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» Chronological View: " Sweden " «

Sweden remains strong real estate investment market

The Swedish investment market shows few signs of stagnation, even though there is some uncertainty regarding the future development of the country's economy and the fact that the Swedish Riksbank, the federal bank, decided to initiate a hike of the repo rate, according to Savills. Rather the opposite was proven by the end of ...
Tuesday, 22. January 2019

Castellum recruits Investments Director from NCC

Linked to strong growth initiatives, Castellum has recruited a Investments Director and Vice-president with substantial experience from the real estate world. Carola Lavén joins the company from her previous role as Head of NCC Property Development, where she has also participated in the Executive team.
Tuesday, 22. January 2019

Fabege leases out 3,000 sqm in Hammarby Sjöstad

Following the news of President and CEO Christian Hermelin's resignation in December 2018, Fabege has now announced that it has signed agreements with two new customers in Hammarby Sjöstad regarding approximately 3,000 sqm. In 2019 the Swedish Institute (SI) and Region Stockholm will be moving into the properties Trikåfabrike...
Monday, 21. January 2019

Castellum sells entire portfolio in Sundsvall and acquires six properties in Linköping

Castellum has completed a major exchange transaction with Fastighetsaktiebolaget Lilium, acquiring six properties in Linköping for c. €159.8m (SEK1,638m) including costs and assessed deferred taxes of c. €8.5m (SEK87m). In return, Castellum will and sell twenty properties in Sundsvall for c. €323.9m (SEK3,321m) after deductio...
Monday, 21. January 2019

Jens Mathiesen named President and CEO for Scandic

The Board of Directors and CEO Even Frydenberg of Scandic Hotels Group AB (publ) have agreed that Even Frydenberg will leave his position as President and CEO of the company. The Board of Directors has resolved to appoint Jens Mathiesen as the new President and CEO. Jens Mathiesen is a member of Scandic’s Executive Committee ...
Friday, 18. January 2019

Catalyst Capital acquires €194 million of assets

Catalyst Capital has completed the acquisition of €194 million of high-quality retail assets in Sweden, Germany and Poland and an office development in Paris for its new Catalyst Core Plus European Property Fund (CCPEPF), a €1 billion “evergreen” real estate fund.
Thursday, 17. January 2019

Wihlborgs has two reasons to celebrate

Wihlborgs has two reasons to celebrate. The company has signed a lease in southern Helsingborg, thus reaching full occupation at the 5,300 m² Olympiaden 8 property, following a rapid change over of tenants. In addition, the company has appointed Magnus Prochéus as the new Regional Director in Malmö, who joins the company from...
Monday, 14. January 2019

New acting Managing Director for Castellum Stockholm-North

On Tuesday, January 8, 2019, Stefan Bergström will take up the position as acting Managing Director for Castellum Region Stockholm-North, until a new Managing Director is appointed. Stefan Bergström brings extensive experience from leading positions in international business development, including business area manager at Stu...
Monday, 7. January 2019

Swedish Land and Environment Court revokes city plan for Bromma Boardwalk

In March 2017, SSM acquired the Bromma Boardwalk project (part of the Vanderberg 9 property) from Niam V SIC Bostad Holding AB. The municipality of Stockholm finalized the city plan shortly after the acquisition, but the decision was overturned when neighborhood residents launched an appeal about the project.
Friday, 4. January 2019

Wihlborgs signs agreement with Volvo Cars for expansion in Lund

Wihlborgs has signed an agreement with Volvo Cars for an expansion of the company’s premises at the Ideon Science Park in Lund. Volvo is expanding its development operations in Lund considerably, from the current 2,000 m² to 7,000 m².
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

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

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

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

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