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» Chronological View: " Norway " «

SBB acquires preschool portfolio for NOK 4,250m

Samhällsbyggnadsbolaget I Norden AB acquires a larger portfolio of preschools from the Norwegian company Laeringsverkstedet, where Laeringsverkstedet is also the tenant, for an agreed property value of NOK 4,250m. The annual rental income for the 138 properties included in the transaction (approx. 114,000 sq m of building spa...
Friday, 3. July 2020

Lower activity as momentum turns

Transaction volumes in the Nordic property market reached €15.5 billion in the first half of 2020, which is 15 percent lower than the same period last year, as expected. After a strong first quarter, activity dropped more than 40 percent in the second quarter, according to new figures from property advisor Pangea Property Par...
Tuesday, 30. June 2020

NPRO: Norwegian Property acquires Veidekke Eiendom together with partners

Norwegian Property, through NPRO Holding AS, buys Veidekke Eiendom together with Fredensborg AS and Union Real Estate Fond III Holding AS. NPRO and Fredensborg will be equal partners with 42.5% each, and Union will own 15%. In total, the investor group becomes 100% owners of Veidekke Eiendom AS and Veidekke Eiendom AB.
Friday, 26. June 2020

Strong Q2 expected for European multifamily investment

European multifamily investment activity is expected to remain strong in Q2 and could surpass €22bn for H1 2020, similar to 2019 levels, the second highest year on record, according to Savills latest research. This is driven by investor confidence in the sector’s fundamentals, including increasing urbanisation, smaller househ...
Wednesday, 24. June 2020

Logicenters continues investment in Vestby with new land acquisition

Logicenters is now scaling up and expanding its presence in Vestby with a new land acquisition in the area totalling 27,000 m². The logistics property company is then expected to develop a logistics facility of approximately 13,500 m² at the newly acquired site, which is centrally located in Vestby Business Park.
Tuesday, 19. May 2020

Skanska picked for eco-friendly care homes in Bergen

Skanska has signed a contract with the Municipality of Bergen to build Åsane care home in Bergen. The contract is worth NOK 370m. Construction is expected to start in June 2020 with completion in September 2022.
Friday, 1. May 2020

Scandic proposes to cancel dividend for 2019

At an extraordinary Board meeting held on March 16, 2020, the Board of Directors of Scandic Hotels Group AB resolved to withdraw its earlier dividend proposal to the Annual General Meeting of 3.70 SEK per share due to the current uncertainty in the company’s business situation. In addition, the Board resolved to postpone the ...
Tuesday, 17. March 2020

Skanska sums up 2019 operations on European office market

The biggest office developer in Europe sold 9 buildings for over EUR 545 million and leased more than 171,000 sqm* in 16 city markets. Skanska remains a leader on the European real estate scene and strongly believes in the markets where it is already present. The company plans to sustainably develop its business going forward...
Thursday, 5. March 2020

Skanska signs contract with Arctic Student Welfare Organization

Skanska has signed a contract with The Arctic Student Welfare Organization to build new student housing in Svalbard. The contract is worth NOK 310m (c. €30.7m) which will be included in the Nordic order bookings for the first quarter 2020.
Wednesday, 12. February 2020

Skanska invests €46.2m in Ensjø Torg

Skanska invests NOK 470m (c. €46.2m) in the next phase of the residential project Ensjø Torg in Oslo. The development „Tigergården“ is the sixth out of seven phases. Construction started in January 2020 and will be completed in October 2022. The company started the building of Ensjø Torg project in 2017, and it will consist o...
Friday, 7. February 2020

New records expected on very strong Nordic real estate market

Despite weaker economic growth, the Nordic property market is expected to continue its positive trend in 2020. In particular, the Swedish market is hotter than ever and foreign capital continues to flow into the region. Several previous records are about to be broken and there is a clear portfolio premium in the market, accor...
Wednesday, 5. February 2020

Storebrand acquires Scandic Helsfyr from Eiendomsspar

Storebrand Eiendomsfond Norge KS (SEN KS) acquires Scandic Helsfyr in Oslo from Eiendomsspar for NOK 1,1bn. Scandic Helsfyr is being expanded and will become Scandic's largest hotel in Norway when it is completed in the fall of 2020, with a total of 450 rooms.
Friday, 10. January 2020

Genesta sells Copenhagen office asset for €190m

Genesta, acting on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II), has sold an office property located at Kalvebod Brygge 32 in central Copenhagen to the Swedish listed real estate company Klövern for €190m (DKK 1 420 million). Last week, the asset manager has also sold the office property Mariboes gate 13 in cen...
Thursday, 19. December 2019

Genesta sells office property in Oslo to Malling & Co Eiendomsfond

Genesta has sold the office property Mariboes gate 13 in central Oslo to Malling & Co Eiendomsfond. The company first acquired the property on behalf of GNRE Fund II during the summer of 2017. Under Genesta’s management the asset has undergone a refurbishment and rebranding in order to appeal to tenants looking for modern and...
Friday, 13. December 2019