across Germany, Denmark, Sweden, Finland...
Monday, 23. July 2018

CREDI indicates increased optimism among banks as well as improved credit terms

In the July issue of the Catella Real Estate Debt Indicator, the Main index increases from 50.5 to 54.3, which is the strongest index score since September 2015. Property companies and banks have a positive view of the development of the credit market, while the bond market is showing signs of levelling out.
Monday, 23. July 2018

Brunswick RE holds final close of SEK 6.6bn in largest nordic RE debt fund

Brunswick Real Estate has held the final close of its second senior debt fund in the Nordics, thereby reaching over c. €820m (SEK 8.5bn) under management. According to the company, main investors are some of the region’s largest institutions. This further reinforces real estate debt as an asset class as well as the continuing...
Monday, 23. July 2018

Antilooppi acquires two multi-let office properties

Antilooppi has acquired two almost fully leased office buildings from Leppävaara, Espoo and Vallila, Helsinki for €43 million. Both assets were purchased from a joint venture between Cromwell Property Group and one of its private equity partners.
Friday, 20. July 2018

Diös sells property in Malung and announces property exchange with NP3

Diös Fastigheter is selling one commercial property in Malung with a total area of 3,000 square meters to Tre Kronor Property Investment AB. The underlying property value amounts to c. €1.6 million (SEK 16,4 million) and correlates to Diös’s most recent valuation. The transfer of ownership will take place in the third quarter...
Thursday, 19. July 2018

Europa Capital sell their last residential block in Copenhagen to Patrizia

Europa Capital and Keystone Investment Management have sold a newly built residential block of 97 units in the Copenhagen suburb of Valby to Patrizia. This is the final asset to be realised from Europa Capital’s Fund IV Valby portfolio, which was acquired in September 2015 on a commitment to purchase basis and comprised 367 u...
Wednesday, 18. July 2018