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» Chronological View: " Northern Europe " «

Hemsö acquires the Helsinki Court House for €200m

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...
Wednesday, 2. January 2019

CREDI indicates tightened access to debt for property companies

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 ...
Wednesday, 2. January 2019

Larger deals driving Nordic market close to record in 2018

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 ...
Wednesday, 2. January 2019

SRV sells the first office building of Pressi in Vantaankoski

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...
Tuesday, 1. January 2019

Castellum buys Säve Airport

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...
Tuesday, 1. January 2019

YIT’s subsidiaries merged into YIT Finland Ltd

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...
Tuesday, 1. January 2019

Nordea Liv sells property in Oslo suburb

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.
Thursday, 20. December 2018

Jollyroom establishes Nordic e-commerce warehouse at Castellum in Gothenburg

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...
Wednesday, 19. December 2018

YIT, HGR and their joint venture Regenero sell the Tietotie 6 property in Espoo

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.
Wednesday, 19. December 2018

Christian Sinding appointed new Managing Partner and CEO of EQT

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.
Monday, 17. December 2018

Hemfosa acquires healthcare properties

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’...
Monday, 17. December 2018

Norges Bank and TH Real Estate sell Manhattan office for $244m

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 ...
Friday, 14. December 2018

YIT to sign an agreement on an apartment and care project in Vantaa

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...
Friday, 14. December 2018

NPRO acquires a property at Hasle in Oslo

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...
Friday, 14. December 2018

Brunswick and Allianz provides €150m long term financing

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...
Friday, 14. December 2018

Catella, Söderberg & Partners in strategic partnership

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...
Friday, 14. December 2018

East Capital acquires Monyx Asset Management

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.
Thursday, 13. December 2018