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FOUNDATION RECRUITMENT STRENGTHENS MANCHESTER TEAM

Specialist recruiter for the real estate sector, Foundation Recruitment has strengthened its Manchester team. Stephanie Rathgeber joins the business with immediate effect as an additional consultant focusing on the shopping centre management arena.

A graduate in Politics and International Relations from the University of Manchester, Stephanie brings an eclectic mix of skills and life experiences to the property...

NASDAQ OMX extends lease with Fabege

NASDAQ OMX has made the decision to remain as a long-term tenant in the Ladugårdsgärde 1:48 property, in Norra Djurgårdsstaden. NASDAQ OMX, which rents most of the property together with SalusAnsvar, is extending its lease up to 2020, based on an annual rent of SEK 66m. The new agreements also entail that NASDAQ OMX will be relinquishing part of its current office space, approximately 5,800 sqm, thus creating...

Fabege welcomes a hotel unlike any other to Hammarby Sjöstad

Fabege has signed a 15-year lease with the Tastsinn Group. The lease pertains to a newly built hotel in Hammarby Sjöstad at an annual rent of slightly more than SEK 17m. The hotel will comprise 7,000 sqm of floor space and encompass 228 rooms. It is scheduled to open in the first half of 2014.

“The Tastsinn Group is already a tenant of Fabege and we have a great deal of faith in its new concept of efficient hotels...

Fabege invests SEK 183m in Arenastaden

Fabege acquires the Farao 8 property from Sireo Immobilienfonds, Luxembourg. The rental value amounts to SEK 15m and the occupancy rate to 30 per cent on the date of acquisition. Possession takes place on 24 November 2011.

The property, which is located on Dalvägen in Arenastaden, is a modern structure built in 2001. It comprises five storeys above ground and a two-storey underground parking garage. The total area...

Svea Ekonomi to lease Fabege property in Arenastaden

Fabege has signed a six-year lease agreement with Svea Ekonomi in Sjökvarteret, Arenastaden, Solna. The leases applies to 10,195 square metres of office space. The property is scheduled to be handed over at the end of 2012.

In the first phase, Fabege is developing Sjökvarteret, consisting of 25,000 square metres, which is part of the Uarda 1 property in Arenastaden. To meet the considerable demand for offices in...

Fabege sells property in Märsta

Fabege has divested the Märsta 15:5 property for a sales consideration of SEK 30m. The property comprises 90,000 sqm of undeveloped land. The purchaser is Sigtuna Municipality.

The purchaser will gain access as soon as the Municipal Council’s decision becomes legally effective.

The sale will generate an after-tax gain of SEK 14m, which will be recognized in profit during the second quarter of 2011.

“Owning...
 

Swedish Football Association to relocate to Arenastaden, Solna

Fabege has signed a 15-year lease with the Swedish Football Association (SFA) pertaining to the Uarda 1 property in Arenastaden, in Solna outside Stockholm. The agreement encompasses about 4,550 sqm of office and production space, and occupancy is scheduled for November 2012.

The property, which will be fully renovated and have three floors added, is part of Fabege’s development project in Arenastaden.

“We are...

Desmarais Energy Bets on Barrhead, Expands Land Holding

Calgary, Canada – Desmarais Energy Corporation (TSXV: DES) announced at the close of trading Tuesday that it extended its land holding at Barrhead by 1120 acres, bringing the total property under control to more than 15,700 net acres.

A number of drilling locations for both oil and gas targets have been identified with this acquisition, though no further details were released, accept that the decision to bid on the...
 

Fabege sells property in Ulvsunda

Fabege has sold the Induktorn 33 property in Ulvsunda, Stockholm, for SEK 100m. The purchaser is the Stockholm city. The property comprises approximately 17,000 sqm of lettable area, primarily industrial/warehouse premises. The City intends to construct a new road through the property.

Preliminarily, the purchaser will gain access to the property on 30 June 2011. A precondition for access is that the City Council’s...

What Makes A Great Real Estate Agent?

The first answer I got to this question was: communication! Many real estate agents don’t take the time to call back or listen properly to what their clients want. As for those real estate agents who are great communicators, who do return calls and stay in regular contact, their efforts inevitable pay off. The result is not only a signed contract but also gushing referrals to friends, family and colleagues! At the...