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» Chronological View: " Norway " «

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

Corum AM enters Norwegian real estate market

France's Corum has, on behalf of its fund Corum XL, closed its first transaction in the Norwegian market, acquiring the recently developed Elverum retail park. The retail park in Kongsvinger comprises ca 11,180 sqm of retail space and the tenants include Rusta, Elkjøp, Power, Byggmaker, Europris and Thansen The property was a...
Monday, 25. November 2019

Norwegian Property with high activity and good demand in Q3

Norwegian Property has experienced another quarter with high activity and good demand in the office rental market in Oslo. The company has entered into contracts for NOK 33 million (c. €3.25 million) during the quarter. The cost base continues to fall and reflects the high operational activity and the steadily decreasing vaca...
Thursday, 24. October 2019

London tops Savills Investment Management’s Dynamic Cities index

London ranks first for the third consecutive year in the 2019 Savills Investment Management (Savills IM) Dynamic Cities index, followed by Paris, Cambridge, Berlin and Amsterdam. The index ranks those European cities with the best long-term commercial real estate (CRE) investment potential. Analysis accompanying the index hig...
Wednesday, 25. September 2019

CapMan acquires modern office property in Oslo from KLP

CapMan Nordic Real Estate II fund has acquired Brynsalléen 2, a modern office property located in Helsfyr/Bryn, Greater Oslo. Brynsalléen 2 is a 17,600 sqm office property located in Helsfyr/Bryn, one of the main office submarkets in Oslo. The property benefits from great access to public transport as well as the E6 motorway ...
Wednesday, 4. September 2019

KKR appoints Jan Baumgart as Head of Real Estate Germany

KKR today announced the appointment of Jan Baumgart as Director and Head of Real Estate Germany. He will be responsible for property and platform transactions in Germany, the Netherlands and Scandinavia, focusing on real estate assets with attractive growth prospects.
Tuesday, 3. September 2019

Tristan fund sells Norway retail portfolio to Ragde Eiendom for €160m

European Property Investors Special Opportunities 3 (EPISO 3), the opportunity fund advised by Tristan Capital Partners, has sold four retail parks and two land plots in Norway to Oslo-based Ragde Eiendom AS for c. €160m. The assets comprise Stoa Vest retail park in Arendal, which was acquired in 2016 . Four assets from the o...
Friday, 5. July 2019