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Hemsö is acquiring the Helsinki Court House for approximately €200 million. The largest tenant is the Finnish state. The property has been customised for the Ministry of Justice and is located in Ruoholahti in central Helsinki. The building currently accommodates several tenants with a direct or indirect link to the justice s...
In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as ...
2018 was another active year in the Nordic property market, as average transaction size increased, and inflow of foreign capital continued to be strong. According to new figures from Pangea Property Partners, transaction volumes in the Nordic property market reached €42 billion in 2018, virtually unchanged from 2017. 2018 is ...
SRV has signed an agreement with the Julius Tallberg Real Estate Corporation on the sale of the first office building of Pressi Smart Premises. The office building will be completed in Vantaankoski at the end of this year, and the first tenants will move into their new premises in early 2019. The sale price will not be publis...
Castellum sees the acquisition as a unique possibility to further propel the expanding logistics market in Gothenburg. Through this acquisition, Castellum thereby assures logistics expansion in Sweden’s strongest logistics market. “We’ll have a fantastic land bank to build on for several years ahead in Gothenburg, Sweden’s be...
YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. In the next stage of the merger on January 1, 2019, our subsidiaries YIT Infra Oy and YIT Talo Oy merged into YIT Construction Ltd. Immediately after the merger, YIT Construction Ltd was renamed as YIT Finland Ltd. YIT Finland Ltd will continue the curre...
H.I.G. Capital has recently completed three transactions in Norway, acquiring high quality office assets totaling c. 100,000 sqm. Terms were not disclosed.
Nordea Liv has sold care homes and a business area in Sandvika, just outside Oslo, to UBS (CH) Property Fund Europe. The sale price for the two properties amounts to c. €43.4 million (NOK 430 million). The investment in Sandvika is the first move by the UBS fund in Norway. Newsec has acted as advisor to Nordea Liv.
Castellum is starting new construction – Step 2 – of the Hisingen Logistics Park, strategically situated near the harbour. Upon Step 2 completion, the 65,000 sq. m. logistics park will become one of the largest Nordic logistics facilities, maintaining a highly modern standard for wholly automated storage. The Jollyroom e-comm...
YIT, HGR Property Partners and their joint venture Regenero have sold the Tietotie 6 property they owned in Otaniemi, Espoo to Special Investment Fund eQ Care (AIF). The lettable area of the property is approximately 26,000 square metres. The parties have agreed not to disclose the purchase price.
EQT announced that Christian Sinding, Deputy Managing Partner and Head of EQT Equity, has been appointed Managing Partner and CEO of EQT. Thomas von Koch has, after five successful years as Managing Partner and CEO, decided to step down and assume a new role within EQT. These changes are effective as of January 1, 2019.
Hemfosa has acquired three modern healthcare properties in Stenungsund Municipality, Uddevalla Municipality and Vänersborg at a total property value of approximately c. €10.5m (SEK108m). The acquisitions are a good complement to the existing portfolio and strengthen the cooperation with Region Västra Götaland, one of Hemfosa’...
The partnership between Norges Bank Real Estate Management and TH Real Estate has signed an agreement to sell an office property located at 470 Park Avenue South in New York. The agreement was signed on 12 December 2018, with completion expected on 19 December 2018. Norges Bank Real Estate Management will receive 122 million ...
YIT has signed contracts on an apartment building project and a care project in Finland. The value of the contracts is approximately €27 million in total, and they will be booked in the order backlog for the fourth quarter of 2018. The company and the OP-Rental Yield special fund have signed a deal on constructing a rental ap...
Norwegian Property has entered into an agreement to purchase “Vinslottet” (former facilities of “Vinmonopolet” at Hasle in Oslo). Sellers are Profier AS and Hasle Utvikling AS which is owned by Höegh Eiendom AS. Once the ongoing refurbishment is finalized, the property will consist of 8,810 sqm gross area with restaurants, se...
Brunswick Real Estate and Allianz Real Estate have signed a MSEK 1,560 (€150) credit facility to finance investment grade rated Atrium Ljungberg (publ), one of Sweden´s biggest listed property companies. The loan is backed by Gränbystaden Galleria (Marknadsgatan 1) with over 70 shops and c. 7 million visitors per year. The un...
Catella Bank S.A. has entered an agreement to divest 51% of the Wealth Management operations in Sweden to Söderberg & Partners for approximately SEK 36 million (c. €3.5 million). Catella’s ownership in the joint venture structure is expected to generate positive cash flow which is an important part of the value of the transac...
East Capital Holding acquires Swedish fund management company Monyx, consisting of Monyx Asset Management and Nordic Fund Services S.A. from its owner NewCap Holding A/S. Monyx manages more than €3bn in Nordic and global equity and fixed income funds and will remain as a separate entity within the group.
