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» Chronological View: " Northern Europe " «

Peab builds office building in Malmö

Peab has been commissioned to build an office building in Västra Hamnen in Malmö. The customer and general contractor is Midroc Projects AB and the contract is worth €11.4 million (SEK 109 million). The office building will be seven stories high built on Propellergatan near Kockum Fritid in Västra Hamnen in Malmö. This is a t...
Montag, 21. August 2017

Lundbeck divests part of its headquarter properties in Copenhagen

The international pharmaceutical company H. Lundbeck A/S has divested part of the headquarters in Valby no longer needed for their operations. The investors are the two Danish pension funds, Danske civil- og akademiingeniørers Pensionskasse (DIP) and Juristernes og Økonomernes Pensionskasse (JØP). Catella Corporate Finance ac...
Mittwoch, 16. August 2017
Barings acquires office-to-hotel conversion opportunity in Helsinki

Barings acquires office-to-hotel conversion opportunity in Helsinki

Barings Real Estate Advisers has acquired a €16.3 million office building at Unioninkatu Street in Helsinki from The Confederation of Finnish Construction Industries RT, an employer union. Barings plans to convert the asset into a 120 room business class hotel.
Montag, 14. August 2017

Baltic Horizon Fund declared approx. €1,2 million cash distribution to investors

Northern Horizon Capital AS as the management company of Baltic Horizon Fund has approved a cash distribution of approx. 1.5% to its unitholders based on the fund 2017 Q2 weighted average net asset value. This equals to approx. €1,2 million in total and €0,018 per unit. Decrease of distribution per unit in comparison to the d...
Montag, 7. August 2017
Barings acquires €43 million residential portfolio

Barings acquires €43 million residential portfolio

Barings Real Estate Advisers has acquired a €43m portfolio of seven residential properties from Varma Mutual Pension Insurance Company on behalf of an institutional investor. Following this acquisition, Barings' first in the residential sector in Europe, the firm now manages more than €844m of real estate assets in the Nordic...
Montag, 7. August 2017

Catella AB publishes bond prospectus

Shortnews Catella AB (publ) issued on 15 June 2017 a senior unsecured bond loan of SEK 500,000,000 within a total framework amount of SEK 750,000,000 on the Swedish bond market. The bonds carry a floating rate interest of STIBOR 3m + 4.00 percentage points per annum and matures 15 June 2022. The company has applied for listing of the b...
Donnerstag, 27. Juli 2017

The Nordics - A region of opportunity for international operators

Fuelled by strong economic performance and RevPAR increases, the Nordic region, including Denmark, Sweden, Finland and Norway, continues to grow in popularity. In a report released today, Christie & Co examines the key fundamentals of the region and highlights the opportunities for investors and operators.
Mittwoch, 26. Juli 2017

M&G Real Estate acquires €59.3 million prime industrial portfolio

M&G Real Estate has acquired a €59.3m industrial portfolio in Denmark, representing a net yield of 6.8 percent. This latest purchase further demonstrates the business’s core strategy for pan-European growth, and marks its fourth acquisition in Denmark. The 75,139 sq m Danish portfolio has been leased back to Denmark's largest...
Montag, 24. Juli 2017

Blackstone purchases Sponda Plc

Polar Bidco S.à.r.l., an entity owned by funds advised by Blackstone real estate, has completed a voluntary tender offer for Sponda Plc, the Nasdaq Helsinki listed prime real estate investment company in Finland. In addition, Nordic investor Areim is a co-investor alongside Blackstone. Once completed, the deal would be the la...
Freitag, 21. Juli 2017

Patrizia acquires residential development project in Copenhagen

Patrizia Immobilien AG has entered into an agreement with MT Højgaard A/S on the acquisition of an 18,660 sq m residential development project in Copenhagen. The apartments are scheduled for completion in mid-2019 and will be located in area of Sydhavnen. The project comprises 16 properties including a total of 120 apartments...
Montag, 17. Juli 2017

Hines acquires prime high-street retail assets in Copenhagen

Hines has completed the acquisition of four prime retail properties located in Copenhagen's premier shopping area for €62 million (DKK 460m) on behalf of the Hines Pan-European Core Fund (HECF). The assets were purchased from a fund advised by Meyer Bergman.
Montag, 17. Juli 2017

SSM acquires new housing project for approximately 150 apartments in Sollentuna

SSM has acquired a housing project in the fast-growing Rotebro (Municipality of Sollentuna) from Galjaden Fastigheter AB corresponding to an initial purchase price of €2.6 million (25 million SEK) as well as an additional purchase price that will be applied once the project's detailed development plan is approved. The propert...
Freitag, 14. Juli 2017

Meyer Bergman launches Promenaden Fashion District in Oslo

Meyer Bergman is launching Oslo Promenaden Fashion District. Working closely with other landlords and it's Oslo based property management firm, Promenaden Management, the district consolidates Oslo's most exclusive shopping areas made up of 800 luxury brands, restaurants and cafés, spread across seven iconic streets and ancho...
Donnerstag, 13. Juli 2017

Skanska builds new hotel at Arlanda Airport in Stockholm for about €73.7 million

Skanska has signed a contract with Swedavia to build a hotel at Arlanda Airport in Stockholm. The contract is worth about €73.7 million (SEK 710 million), which will be included in the Nordic order bookings for the third quarter 2017. The hotel, with an area of ​​20,000 square meters spread over 14 floors and 503 hotel rooms,...
Mittwoch, 12. Juli 2017
Union Investment appoints Savills to property manage Sthlm HUB

Union Investment appoints Savills to property manage Sthlm HUB

Savills has been appointed to property manage Union Investment’s latest acquisition in Stockholm, Uggleborg 14, also known as Sthlm HUB. Sthlm HUB, at Vasagatan, is located close to the central station in Stockholm’s CBD. The property comprises approximately 6,000 sq m of offices and retail space.
Dienstag, 11. Juli 2017

Skanska sells office building in Oslo

Skanska has sold its 50 percent ownership in the office building Sundtkvartalet in Oslo to its joint venture partner Entra Eiendom for €83.6 milllion (NOK 795 million). The transaction will be booked by Skanska Commercial Development Nordic in the third quarter 2017. Entra takes ownership of Skanska's shares in the company on...
Dienstag, 11. Juli 2017

Skanska sells office building in Stockholm for about €93.6 million

Skanska has sold the office building Sthlm Seaside in Stockholm to Vasakronan for about €93.6 million (SEK 900 million). The transaction will be booked by Skanska Commercial Property Development Nordic in the third quarter 2017. The transfer of the property is scheduled for December 2017.
Montag, 10. Juli 2017