Organizational Changes at Newsec Datea

Press Releases   •   May 02, 2018 14:15 CEST

The property asset management company, Newsec Datea, changes the leadership as Flemming Engelhardt, Head of Newsec Property Asset Management in Denmark, resigns. At the same time, 27 co-workers will leave the company. The management team will report to the Executive Chairman of the Board, Björn Lindeborg, and Executive Vice Chairman, Jesper Lok, until a new permanent solution is in place.

“Flemming has been instrumental to make this company into what it is today, leading it on the journey from an in-house property management department to a competitive company on an open market. Newsec Datea now faces a new challenge, transforming into a modern supplier of innovative services. The board has therefore started to look for the leader on the next leg of the journey”, says Björn Lindeborg, Head of Newsec Property Asset Management and Executive Chairman to the board.

Newsec Datea, acquired by Newsec in the summer of 2017, has identified areas of improvement over the past six months and are now working on implementing these, building an organization ready to meet market demands of the future.

“One conclusion is that our organization will look differently tomorrow than today. We will need new skill-sets and to change our ways of working. As a consequence of this, we have also come to the conclusion that we have to let some people go. It is never the wished for outcome but we believe this is the right thing to do if we want to stay relevant in the future”, says Björn Lindeborg.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic countries. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of some 1.3 million square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 140 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

The property asset management company, Newsec Datea, changes the leadership as Flemming Engelhardt, Head of Newsec Property Asset Management in Denmark, resigns. At the same time, 27 co-workers will leave the company. The management team will report to the Executive Chairman of the Board, Björn Lindeborg, and Executive Vice Chairman, Jesper Lok, until a new permanent solution is in place.

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Max Barclay New Head of Newsec Advisory

Press Releases   •   Apr 17, 2018 08:00 CEST

Max Barclay has been promoted to, on top of his responsibilities as Head of Newsec Advisory in Sweden, take overall charge of the Group’s Advisory business. Max has worked within Newsec for more than 20 years, has a strong commitment to the business and a wide network in the industry. Max is also Chairman of Urban Land Institute (ULI) in Sweden.

Newsec Partners with Nordea Life Assurance

Press Releases   •   Mar 12, 2018 08:00 CET

Newsec has concluded a comprehensive property management service agreement with Nordea Life Assurance Finland Ltd concerning two real estate portfolios. The arrangement includes a total of 42 business properties covering nearly 280,000 square metres, and more than 1,000 dwellings spread across 15 residential units.

Newsec will supply a broad and diverse service portfolio for these properties, including financial and rent management, leasing of business and residential premises, technical building management, company administration and project management services.

“The good reputation of Newsec in the property market and its ability to provide a very extensive and versatile service portfolio from a single source were major factors in our choice of property management partner,” explains Janne Sipilä, Real Estate Director, Nordea Life Assurance.

“We are delighted to embark upon this partnership, and it’s great to be involved in managing and developing the property portfolios of Nordea Life Assurance,” says Miro Karttunen, Head of Newsec Property Asset Management in Finland.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of some 1.3 million square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 140 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

Newsec has concluded a comprehensive property management service agreement with Nordea Life Assurance Finland Ltd concerning two real estate portfolios. The arrangement includes a total of 42 business properties covering nearly 280,000 square metres, and more than 1,000 dwellings spread across 15 residential units.

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What’s up with the Residential Market in the North?

Press Releases   •   Mar 07, 2018 07:00 CET

Over the past few years, the residential markets of the Nordic countries have been the subject of some speculation. This fall, the Swedish residential market quickly shifted from burning hot to lukewarm, leaving hesitant buyers, developers and politicians in its wake and before that, Norway showed a very similar development. In the midst of this, rumors can easily be mistaken for truths and fiction turn into fact. The latest edition of the Newsec Property Outlook takes on some of the most well repeated myths surrounding the Swedish residential market.

“The development on the Swedish market for residential properties has been incredibly strong over the past years and it is only natural that the growth rate should slow down at some point. This fall, we could clearly see anxiety spread through the market, making buyers, developers and politicians hesitant. This sentiment was further triggered by media reports and in that kind of environment, it can be easy to let go of critical thinking. In this report, we have analyzed a number of frequently repeated statements in order to sort out what is fact and what is fiction”, says Max Barclay, Head of Newsec Advisory in Sweden.

Newsec predicts that the latest development in the Swedish residential market will have a significant impact on the transaction volume in that segment in 2018. However, there are beneficial pre-conditions for larger structured deals, which can result in an overall transaction volume in par with 2017s levels.

Download the entire report to read more: newsec.com/npo

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of some 1.3 million square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 140 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

Over the past few years, the residential markets of the Nordic countries have been the subject of some speculation. In the midst of this, rumors can easily be mistaken for truths and fiction turn into fact. The latest edition of the Newsec Property Outlook takes on some of the most well repeated myths surrounding the Swedish residential market.

Read more »

Newsec Acquires Shares in Danish Advisory Company

Press Releases   •   Mar 05, 2018 07:00 CET

Since 2016, Newsec has had a franchise agreement with the Danish advisory company Newsec Egeskov & Lindquist and after almost two years of successful collaboration, Newsec now becomes one of its owners, thereby strengthening the position in the Danish market.

Newsec Establishes Pan-Nordic Sales Team

Press Releases   •   Feb 19, 2018 07:00 CET

In order to meet the increased interest from international investors for the Nordic market, as well as interest from Nordic investors to increase their international presence, Newsec establishes a Pan-Nordic sales team. The group, named Newsec International Business Team, consists of six advisors from all the Nordic countries. The team is led by Max Barclay, also Head of Newsec Advisory in Sweden.

In recent years, Newsec has seen an increased interest from international investors for the Nordic property market. It is mainly large institutional investors that view the Nordic region as relatively politically stable with high standards and an attractive financial climate.

"Annually we participate in a dozen international events and see an interest in the Nordic region. We  already work in several pan-Nordic assignments, including, Deutsche Bank, Amundi, Apollo and M&G. Through the Newsec International Business Team, we now take the next step towards becoming the natural partner for international players who want to invest in the Nordic region", says Max Barclay.

Newsec International Business Team will have continuous presence in London, New York, Paris and Hamburg, as well as at MIPIM and Expo Real. Newsec is also exclusive alliance partner to BNP Paribas Real Estate, member of ULI and has Sweden's only Sior-certified advisor.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some 760 000 square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

In order to meet the increased interest from international investors for the Nordic market, as well as interest from Nordic investors to increase their international presence, Newsec establishes a Pan-Nordic sales team. The group, named Newsec International Business Team, consists of six advisors from all the Nordic countries. The team is led by Max Barclay, also Head of Newsec Advisory in Sweden.

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Newsec advises OX2 on 357 MW wind farm transaction

Press Releases   •   Dec 19, 2017 07:00 CET

Newsec has acted as exclusive financial advisor to OX2 in the divestment of the large-scale Valhalla wind farm, to be located in the municipalities of Bollnäs and Ockelbo, in central Sweden. When built, the Valhalla wind farm is expected to be one of the largest in Europe.

OX2 divests the wind farm to Aquila Capital. The purchase agreement includes supply of a full-wrap EPC as well as technical and commercial management services for operation of the wind farm. The investment is supported by a power purchase agreement with a high-caliber offtaker. The wind farm is expected to be taken into commercial operation in 2020.

“The Valhalla transaction is a continued cooperation with Newsec, who has advised us successfully on several transactions over the last years”, says Paul Stormoen, Managing Director of OX2 Wind.

Valhalla marks Newsec’s 36th deal as M&A advisor within the sector since 2007. During the past five years, Newsec has advised on approximately 25 percent of all investment decisions on the Swedish and Norwegian wind power market.

“We are very pleased to be part of another successful cooperation with OX2 and Aquila Capital. While benefiting from joint learnings in previous deals, we have also worked hard together in achieving further optimizations in this large transaction”, says Omid Ashrafi, Head of Infrastructure and Energy, Newsec Advisory. 

Newsec – The Full Service Property House in Northern Europe – offers a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some 760 000 square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

Newsec has acted as exclusive financial advisor to OX2 in the divestment of the large-scale Valhalla wind farm, to be located in the municipalities of Bollnäs and Ockelbo, in central Sweden. When built, the Valhalla wind farm is expected to be one of the largest in Europe.

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Newsec Expands Collaboration with MEAG in Finland

Press Releases   •   Dec 13, 2017 07:00 CET

MEAG, Munich Re's asset manager and a long-term Newsec client in Sweden, expands the collaboration to Finland thereby becoming one of Newsec’s growing number of pan-Nordic clients.

The newly signed partnership agreement concerns a property of some 20 000 sqm in Helsinki and is a full-service assignment covering among other things leasing of the vacant premises. Newsec won the Finnish assignment thanks to a successful collaboration in Sweden.

“I’m very pleased that we are able to grow this partnership to one more Nordic country. We have had a successful collaboration in Sweden since 2012 and are thrilled to now be able to develop the relationship further together with our colleagues in Finland”, says Mattias Johansson, Head of Property Asset Management in Sweden.

“Together with Newsec, MEAG is developing the Waterfont office building in Stockholm into one of the most sustainable buildings in Sweden with a very high level of comfort for the tenants. In the building HTC Waterfont in Finland a similar user concept is to be established for the tenants”, says Volker Zinkl, Head of Real Estate Asset Management International.

“We knew about our Swedish colleague’s successful partnership with MEAG and were therefore very keen to be able to assist them also in Finland. We will do our very best to outperform the experience they’ve already had with Newsec in Sweden”, says Miro Karttunen, Head of Newsec Property Asset Management in Finland.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 1 700 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some 760 000 square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

MEAG, Munich Re's asset manager and a long-term Newsec client in Sweden, expands the collaboration to Finland thereby becoming one of Newsec’s growing number of pan-Nordic clients.

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Today's Solid Real Estate Market Faces an Uncertain Future

Press Releases   •   Sep 21, 2017 07:00 CEST

Over the last few years, the Swedish real estate market has been red-hot. Property prices have soared, transaction volumes have reached record-highs and the industry’s shares have developed well on the stock exchange. At the same time, many now see increased risks and uncertainties. The latest issue of Newsec Property Outlook focuses on potential concerns on the Nordic and Baltic real estate market and what might trigger a crisis. In the preface you can also read a macro economic analysis of the Swedish and global development, written by economist Klas Eklund.

Although Sweden's economy is on the rise, there are a number of aspects that could threaten the positive development. An uncertain fiscal position, threat of tightened bank policies, geopolitical turbulence and the risk of overproduction of the "wrong" kind of property, are all phenomena that could cause the Swedish real estate market to de-stabilise.

Since 2014, the Swedish transaction market has surpassed itself year by year and the first half of 2017 seems to follow a similar path and reach high levels, even though not in line with the record year 2016. Newsec does not yet see any weakening of the Swedish real estate market. Rather, the slightly lower half-year volume can be explained by a mismatch of supply and demand of attractive property.

"Our overall assessment is that the 2017 real estate year will be very strong, although with a slightly smaller volume than the record year 2016. Potential threats to the positive development could come from external factors, for example a significant international crisis, reversal bills or great changes in interest rate levels. But if only one or two of these occur, our assessment is that we are facing a slowdown rather than a crash. If several external events coincide, more dramatic consequences could become reality", says Max Barclay, Head of Newsec Advisory in Sweden.

The market report Newsec Property Outlook has been published since 2001. Newsec Property Outlook is a comprehensive and free report analysing the real estate market in Northern Europe, with a focus on the Nordics and Baltics. The report is a convenient tool for investors, property owners and local users.

Download the latest issue at www.newsec.com/

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services within Advisory and Property Asset Management. Newsec was founded in 1994 and is today a partner-owned company with some 2 000 co-workers spread across the seven Nordic and Baltic markets. Newsec has approx. EUR 39 billion under management and annually signs lease agreements of some 760 000 square meters, manages transactions of some EUR 3 billion and does real estate valuations of underlying property worth almost EUR 180 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

Property prices have soared, transaction volumes have reached record-highs and the industry’s shares have developed well on the stock exchange. At the same time, many now see increased risks and uncertainties. The latest issue of Newsec Property Outlook focuses on potential concerns on the Nordic and Baltic real estate market and what might trigger a crisis.

Read more »

Newsec acquires Danish DATEA

Press Releases   •   Aug 09, 2017 09:30 CEST

Newsec, the leading company within Property Asset Management and Advisory in northern Europe buys DATEA, Denmark’s market leader within commercial real estate. With this, Newsec solidifies the position in the Nordic market and offers further possibilities to work seamlessly across borders. The selling company, DADES, remains one of the biggest clients.

With the addition of DATEA, Newsec has some 1 400 co-workers, approx. EUR 39 billion under management, every year signs lease agreements of some 600 000 square meters, manages transactions of more than EUR 3 billion and does real estate valuations of underlying property worth more than EUR 100 billion per year. Newsec is present in all the Nordic and Baltic countries with a full-range offering to portfolio, as well as single project, clients.

Going forward, Property Asset Management services will be provided in Denmark under the Newsec brand as Newsec Datea and Flemming B. Engelhardt will be the head of that business. Newsec invests heavily in digitalization and new technology to stay ahead of competition and offer the best solutions to the local market.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services. Newsec was founded in 1994 and is today a partner-owned company with some 1 400 co-workers in 41 offices. Newsec has approx. SEK 370 billion under management and annually signs lease agreements of some 600 000 square meters, manages transactions of more than SEK 30 billion and does real estate valuations of underlying property worth more than SEK 1000 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

Newsec, the leading company within Property Asset Management and Advisory in northern Europe buys DATEA, Denmark’s market leader within commercial real estate. With this, Newsec solidifies the position in the Nordic market and offers further possibilities to work seamlessly across borders. The selling company, DADES, remains one of the biggest clients.

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