Blog entries posted during 2010


8 January 2010

How do you manage your second largest asset – Real Estate?

I was delighted to see the November 2009 issue of Harvard Business Review tackle about the importance of real estate as a second largest asset of almost every company. As they point out it should be viewed not merely as an operating necessity – wich...

16 February 2010

Real estate business – fun to work in these days?

In Newsec we measure two important items we believe indicate and predict the success of our business within real estate in the future; Employee Satisfaction and Client Satisfaction. And in this order. High score in employee satisfaction is not only...

27 April 2010

Restructuring and Refinancing - challenging property market issues

A huge amount of commercial property debt will be coming due within the next three to five years. Many of those loans were issued in an environment where both loan-to-value ratios and property values were higher than today. The growth of the economy...

23 August 2010

Why do we have so many RICS chartered surveyors in our Nordic and Baltic valuation teams?

Our clients and we think that it is a mark of quality assurance. We are able to guarantee our clients the highest quality advice and service. Real estate valuation is an extremely important profession within the real estate industry and the...

20 October 2010

Too low level analyses behind large investments?

We expect a strong increase in the Swedish spending power in the years to come. Of the around BSEK 400 increase the lion’s share, 80 per cent, will end up in the ten largest regions and nearly BSEK 160 thereof in the Stockholm region. But, will...

29 October 2010

Know your future

‘What will become of shopping centres? ’ ‘What will happen when customers demand changes? ’ ‘Will e-commerce kill the bricks-and-mortar-huggers? ’ These are some of the questions that were addressed on a recent seminar with focus on the future of...

2 November 2010

Time to consider the Baltics again?

During the last years, there have been no remarkable property transactions in the Baltic countries. The reasons for low investor confidence have been pretty clear. But are there positive changes to come? The answer is definitely yes. Estonia is...

11 November 2010

Newsec Norway in new location

Newsec have moved to new offices at Aker Brygge, the heart of Oslo CBD. In this office building we are, together with First Newsec Asset Management, Swedbank and SEB part of a commercial property cluster which is somewhat unique in Oslo. This will...

11 November 2010

Time for more buyers to come to the Norweigan investment table

The transaction volume in Norway is so far this year 24 billion NOK. We are optimistic for this year’s remaining months and we expect that the high level of activity will continue. We believe in a transaction volume that may exceed 35 billion NOK...

16 November 2010

An industry on the rise

I started reviewing my options for a job in the real estate industry about a year ago, six months before taking my master’s degree. At that time there were very few jobs to be found on the open market. But during the spring 2010 the situation...

22 November 2010

Timing, timing, timing

Nowadays it is very popular to say that real estate investors must focus on real estate fundamentals. The maxim “location, location, location” has driven many recently done acquisitions all over the world. However, sound real estate fundamentals...

6 December 2010

Steaming hot market

At the moment properties that can be converted to residential properties are steaming hot in Stockholm. Working with real estate is very dynamic. The facade is the same, but a property that one day was industrial, the next day can be luxury...

10 December 2010

Values are coming back

When Newsec started to produce a valuation index in the beginning of 2008, the real estate values were at an all-time high. In the summer of 2009, Norwegian properties had lost between 15 and 20 percent of their value as an average. The volatile...

20 December 2010

Property Management is reaping the fruits of going through bad times

The signs of good times returning are many, I’m sure all have noticed. For us at Newsec this is evident in several ways. In our existing assignments we notice that our clients are again involved in transactions. We are to a larger extent asked to...

22 December 2010

Focus on increased energy efficiency

Today practically all tendering processes concerning asset management include a demand for quality and environmental certification or the equivalent. Except for ISO standards which have been available on the market for quite some time now, and...