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Northern Europe

Diös divests properties for SEK 212 million

Diös has divested two properties in Sundsvall and Umeå in two transactions, with a total leasable area of 15,100 square meters. The sales price amounts to SEK 212 million. The transfers of ownership will take place in April 2024.
Friday, 22. March 2024

NPRO takes over all shares in ML 33

Norwegian Property’s subsidiary, NPRO Holding AS, has taken over all shares in ML 33 Holding II AS as of 18 March 2024, which indirectly owns the shares in the company that owns the property Martin Linges vei 33 at Fornebu. The shares have been taken over for NOK 1. NPRO Holding is 100% holder of junior bond loan extended to ...
Wednesday, 20. March 2024

CapMan sells residential property in Copenhagen

The CapMan Nordic Property Income Fund sells Søllerødgade 15-19, a well-located modern residential property in Copenhagen. The property, originally built in 2017, is located in a sought-after part of the Nørrebro area close to central Copenhagen. The fund acquired the property in 2020 and has now decided to exit the property ...
Wednesday, 20. March 2024

Christian Fladeland Appointed co-CEO at Heimstade

Christian Fladeland and Helge Krogsbøl will jointly serve as CEOs of Heimstaden AB. Fladeland will oversee Investments, Corporate Finance, and Capital Raising, while Krogsbøl will lead the Management Team, Group Operations, and the Country Organisations.
Wednesday, 20. March 2024

Revcap and Cobbleyard divested a logistics property in Vantaa

Revcap and Cobbleyard Real Estate divested a logistics property located at Niittytie 12 in Koivuhaka, Vantaa. The 6,400 sqm last-mile warehouse is single let with a long-term lease. Avance advises Cobbleyard Real Estate and its sponsors in the divestment of the warehouse property.
Monday, 18. March 2024

Balder and Serneke complete sale of building rights in Karlastaden

Yesterday, Fastighets AB Balder and Serneke Group AB completed the sale of approximately 151,000 square meters of building rights in Karlastaden to Gothenburg's public utility property group Förvaltnings AB Framtiden. The transaction was completed in accordance with what was announced on January 22, 2024 .
Thursday, 14. March 2024

Wihlborgs lets to „Laziza“ at Ideon in Lund

The Malmö-based Lebanese restaurant chain Laziza is opening a branch in Alfahuset (Studentkåren 2) at Ideon in Lund. The restaurant will be their first outside Malmö and a new element of the service offering in the tech-rich area. The restaurant in Alfahuset will open in August 2024 and will be Laziza’s largest restaurant to ...
Tuesday, 12. March 2024

Pictet and Brunswick divest Lindu Ejendomme to Blackstone

Lindu Ejendomme, a joint venture between Pictet Alternative Advisor and Brunswick Real Estate, divested the portfolio to entities owned by Blackstone-managed funds. The portfolio comprises 14 light industrial and warehouse properties in Greater Copenhagen with a total GLA of approximately 84,000 square meters.
Monday, 11. March 2024

Volvo Cars leases 15,000 m² at Sörred Logistic Park

Sörred Logistic Park in Hisingen, Gothenburg, continues to grow. Catena and Platzer have signed an agreement with Volvo Cars, with the intention that they will take on 15,000 m² of space at the Sörred 8:16 property.
Monday, 11. March 2024

Arbireo enters Scandinavian real estate market

Arbireo Capital AG has purchased a logistics property with a leasable area of ca. 45,000 square metres for the „Arbireo Special AIF: European Consumer Logistics“ fund which it manages. With the acquisition south-west of Copenhagen the company is entering the Danish and Scandinavian real estate market, at the same time expandi...
Friday, 8. March 2024

Heimstaden gets deferred purchase price from Fredensborg

Following Heimstaden’s sale of Heimstaden ehf. to Fredensborg AS in October 2023, Heimstaden has today been notified by Fredensborg AS about its entry into a binding purchase agreement with SRE III slhf. Upon transaction closure, Heimstaden will get the net deferred purchase price of approx. SEK 750 million in cash inflow, ba...
Friday, 8. March 2024

Total returns on property investments fell into negative territory in 2023

According to the Finnish KTI Property Index, the total return on properties owned by professional property investors fell to -2.7 per cent in 2023. The market values ​​of investment properties decreased by an average of 7 per cent. The annual net income turned up after a decline of almost a decade and was 4.6 per cent in 2023...
Thursday, 7. March 2024

UrbanLight acquires logistics facility near Helsinki

Alma Property Partners and Alea Partners acquired their first light industrial property in the Helsinki metropolitan area through a newly established joint venture called UrbanLight. The joint venture invests in logistics, last mile and light industrial properties located in key locations in the Helsinki metropolitan area. Th...
Wednesday, 6. March 2024

Catana acquires logistics facility in Hvidovre

Catena is acquiring a Danish property in Hvidovre, an investment of 420 million Danish kroner. The seller is Bulk Industrial Real Estate AS, and the tenant is Scan Global Logistics.
Wednesday, 6. March 2024

Elo buys two residential properties in Helsinki

Elo Mutual Pension Insurance Company has purchased two residential properties located in the districts of Töölö and Kallio in the inner city of Helsinki from Paavo Nurmi Foundation.
Tuesday, 5. March 2024

Deka Immobilien sells hotel to Sinoma

Deka Immobilien has sold a hotel in Gothenburg. The property belongs to the portfolio of WestInvest ImmoValue, an investment fund designed for institutional investors. Sinoma Fastigheter AB, a company owned by Swedish investor Balder and pension fund Folksam, has acquired the property. The parties have agreed not to disclose ...
Monday, 4. March 2024