Newsec Acts as Advisor in Shopping Center Deal Worth 47 million Euros

Press Releases   •   Dec 07, 2018 07:00 CET

Newsec has acted as the advisor in the sale of the RYO shopping center in Panevezys, Lithuania. The total retail space of 24,2 thousand sqm currently houses 132 tenants. The Finnish family owned company Pontos, sold the shopping center to EfTEN Real Estate Fund 4 for 47 million Euros, making it one of the largest real estatetransactions in the Baltics this year.

RYO is a thriving example of the positive impact of active, long-term ownership in the RE business. The shopping centre underwent a complete modernisation over a period of seven years in collaboration with the local operator. Contracts with new anchor tenants were confirmed, the shopping centre was expanded, its building services were brought up to date and the entire commercial image was refreshed. All retail spaces have been let since the modernization and the rental revenues of RYO have shown a steady increase over the years. RYO has boldly established its market position as the leading shopping centre in Panevezys.

“Today, when there is uncertainty concerning the future of retail stores due to the growing impact of e-commerce, it is important to emphasize the key difference of the Baltic markets where consumer spending is among the lowest in Europe, while consumption growth is one of the highest. Our statistical data shows that retail stores in small towns often demonstrate better results than some of their counterparts in the capitals. All these factors offset the impact of e-commerce“, says Neringa Rastenyte-Janciuniene, Head of Capital Markets, Newsec Advisory in the Baltics.

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. In 2018, Newsec opened a London office to assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of approx. 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 acted as the advisor in the sale of the RYO shopping center in Panevezys, Lithuania. The total retail space of 24,2 thousand sqm currently houses 132 tenants. The Finnish family owned company Pontos, sold the shopping center to EfTEN Real Estate Fund 4 for 47 million Euros, making it one of the largest real estatetransactions in the Baltics this year.

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Newsec advices the City of Helsinki in 165 million Euro Sale and Leaseback Arrangement with Union Investment

Press Releases   •   Dec 04, 2018 12:00 CET

Today, the City of Helsink signs a sales agreement for the Urban Environment House located in Kalasatama, Helsinki. The property currently under construction is acquired by Union Investment Real Estate GmbH via a forward purchase agreement. The purchase price for the asset consisting of 27,500 sqm leasable area is 165 million Euros. At the same time, the City of Helsinki has signed a 20-year lease for the entire building.

The property is expected to receive a BREEAM rating of “Excellent” as proof of its high sustainability credentials and construction quality. Newsec has acted as the vendor´s advisor in structuring and executing the transaction since the preparation phase. It was important for the City to ensure achieving both the best price and an affordable rent level. Also as a public entity, the City valued a transparent and market-driven process.

HPP Attorneys Ltd acted as the City’s legal 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 countries. In 2018, Newsec opened a London office to assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of approx. 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

Today, the City of Helsink signs a sales agreement for the Urban Environment House located in Kalasatama, Helsinki. The property currently under construction is acquired by Union Investment Real Estate GmbH via a forward purchase agreement. The purchase price for the asset consisting of 27,500 sqm leasable area is 165 million Euros.

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Newsec Advises on the Sale of a 89,000 sqm Retail Portfolio on Lease to Silvan

Press Releases   •   Nov 28, 2018 07:00 CET

Newsec Advisory was in early 2018 appointed by the previous owner of Stark Group (previously DT-Group), Ferguson plc, to advise on the valuation and strategic exit opportunities of their property portfolios in Denmark, Norway, Sweden and Finland. Newsec has, thanks to a cross-border platform and with the support of alliance partner BNP Paribas Real Estate, executed the sale of 40 individual properties. The various transactions were completed within the past 8 months, with the Silvan portfolio being closed as the last major transaction of the overall divestment.

The Silvan portfolio consisted of 18 retail properties and one plot of land, located across Denmark, with the majority located within the Greater Copenhagen area. Comprising a total gross lettable area of 89,000 sqm. The recent sale leaves two properties still unsold, out of 42 properties. We expect to have completed the sale of Ferguson’s entire Nordic property portfolio by the end of the year.

“Ferguson has valued Newsec and BNP Paribas’s advice and support in connection with our divestment of a substantial and complex property portfolio across Scandinavia. The process was handled professionally and executed in a timely manner. We are very pleased with the outcome and appreciate that a lot of that success is down to the team that managed the process for us,” says Robert Goldsmith, Deputy General Counsel, Ferguson.

Sold to an international entity advised by Pears Global Real Estate

The Silvan portfolio included individual properties with long term development potential and all properties are on lease to Silvan on various length lease contracts. The size and structure of the portfolio resulted in significant investor interest, in particular from international investors, and was eventually sold to an entity who understood the long-term potential of the portfolio. The final purchase price is undisclosed, but the share deal included a booked value of land and buildings amounting to DKK 387m.

Strong Pan-Nordic Newsec Team

The complexity of the Ferguson property portfolio, the multitude of transactions across the Nordics and the speed of execution illustrates the strength of Newsec’s pan-Nordic platform. The advisory mandate required a precise and thorough analysis of the property portfolio and underlying values, enabling Ferguson to make the best strategic decision.

“The process has been interesting on many levels, and once again highlights the value-add of our close collaboration between the Nordic Newsec offices. The set-up provided Ferguson with a high level of comfort and helped facilitate a high transaction tempo,” says Brian Tretow-Loof, Head of Capital Markets, Newsec Advisory in Denmark, and continues:

“Our 360-advisory platform, spanning from valuation, occupier advise, rent analysis to exit strategy negotiations, has once again proved valuable and resulted in a successful divestment for Ferguson. One of the challenges with the Silvan portfolio has been the exposure to retail. However, a structured approach to both Danish and international investors has ensured that the optimal investor was identified.”

Ferguson has received Danish legal advice from Klar Advokater

“The collaboration between Newsec Advisory and KLAR Advokater on the divestment process has been carried out both smoothly and top professionally to the success of Ferguson. This divestment process also illustrates KLAR Advokater’s strength and capability of executing transactions of this size and complexity”, says Thomas O. Q. Krüger, Partner and attorney-at-law at KLAR Advokater.

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. In 2018, Newsec opened a London office to assist international investors interested in the Nordic and Baltic region. Newsec has approx. EUR 37 billion under management and annually signs lease agreements of approx. 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 was in early 2018 appointed by the previous owner of Stark Group (previously DT-Group), Ferguson plc, to advise on the valuation and strategic exit opportunities of their property portfolios in Denmark, Norway, Sweden and Finland. Newsec has, thanks to a cross-border platform and with the support of alliance partner BNP Paribas Real Estate, executed the sale of 40 individual properties.

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Former International Director of JLL to front UK presence of largest Nordic property asset manager

Press Releases   •   Sep 19, 2018 13:00 CEST

The Nordics’ and Baltics’ largest property asset management firm, Newsec, is to open a London office for the first time, to represent the business in the UK following rapid expansion in the region over the last two years.

Newsec Property Outlook Autumn 2018: A Nordic Love Story

Press Releases   •   Sep 19, 2018 07:00 CEST

The latest issue of the Newsec Property Outlook analyzes data on Nordic and international investors. The data clearly shows that domestic investors are experiencing increasing competition from their neighboring countries.

Geely Innovation Centre in Europe Chooses Newsec as Partner for Urban Development Project in Gothenburg, Sweden

Press Releases   •   Sep 18, 2018 07:00 CEST

Zhejiang Geely Holding Group (“Geely”) is taking its development of innovative solutions for future mobility to the next level by constructing the Geely Innovation Centre in Europe at Lindholmen, Gothenburg. In this strategically important project that will bring benefits to the Swedish automotive industry and beyond, Newsec has been chosen as the main business advisor and key partner.

Euromoney ranks Newsec as the best advisory company in the Nordics and Baltics

Press Releases   •   Sep 17, 2018 07:00 CEST

In its annual survey, the international magazine Euromoney ranks Newsec as the top advisory company in the Nordic and Baltic region. This is an improvement from last year’s third place and a receipt of Newsec’s investment in building a cross border platform in the region.

“For a number of years, we have worked with a strategy to offer our clients a seamless platform across the Nordic and Baltics and we always strive for excellence and innovation in the work we do. These results clearly show that our efforts have paid off and we are improving our position across the board”, says Max Barclay, Head of Newsec Advisory.

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

In its annual survey, the international magazine Euromoney ranks Newsec as the top advisory company in the Nordic and Baltic region. This is an improvement from last year’s third place and a receipt of Newsec’s investment in building a cross border platform in the region.

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Thomas Kempf New Head of Newsec Property Asset Management in Denmark

Press Releases   •   Aug 21, 2018 08:30 CEST

Newsec has signed Thomas Kempf as the new head of the Danish Property Asset Management business, Newsec Datea. Thomas leaves a role as COO at Coor Denmark. Thomas will start his new job on 1 October and focus going forward will be on continuing the work with digitalizing the business and increasing efficiency.

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.

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