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Global property investor Nuveen Real Estate has decided to develop its investment strategy to include a bigger number of sectors in its asset portfolios. This means that the company will look at investment in e.g. student housing and residentials in the Nordics.
While the Finnish property market has slowed down considerably in 2019, the Swedish market remains exceptionally strong. To date, properties worth SEK 75 billion have changed hands in what promises to be one of the best years ever in the Swedish market.
Blackstone subsidiary Onyx Sweden Holdco S.a.r.l. has acquired a portfolio of properties from listed Swedish company Corem Property Group for a total value of SEK 4.2 billion (EUR 397 million). The portfolio entails 30 properties, mostly warehouse and logistics, on 13 different locations in Sweden.
For many years, international investors were net sellers in the Nordic property market. That changed in 2017, a year when foreign buyers – representing both core and value-add capital – net invested more than EUR 10 billion in Nordic real estate. The next year, in 2018, the figure was EUR 6 billion. And so far in 2019, foreign buyers have net invested another EUR 1 billion. So, three consecutive years with large capital inflows. Why do we have this strong trend, and will it continue?