Since the outset in 2005, Balder has grown from a local actor into a group with more than 1,000 colleagues. By being a long-term and stable owner Balder creates attractive and safe areas for people to live and do good business in.
In May, Karlatornet, where Balder is a half-owner, becomes the highest building in Gothenburg and in September the highest building in the Nordic region. During the year, several important ground breaking ceremonies are held, for example Spina; the first of GoCo Livings’s three blocks in GoCo Health Innovation City, Boverian Svedala and a production facility within vehicle electrification. Together with Next Step Group, Härryda municipality and Business Region Gothenburg, Balder announces the plans for the goods and logistics hub Link40 along national road 40 in Mölnlycke. Balder performs a share split (6:1), a direct share issue and a number of tender offers for outstanding notes and hybrid capital securities.
Balder acquires the Norwegian industrial property company Asset Buyout Partners (ABP) with real estate assets located in business-critical energy and maritime clusters along the Norwegian coast and continues to acquire shares in Entra and owns just over 30% of the shares at year-end.
Balder expands its operations in Norway by acquiring 50% of Anthon Eiendom AS, and more than 18% of the shares in Entra ASA. In Sweden, Balder acquires 50% of the shares in Karlatornet AB through a structural transaction with Serneke. In addition, Balder acquires Masmästaren with properties in Falun, Borlänge, Västerås, Uppsala and Nacka. Balder also acquires one third of Next Step Group, which manages three of Western Sweden’s largest urban development projects – Nya Hovås, the Life Science cluster GoCo Health Innovation City and the housing project Wendelstrand.
Early in the year, the company’s first acquisition in London is carried out, which is complemented with a further acquisition later in the year. Balder also issues its first green bonds.
Through the acquisition of seven hotel properties in Germany, Balder enters the German market. Balder acquires 49% of the associated company Sinoma Property AB.
Balder issues EUR 1,850 million during the year in the European bond market and carries out the redemption of 10,000,000 preference shares. All properties in Arboga, Falköping, Köping and Tranås are divested at a property value of about SEK 2 billion.
Balder continues to broaden its property holdings in the Nordic region and acquires its first property in Norway. In Sweden, Balder acquires a portfolio of retail properties from Anders Hedin Invest AB at a value of SEK 4.2 billion.
Balder acquires 53% of SATO Oyj, which owns 23,000 apartments in Finland at a value of about SEK 26 billion.
Balder acquires 14 hotel properties and thereby becomes one of Sweden largest hotel property owners.
Balder acquires Bovista Invest AB, which gives the company 4,300 apartments at a value of about SEK 2 billion.
Balder acquires a residential area in Österbro in central Copenhagen.
Balder acquires 25 retail properties from Catena AB for the newly established company Fastighets AB Centur. Half of the shares in Centur are sold on to Peab.
During the year, acquisition of 31 properties and divestment of 18 properties takes place.
The number of shareholders increases by more than 50 per cent during the year and amounts to approximately 4,900 at year-end.
Balder acquires Din Bostad Sverige AB and invests in wind turbines.
Balder acquires ten properties and divests nine properties.
Balder refines its real estate holdings through the sale of 29 industrial and warehouse properties to Corem Property Group AB, where Balder becomes a major owner.
Balder establishes offices and expands its operations in Stockholm, Gothenburg and Malmö.
In the same year that Balder is established, the company acquires 21 properties and is listed on the Stockholm Stock Exchange.