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» Chronological View: " Northern Europe " «

Triuva buys for a billion

Triuva buys for a billion

The billion is reached: Trivua Kapitalverwaltungsgesellschaft mbH, on behalf of a German pension fund, has acquired the New Office Düsseldorf development project from Strabag Real Estate GmbH (SRE) in an off-market transaction. The total investment amount is approx. €200 million. In addition, the asset manager has acquired a ...
Friday, 22. December 2017
Patrizia sells mixed-use commercial property in Oslo

Patrizia sells mixed-use commercial property in Oslo

Patrizia Immobilien has sold a mixed-use retail and office property in central Oslo to CapMan Real Estate. The property is located on Lille Grensen, a well-known pedestrianised street in the heart of the Norwegian capital’s city centre. The sales price is not disclosed.
Friday, 22. December 2017

World's biggest sovereign fund enters Asian property market

Norges Bank Real Estate Management has signed an agreement to acquire a 70 percent interest in five properties in Tokyo, Japan, in a joint venture with a new partner, Tokyu Land Corporation. The seller is Veloqx Group. The agreement was signed on 7 December 2017, and is scheduled to be completed at the end of December.
Friday, 15. December 2017

AXA IM - Real Assets acquires 909-unit residential portfolio for c. €130 million

AXA IM - Real Assets has acquired a residential portfolio for circa €130 million, on behalf of two of its sponsored funds invested in line with AXA IM - Real Assets' core strategy. Totalling 909 modern rental apartments, comprising a mixture of freehold and leasehold properties, the portfolio spans 22 buildings, nearly 90% of...
Friday, 15. December 2017

Kungsleden rents out 1,400 sq.m in Kista One

Kungsleden has signed a lease agreement with Sandvik Coromant of 1,400 sq.m. in the profile property Kista One. The property is very up to date and modern and some of its well-known tenants are Enea, Permobil, Regus, the Comfort chain, Life and Holy Green. The Kista area is a cluster within ICT and a spot for innovation and d...
Friday, 8. December 2017

Balder acquires property in Göteborg

Fastighets AB Balder has acquired the retail property 421, Göteborg Högsbo 23:4, for a net value of €72.89 million (SEK 728 million). The property is located in Högsbo about 6 km south of central Gothenburg and has a lettable area of 33,000 sqm. The largest tenant is ICA Maxi which represents approximately 40 % of total renta...
Friday, 8. December 2017

NCC builds factory expansion in Vantaa

NCC has signed a contract to build a factory expansion in Vantaa for Murata Electronics Oy. The project is a design and build contract and the value is approximately €36.5 million (SEK 365 million). The factory expansion comprises 10,177 gross square meters. A separate contract has already been signed for a parking lot, which...
Friday, 8. December 2017

Corum Asset Management buys retail asset in Pori

Corum AM has, on behalf of its fund Corum Convictions SCPI, closed its first transaction acquiring the recently constructed retail asset at Horninkatu 1 in Pori for approx. €9 million. Renger Investment Management (RIM) is increasing its presence within the Nordic real estate market through its strategic cooperation with Coru...
Thursday, 7. December 2017
NCC carries out major hospital project in Oulu

NCC carries out major hospital project in Oulu

NCC has been selected as the construction partner for a hospital project in Oulu. The project includes two new buildings – a women’s and children’s hospital, and the first phase of a new main hospital. The customer is the Joint Municipal Authority of the Health Care District of Northern Ostrobothnia. The total order value is ...
Monday, 4. December 2017

Helsingborg renews Peab’s contract for operations and maintenance

Peab has once again been given responsibility for operations and maintenance in Helsingborg, operational areas Center and Shore. The customer is the city of Helsingborg and the contract is worth around €30.34 million (SEK 300 million) divided into six years with an option for a further three years. The contract starts on 1 Ma...
Tuesday, 28. November 2017

M7 closes largest fund at €400m

M7 Real Estate has completed the final close of its fourth European investment fund M7 European Real Estate Investment Partners IV. The fund has total capital commitments of €400 million raised from a wide investor base. With over 30 investors, M7 has broadened its investor base which includes two major US investors and a n...
Monday, 27. November 2017

Catella Wohnen Europa investment fund acquires project developments

Catella Residential Investment Management GmbH (CRIM) has acquired two project developments for the Catella Wohnen Europa investment fund: one in Bremen and the other in Aarhus. The total purchase price of the 25,000 m² portfolio was around €88.6 million.
Monday, 27. November 2017

Kielo acquires office building portfolio in Jyväskylä

The recently established Kielo has made its second Finnish investment, acquiring an office portfolio from the property company Technopolis. The properties are located in central Jyväskylä and comprise approximately 49,000 square meters of modern office premises. The acquisition also includes the current Technopolis management...
Friday, 24. November 2017
3XN completes the Royal Arena in Copenhagen

3XN completes the Royal Arena in Copenhagen

Large stadiums and music venues are often placed in the outskirts of cities, but not in Copenhagen. Royal Arena, a 35.000 square metre venue, has just opened in the middle of a residential area, and is designed by 3XN Architects together with HKS to be a good neighbour.
Friday, 24. November 2017

Incit changes its name to Aareon

The Scandinavian Aareon subsidiaries Incit AB, Sweden, and Incit AS, Norway, will operate under the umbrella brand Aareon from now on.
Wednesday, 15. November 2017