Bonava Sells 50 Rental Apartments in Helsinki

Total Page：16

File Type：pdf, Size：1020Kb

Press release, 31 August 2021 Bonava sells 50 rental apartments in Helsinki Bonava is selling 50 rental apartments in Helsinki, Finland, to eQ Residential Fund. The transaction amounts to EUR 12 million and the first housing units are expected to be completed and handed over to the customer in the first quarter of 2023. – We are very happy to continue our cooperation with eQ now in a new residential area in eastern Helsinki. After starting this project, we will have 300 homes in production in the area, and all in all, we plan to build approximately 550 homes. When completed, this neighbourhood with its special brass-shining facades will become a visible landmark in the area, says Riku Patokoski, Business Unit President, Bonava Finland. The neighbourhood in question is located in Vuosaari, east Helsinki, a short walk from the sea, where the beach and the natural environment enable outdoor activities. The area is also close to a shopping centre, schools, and public transportation. Sitadelli 3 is the third phase of a neighbourhood where Bonava is planning just over 550 housing units. The area is scheduled to be completed in 2025. For more information, please contact: Fredrik Hammarbäck, Group Head of Press and Public Affairs [email protected] Tel: +46 739 056 063 Carolina Strömlid, Head of Investor Relations [email protected] Tel: +46 708 807 173 Bonava is a leading residential developer in Northern Europe that creates homes and neighbourhoods where people have the highest quality of life. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 2,100 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia, Latvia and Lithuania, with net sales of approximately SEK 17 Bn in 2020. Bonava’s shares and green bond are listed on Nasdaq Stockholm. For more information about us, visit: www.bonava.com Bonava AB (publ) Lindhagensgatan 72, SE-102 22 Stockholm, Sweden Tel: +46 8 409 544 00 Corp. Reg. No.: 556928-0380 bonava.com .

Copy Link

Recommended publications

Kristina Olsen to Leave Bonava Kristina Olsen Has Decided to Leave Bonava and Her Role of BU President of Bonava Norway to Work with an External Assignment
Press release, 25 August 2021 Kristina Olsen to leave Bonava Kristina Olsen has decided to leave Bonava and her role of BU President of Bonava Norway to work with an external assignment. Jonas Granström has been appointed Acting BU President and member of the Executive Management Group. Kristina Olsen has worked at NCC/Bonava since 2000 and held several senior positions at the company, including as BU President Bonava Denmark-Norway. She has been a member of Bonava’s Executive Management Group since 2018. – I would like to extend my sincere gratitude to Kristina for her highly appreciated work during her time at Bonava. I wish Kristina much success in her future assignments, says President and CEO Peter Wallin. Jonas Granström has been appointed Acting BU President of Bonava Norway and member of the Executive Management Group. He has extensive experience of residential development and has previously held several senior roles at, for example, Skanska in the Nordic region, the hotel chain Scandic and the property company ByggVesta. In May 2021, Bonava decided to wind down its operations in Copenhagen and exit the Danish market in order to improve efficiency and profitability in the Group. Bonava Norway has been an independent business unit in the Nordic segment since 1 June 2021. In Norway, Bonava conducts residential development activities in the cities of Bergen and Oslo. For more information, please contact: Fredrik Hammarbäck, Group Head of Press and Public Affairs [email protected] Tel: +46 739 056 063 Carolina Strömlid, Head of Investor Relations [email protected] Tel: +46 708 807 173 Bonava is a leading residential developer in Northern Europe that creates homes and neighbourhoods where people have the highest quality of life.
[Show full text]
2021 Annual Report
JPMorgan European Discovery Trust plc (formerly JPMorgan European Smaller Companies Trust plc) Uncovering Europe’s hidden gems Annual Report and Financial Statements for the Year – 31st March 2021 KEY FEATURES Your Company Objective Capital growth from smaller European companies (excluding the United Kingdom). Investment Policies • To invest in a diversified portfolio of smaller companies in Europe, excluding the United Kingdom. • To emphasise capital growth rather than income. Therefore shareholders should expect the dividend to vary from year to year. • To manage liquidity and borrowings to increase potential returns to shareholders. The Board’s current gearing policy is to be between 20% net cash and 20% geared. • To invest no more than 15% of gross assets in other UK Listed investment companies (including investment trusts). Risk It should be noted that the Company invests in the shares of smaller companies, which tend to be more volatile than those of larger companies. The Company also employs gearing to generate greater returns. The Company’s shares should therefore be regarded as carrying greater than average risk. Further details on investment policies and risk management are given in the Strategic Report on page 23. Company Name and Ticker The Company changed its name from JPMorgan European Smaller Companies Trust plc to JPMorgan European Discovery Trust plc on 15th June 2021. The Company will change its London Stock Exchange stock ticker symbol (TIDM) from JESC to JEDT with effect from 17th June 2021. Benchmark MSCI Europe (ex UK) small cap net total return index (until 31st March 2020 Euromoney Smaller European Companies (ex UK) net total return index (in sterling terms).
[Show full text]
Bonava Annual Report 2019 This Is Bonava
Annual Report 2019 Annual Report 2019 Contents OVERVIEW This is Bonava ......................................................................... 2 The year in brief ...................................................................... 4 Comments from the CEO ..................................................... 6 REPORT OF THE BOARD OF DIRECTORS Report of the Board of Directors .....................................12 Segments ................................................................................15 Risks and risk management ..............................................17 FINANCIAL REPORTING Consolidated accounts and notes ...................................20 Parent Company accounts and notes ............................52 Appropriation of profit ........................................................61 Audit Report ...........................................................................62 GOVERNANCE Corporate Governance Report .........................................66 Board of Directors ................................................................72 Executive Management Group .........................................74 Auditor’s limited assurance report ..................................76 SUSTAINABILITY Disclosures .............................................................................78 GRI index .................................................................................98 Auditor’s limited assurance report ............................... 103 OTHER INFORMATION Bonava in the capital market .........................................
[Show full text]
Carnegie Monthly Report
CARNEGIE STRATEGY FUND Carnegie Strategifond is a Nordic total return fund with a focus on equities and corporate bonds. MONTHLY REPORT • Emphasis on Nordic equities with high dividend yields and corporate bonds with high interest rates. • Invests in stable companies with low valuations and attractive cash flows. SEPTEMBER 2017 • There is no predetermined weighting between equities and corporate bonds. MANAGER COMMENT: Excessive slides for our construction stocks Swedish construction-related companies have but the share had already lost 15 percent by been weak performers in late summer. Some then. companies with a high dependency on domestic consumption have also been relatively weak. The Given the performance of the Swedish housing media has even reported on negative signs in the market in recent years, there is a risk of a housing market. We have deliberately chosen to correction, which means that we continue to avoid companies with strong dependence on the avoid companies with high dependence directly Swedish housing market. This also applies to and indirectly on Swedish house prices. However, banks in which the fund owns bonds, Nordic we believe that the share price reactions in the JOHN STRÖMGREN banks and/or banks with lower exposure to construction-related companies that we own are Manager since 1998 and in the business since housing loans. Unfortunately, the market is not excessive given the nature of their business. 1984. always so careful in making distinctions. Skanska and Bonava have even risen slightly in September, but not by as much as the market. Start date 01/01/1994 Despite relatively strong reports from Skanska Pricing Daily and Bonava, these fell between June and This month the fund switched its SEB bonds for Morningstar rating (2017-09-30) QQQQ September by up to 13 percent.
[Show full text]
Bonava Annual and Sustainability Report 2020 This Is Bonava
Annual and Sustainability Report 2020 Contents OVERVIEW This is Bonava ............................................................................................ 2 The year in brief ......................................................................................... 4 Comments from the CEO ........................................................................ 7 Value creation ............................................................................................. 8 Strategy and objectives ........................................................................ 10 SUSTAINABILITY REPORT Our sustainability agenda...................................................................... 13 Information and GRI ................................................................................ 14 Happy neighbourhoods for the many ................................................ 18 Protecting our planet ............................................................................. 22 TCFD ........................................................................................................... 28 Passionate workplace ............................................................................. 30 Reliable business ..................................................................................... 36 About the sustainability report ............................................................ 42 GRI index .................................................................................................... 43 Auditor’s report........................................................................................
[Show full text]
Bonava Sells 154 Rental Apartments in Stockholm
Press release, 17 June 2021 Bonava sells 154 rental apartments in Stockholm Bonava is selling 154 Nordic Swan ecolabelled rental apartments in Sollentuna, Stockholm, to NREP. The transaction is valued at SEK 431 million and is contingent upon the issue of a building permit. The first housing units are expected to be completed and handed over to the customer in the fourth quarter of 2023. Occupancy will occur gradually as of the third quarter of the same year. – There is immense interest in our attractive rental housing projects. We are delighted that this transaction will enable us to contribute to the development of the attractive Väsjön area and to build additional rental apartments in Stockholm, says Fredrik Hemborg, Business Unit President, Bonava Sweden. The neighbourhood is located by the Väsjö torg district, which is an area under development and situated close to schools, services and the surrounding nature by the Väsjöbacken ski slope and Väsjön lake. The Municipality of Sollentuna aims to create 4000 housing units around Väsjön lake. For more information, please contact: Fredrik Hammarbäck, Group Head of Press and Public Affairs [email protected] Tel: +46 739 056 063 Carolina Strömlid, Head of Investor Relations [email protected] Tel: +46 708 807 173 Bonava is a leading residential developer in Northern Europe that creates homes and neighbourhoods where people have the highest quality of life. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 2,100 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Denmark, Norway, St.
[Show full text]
Company Profile Bonava Bonava Is a Leading Residential Development
Company Profile Bonava Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,000 employees and operates in Sweden, Germany, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 14,5 billion in 2017. Bonava’s shares are listed on Nasdaq Stockholm. Bonava in Germany In Germany, Bonava combines the economic clout of a corporation with local expertise. From 2016, Bonava is continuing the impressive success story of NCC in Germany, its employees, expertise and established brick-by-brick modular construction system. Founded as Industriebau Fürstenwalde in 1964, the company has now been active on the German property market for over 50 years. According to an annual study conducted by the German consulting company bulwiengesa, Bonava in Germany is now the most active residential property developer in major German cities for the sixth time in a row. Bonava in Germany is primarily active in its home market of Berlin, in the growth regions of Hamburg, Rhine-Main, Rhine-Ruhr, Cologne/Bonn, Rhine-Neckar/Stuttgart, Saxony and along the coast of the Baltic Sea. From the coast of the Baltic Sea to south-western Germany, Bonava works on more than 150 residential building projects a year as a property and project developer. In 2017, Bonava in Germany sold 2,412 houses and apartments to owner-occupiers and investors. The almost 1,000 employees at its headquarter in Fürstenwalde (Brandenburg) and regional offices generated revenue of 524 million euros. Everything under one roof Bonava is a full-service company: from the initial consultation via planning to moving-in day – Bonava accompanies you every step of the way to your new home.
[Show full text]
903013 MT S124099 S124615
Shedding Light on Corporate Spinoff Operating Performance: A European Perspective Fredrik Mats Bo Henriksson (s124099) Alma Holst (s124615) Master’s Thesis M.Sc. International Business and M.Sc. Finance & Strategic Management Copenhagen Business School June 2020 Keywords: Corporate spinoffs, operating performance, agency theory, corporate focus, correction-of-a- mistake, dual directorship Supervisor: Professor Kristina Dahlin Number of pages: 104 physical pages and 98 pages by substance Characters (Inc. spaces): 223.091 Date of Submission: 15h of June 2020 Abstract ABSTRACT A large body of evidence has documented positive stock-price announcement and long-term effects of corporate spinoffs. More controversial and substantially less investigated is the issue whether spinoffs produce ex post efficiency gains. Applying agency theory, our study of 102 spinoffs from 19 European countries occurring between 2002 and 2016 examines whether spinoffs generate actual improvements in operating performance of both the continuing parent, its spun-off child firm, and the combined parent- child portfolio. We test three hypotheses from previous market-based spinoff literature, the corporate focus hypothesis, the correction-of-a-mistake hypothesis, and the dual directorship hypothesis, to examine under which circumstances such improvements are maximised. Tracking changes in unadjusted and three adjusted measures of Return on Assets (ROA), we document no evidence of substantial improvements in the operating performance of the average parent-child portfolio, with the average child firm being associated with deterioration in operating performance in the first year following the spinoff. We find that only spinoffs of subsidiaries that operates in the same industry as their parents (non-focus- increasing) are the transactions that create significant average improvements in operating efficiency post spinoff, and that these gains are generated only at the child firm level and not within parent firms.
[Show full text]
Bonava - the New Brand Name for NCC Housing
Press Release April 12, 2016 Bonava - the new brand name for NCC Housing A new brand is born for NCC Housing: Bonava. The brand is focused on creating value for customers and will bring the heritage, people and knowledge of NCC Housing into the future. The Swedish bo means living and nav means hub. That is what Bonava is all about. Bonava does not just build houses - Bonava creates homes and neighbourhoods where people live their lives. “The name will serve as a reminder that we create both homes and neighbourhoods. Our vision is to create happy neighbourhoods where people have the highest quality of life. We understand that this means different things to different people and that it might vary over time. Regardless we have decided to try to figure this out together with our customers and stakeholders, as a starting point of our journey,” says Joachim Hallengren, Business Area Manager, NCC Housing. The brand is planned to be launched during 2016 in all eight markets. Until then more information is available at bonava.com. Provided that the Annual General Meeting of NCC on April 12th 2016 resolves in accordance with the Board of Directors’ proposal, and Nasdaq Stockholm approves Bonava’s listing application, the distribution of shares and listing of Bonava is expected to be effected during 2016. About Bonava: Bonava is a leading residential development company in Northern Europe. Born out of NCC, Bonava has been creating homes and neighbourhoods since the 1930’s. Today Bonava has 1400 employees and operates in Sweden, Finland, Denmark, Norway, Germany, S:t Petersburg, Estonia and Latvia with sales of SEK 13 billion.
[Show full text]
Stoxx® Nordic Total Market Small Index
STOXX® NORDIC TOTAL MARKET SMALL INDEX Components1 Company Supersector Country Weight (%) SIMCORP Technology Denmark 1.56 Valmet Industrial Goods & Services Finland 1.50 THULE GROUP Consumer Products & Services Sweden 1.44 STOREBRAND Insurance Norway 1.39 HOLMEN B Basic Resources Sweden 1.36 ROYAL UNIBREW Food, Beverage & Tobacco Denmark 1.35 DOMETIC GROUP AB Consumer Products & Services Sweden 1.35 NETCOMPANY GROUP AS Technology Denmark 1.28 ADDTECH B Industrial Goods & Services Sweden 1.25 AAK Food, Beverage & Tobacco Sweden 1.22 KINDRED GROUP Travel & Leisure Sweden 1.19 BAKKAFROST Food, Beverage & Tobacco Norway 1.16 SAGAX 'B' Real Estate Sweden 1.12 NEL Energy Norway 1.11 ENTRA Real Estate Norway 1.10 BEIJER REF AB Industrial Goods & Services Sweden 1.08 BILLERUDKORSNAS Basic Resources Sweden 1.06 AVANZA BANK HLDG Banks Sweden 1.05 SCATEC Energy Norway 1.03 SAMHALLSBYGGNADSBOL AGET NORD Real Estate Sweden 0.97 NORDIC SEMICONDUCTOR Technology Norway 0.93 WALLENSTAM B Real Estate Sweden 0.91 NORDIC ENTERTAINMENT GROUP B Media Sweden 0.90 HEXPOL 'B' Basic Resources Sweden 0.88 KONECRANES Industrial Goods & Services Finland 0.87 TIETOEVRY Technology Finland 0.86 RINGKJOBING LANDBOBANK Banks Denmark 0.86 WIHLBORGS FASTIGHETER Real Estate Sweden 0.85 AF POYRY B Construction & Materials Sweden 0.83 BAVARIAN NORDIC Health Care Denmark 0.83 BRAVIDA HOLDING AB Construction & Materials Sweden 0.83 AXFOOD Personal Care, Drug & Grocery Stores Sweden 0.79 PEAB B Construction & Materials Sweden 0.79 ALK-ABELLO B Health Care Denmark 0.77 JYSKE BANK
[Show full text]
Bonava Once Again Ranked As Germany's Most Active and Latvia's
Press release 9 April 2020 Bonava once again ranked as Germany’s most active and Latvia’s largest residential developer For the eighth consecutive year, Bonava has been ranked as Germany’s most active residential developer. This is the result of the annual survey that was recently conducted by the market location and analysis company bulwiengesa. At the same time, Bonava has been named the largest residential developer in Latvia for the third consecutive year, with its growing market share in the capital city region around Riga. – It is highly gratifying that we have retained our strong position in Germany, which is entirely in line with our strategy. Also being named the largest residential developer in Latvia for the third consecutive year is confirmation that our strategic choice of geographical markets is generating positive results, says Joachim Hallengren, President and CEO, Bonava. Every year, the independent market location and analysis company bulwiengesa analyses Germany’s development market looking at the volumes of the country’s seven A cities. The analysis is based on projects with more than 1,000 sqm that have been finished, are under construction or are in concrete planning in the time period 2017 to 2024 in Germany’s largest property markets (Berlin, Cologne, Dusseldorf, Frankfurt am Main, Hamburg, Munich and Stuttgart) in the housing, office, retail and hotel sectors. In Latvia, the annual “Residential Market in Riga” market survey is conducted by the global organisation Colliers International, which compiles and compares data from various players in the sector. Based on the number of newly built apartments registered and sold, Bonava increased its market share in the capital region and was named for the third consecutive year as the country’s largest residential developer.
[Show full text]
Annual Report
NCC ANNUAL REPORT 2016 Annual Report 2016 II NCC 2016 AVSNITTSMARKERING NCC Annual Report 2016 Contents NCC in brief 2 Review by the President 4 The inclusive city 6 Driving forces 8 Value generation for stakeholders 9 Strategy 10 – NCC’s objectives 12 The NCC share 16 BUSINESS AREAS Industry 18 Building 22 Infrastructure 27 Property Development 32 SUSTAINABILITY NCC’s sustainability efforts 36 Health and safety 39 Social inclusion 40 Materials and waste 41 Climate and energy 42 Ethics and compliance 44 Product portfolio 45 FINANCIAL REPORT Reports of the Board of Directors 46 Risk 51 Consolidated income statement 54 Consolidated balance sheet 56 Parent Company income statement 58 Parent Company balance sheet 59 Changes in shareholders’ equity 60 Cash-flow statements 62 Notes 64 Appropriations of profits 98 Auditors’ report 99 Multi-year review 102 Quarterly data 105 CORPORATE GOVERNANCE Corporate governance report 106 Report on internal control 110 Board of Directors and Auditors 112 Group Management 114 “ We will Financial information/contacts 116 Definitions 117 renew our industry The formal Annual Accounts, which have been signed by the Board of Directors and examined by the providing auditors, are pages 46–98. superior sustainable solutions.” NCC 2016 1 AVSNITTSMARKERING Cash flow before financing 1,050 Orders received SEK M 56,506 Return on equity SEK M 23% Operating profit 1,453 SEK M Net sales 52,934 SEK M “ We will Key figures above pertain to remaining operations in NCC, excluding Bonava. renew our industry providing superior sustainable COVER solutions.” Aarhus: Library and Municipal Building at Aarhus Harbor – completed in 2016.
[Show full text]