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» Chronological View: " Northern Europe " «

D. Carnegie & Co completes the acquisition of 749 apartments in Västerås

Blackstone's Swedish arm D. Carnegie & Co AB has on 4 April 2018 completed the earlier announced acquisition of four properties for c. €74.30m (SEK 765m) (before deduction for deferred tax amounting to SEK 31m) from Bostads AB Mimer. The portfolio comprise 749 residential apartments with a residential area of 52,400 sqm. The ...
Tuesday, 10. April 2018
Grosvenor aquires its sixth Swedish shopping centre

Grosvenor aquires its sixth Swedish shopping centre

Grosvenor Europe has aquired its sixth Swedish shopping centre Lidingö Centrum, in Stockholm. The 19,900 m² mixed-use scheme is located on the island of Lidingö, near the centre of Swedish capital. The centre serves as the dominant convenience destination on the Lidingö island and comprises 42 tenants, anchored by Coop, Syste...
Friday, 6. April 2018
Grosvenor aquires sixth shopping centre

Grosvenor aquires sixth shopping centre

Grosvenor Europe has aquired its sixth Swedish shopping centre, Lidingö Centrum, in Stockholm. The 19,900 m² mixed-use scheme is located on the island of Lidingö, 10 minutes’ drive from the centre of Stockholm. The centre serves as the dominant convenience destination on the Lidingö island and comprises 42 tenants, anchore...
Thursday, 5. April 2018

Skanska builds apartments in Jätkäsaari for €41,5m

Skanska has signed an agreement with the city of Helsinki to build 223 apartments in Jätkäsaari. The contract is worth €41,5m, (c. SEK 415m), which will be included in the order bookings for the first quarter of 2018. The four parts of the housing project located in central Jätkäsaari will together form a block of its own a...
Wednesday, 4. April 2018

Aberdeen Standard Investments launches first pan-European housing fund

Aberdeen Standard Investments has launched a European Residential Property Fund supported by cornerstone investor Pensioenfonds Metaal en Techniek (PMT) and its fiduciary manager, MN. Initial investments in excess of €350 million have been received from eight investors in The Netherlands, Switzerland, and Luxembourg.
Wednesday, 4. April 2018

Europa Capital and Keystone Investment sell fourth residential building in Copenhagen

Europa Capital and Keystone have completed on the corporate sale of a block comprising 66 newly built residential units in the Copenhagen suburb of Valby to Formuepleje Ejendomme. In September 2015, Europa Capital made a commitment to the purchase of 367 residential units across five buildings in Copenhagen from DFE. Sales of...
Wednesday, 4. April 2018

Starwood Capital makes an offer to Victoria Park shareholders

Starwood Capital Group through a controlled affiliate Goldcup (under name change to Starlight Residential AB), has made a public cash offer to the shareholders of Victoria Park AB, to tender all their shares to Starlight Residential. The shares in Victoria Park are listed on Nasdaq Stockholm. Starlight Residential offers c. €...
Wednesday, 4. April 2018

RIM and Premico invest in 1,594 rental apartments in Finland

RIM and Premico invest in a joint venture together with a real estate fund advised by Morgan Stanley Real Estate Investing (MSREI) in a portfolio of 40 residential properties. The portfolio is comprised of 1,594 apartments whereof the majority are located in southern Finland. The portfolio of residential properties is located...
Tuesday, 3. April 2018
Grosvenor Europe plans new fashion street at Skärholmen Centrum

Grosvenor Europe plans new fashion street at Skärholmen Centrum

Grosvenor Group announced a new fashion street at Skärholmen Centrum in Stockholm. A series of new signings have been introduced as part of this, including H&M’s new discounted fashion and lifestyle brand, Afound, Vero Moda and Jack Jones.
Tuesday, 3. April 2018

H.I.G. Capital invests in logistics assets

One of H.I.G. Capital's affiliates has recently completed the acquisition of a 48,000sqm logistics portfolio in Denmark. Terms were not disclosed. H.I.G. continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a particular focus on its target m...
Tuesday, 3. April 2018

Lundbeck divests site in Valby to NCC Property Development

Catella Corporate Finance acted as exclusive financial advisor to Lundbeck in completing the strategic divestment of former Lundbeck headquarter properties in Valby in Copenhagen. The sale of the site to NCC finalizes a two-step divestment process securing new investments in Valby in the range of c.€2 million (DKK 1.5 billion...
Thursday, 29. March 2018

NRP Fund VII now fully funded and fully invested

NRP Fund VII and is now fully invested with a portfolio of €560 million in Nordic commercial property, of which a large share invested in logistics. New Fund VIII has already raised €50 million.
Thursday, 29. March 2018

SRV sells Helsinki residential towers and develops in Espoo

SRV and LocalTapiola have signed an agreement on the sale of two residential towers located in the block of Lapinmäentie 1 in Munkkivuori, Helsinki. Moreover, the company has been selected to implement a comprehensive school and day-care centre project valued at about €33 million in Leppävaara in Espoo.
Wednesday, 28. March 2018

Pandox AB divests hotel property in Kiruna

Pandox has entered into an agreement to divest the hotel property Hovmästaren 1 (Scandic Ferrum) in Kiruna for c.€327.13 m (MSEK 286), which is line with latest valuation. The buyer is the state-owned mining company Loussavaara-Kirunavaara AB (LKAB). The date of transfer is planned to 1 December 2018.
Wednesday, 28. March 2018
Babyshop is expanding central warehouse in Jönköping

Babyshop is expanding central warehouse in Jönköping

The logistics property in Stigamo is now expanding with Babyshop as tenant. The area of the facility will duplicate with an additional 22,550 sqm. In connection to the development, the logistic property provider Logicenter's leasing agreement with Babyshop is extended. In June 2017, Logicenters acquired the property in Stigam...
Tuesday, 27. March 2018
Axa IM acquires prime retail and office asset Kluuvi in Helsinki from CBRE GI

Axa IM acquires prime retail and office asset Kluuvi in Helsinki from CBRE GI

AXA Investment Managers - Real Assets has completed, on behalf of one of its clients, the acquisition of the Kluuvi retail and office asset in the centre of Helsinki. The 18,600 sqm seven-storey asset is spread across five separate buildings, with interconnected floors between the basement level and third floor, which compris...
Tuesday, 27. March 2018

NCC’s new CEO Tomas Carlsson to take over on May 7

Tomas Carlsson, who has been appointed as the new President and CEO of NCC, will assume the position on May 7, nearly two months earlier than planned. Tomas is currently employed at the listed architecture and engineering consultancy Sweco. He previously worked at NCC for nearly 20 years, most recently as the Head of NCC’s co...
Tuesday, 27. March 2018