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» Chronological View: " Northern Europe " «

SBB sells building rights for about SEK180 million

Samhällsbyggnadsbolaget i Norden AB has divested building rights with a calculated volume of 63,500 sq metres BTA in three separate transactions for a total property value of approximately SEK180 million (c. €17.43 million). The transaction value exceeds the latest external valuation and the transactions are estimated to have...
Friday, 22. June 2018

Three activity parks to be constructed in Solna at initiative of Generation Pep

At the initiative of Generation Pep, Fabege is teaming up with the City of Solna to construct three activity parks – or ‘Pep Parks’ – in Huvudsta, Arenastaden and Haga Park. The purpose of the parks is to provide children, young people and adults with the conditions for play, movement and daily exercise together.
Thursday, 21. June 2018

Coop sells 131.300 sq.m. real estate portfolio in Aarhus to Dades

Coop has sold a 131.300 sq.m. business-, campus- and retail portfolio in Aarhus South to Dades A/S. Catella Corporate Finance has acted as financial advisor to Coop in the sale. Historically, the transaction is one of the largest ever carried out in Aarhus. Due to the size of this transaction, the final closing is dependent u...
Wednesday, 20. June 2018

Zsar secures investment by Tesi and appoints Simon Cunningham to board

Zsar has received an investement by Finnish Industry Investment Ltd, or Tesi. In addition, the outlet village appointed Simon Cunningham, former COO of Value Retail, as a new member of its Board of Directors. At Value Retail Cunningham was responsible for driving sales of €3 billion in 11 luxury outlet villages located across...
Tuesday, 19. June 2018

Logicenters acquires logistics property in Hämeenlinna

Logicenters acquires a 9,000 sq metres property built in 2012 from a fund managed by Auratum Kiinteistöt Oy. Located in the Moreeni industrial area of Hämeenlinna, the property is leased out to Posti Kiinteistöt Oy.
Friday, 15. June 2018

Bonava to develop about 50,000 sq metres of residential space in Espoo

Bonava has signed a binding pre-agreement with Kemira’s pension fund Neliapila enabling the company, in cooperation with Neliapila and Kemira, to develop a new neighborhood in the Finnoo district of Espoo that will become approximately 50,000 sq metres. The area is scheduled for completion around 2030.
Thursday, 14. June 2018

Corpus Sireo makes first purchase in Finland for €28 million

Corpus Sireo Real Estate has acquired a commercial building in the business centre of Helsinki for a real estate fund launched by Swiss Life Asset Managers. The building will be contributed to an institutional real estate fund launched at the end of 2017 that invests in core and core plus locations in major European cities an...
Thursday, 14. June 2018

Logicenters and Skanska develop new facility for Aditro Logistics in Arlandastad

A new deal has been signed between Logicenters and Skanska, that concerns a new development of a distribution center in Arlandastad. Skanska will be the contractor and build a modern logistics facility with a total area of 24,600 sqm. A lease agreement is also signed with Aditro Logistics. The tenant moves in when the facilit...
Tuesday, 12. June 2018

Victoria Park invests in housing for the needs of the elderly

Victoria Park and Markaryd Municipalityjoin forces to renovate and adapt two properties in Strömsnäsbruk to create secure housing for the elderly. The project also includes new premises for shared activities and food services. The main target group for the initiative is individuals aged 70 and upwards.
Tuesday, 12. June 2018

Axactor acquires new portfolio in Sweden

Axactor Sweden has acquired an unsecured NPL portfolio originated by a large Nordic Financial Institution. This one-off portfolio, which consists of three different segments, includes both unsecured loans and micro loans. The Total Outstanding Balance (OB) is approximately €5.6 million and it consists of approximately 5700 ac...
Tuesday, 12. June 2018

D. Carnegie appoints Jonas Andersson as new CFO

Per-Axel Sundström has, after several years at D. Carnegie & Co AB, decided to leave his position as Chief Financial Officer (CFO). As a result, the company has appointed Jonas Andersson as his successor. Sundström’s last employment date and Andersson’s first day as new CFO has not yet been decided, but Sundström will work wi...
Tuesday, 12. June 2018

Benny Ivarsson to leave his position as Head of Property at Fastighets AB Balder

Benny Ivarsson will leave his position as Head of Property at Fastighets AB Balder in fall of 2018. According to the company, Ivarsson will gradually complete the different projects which he is responsible for, in the field of property development, new production as well as various real estate transactions. He has worked as H...
Monday, 11. June 2018

Zsar appoints David Wilkinson as Centre Director

David Wilkinson, former director of Harrods and General Manager of Selfridges, and currently Executive Director of the department store Au Pont Rouge LLC in St. Petersburg, has been appointed as Chief Operating Officer-Centre Director for Zsar Outlet Village.
Monday, 11. June 2018

Charles B. Mobus leaves the Board of Radisson Hospitality AB

Charles B. Mobus has resigned from the Board of Radisson Hospitality AB (publ). At the same time, the company has entered into an investment banking advisory agreement with Benedetto, Gartland & company, Inc. Mobus is the Managing Partner of Benedetto, Gartland.
Friday, 8. June 2018

Ludwig Holmgren joins NREP

NREP has recruited Ludwig Holmgren, the Head of Capital Introduction at SEB, who brings more than 20 years of experience working across the spectrum of alternative investments in the Nordics.
Thursday, 7. June 2018

Scandic completes rebranding of Restel’s hotels

Scandic Hotels has completed the rebranding of Restel’s former Cumulus hotels to the Scandic-brand. In December 2017, Scandic acquired Restel’s hotel operations with 43 hotels and around 7,600 rooms, most of which were operating under the Cumulus brand. The acquisition gave the company a considerably stronger position in the ...
Wednesday, 6. June 2018

NRP Fund VIII completes second close of €33 million

NRP Fund VIII has recently completed its second close of €33 million from Norwegian investors, bringing total committed capital to approximately €86 million. In addition, the fund recently acquired six properties in Sweden, of which three are new-built logistics properties with a total area of 55,000 sqm to be delivered by Lo...
Wednesday, 6. June 2018