28 August, 2017

Large retail deal in Bergen

Øyrane Torg

Øyrane Torg (Photo: B. Ystebø)

Pangea adviser to Nistad Gruppen when divesting Øyrane Torg.

Last week, Nistad Gruppen divested Øyrane Torg in Bergen to DNB Scandinavian Property Fund for just above NOK 600 million. Øyrane Torg is a shopping centre that opened in 1994 and was extended in 2002/2004 and 2007/2008. Today, the centre has some 50 stores, restaurants and service facilities with an annual turnover above NOK 600 million. The total area is approximately 18,300 sqm, of which 10,100 sqm retail and 3,400 sqm office premises.

Pangea Property Partners was sell-side adviser to Nistad Gruppen in the transaction. So far in 2017, we have advised on more than 30 transactions with an underlying property value around NOK 10 billion.

Til nyhetsarkiv
9 October, 2017

The Nordic property market at the peak or just on the way to the top?

The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive properties. Transaction activity is expected to be record high in 2017, but slow down slightly in 2018.

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25 September, 2017

Sale to Wallenstam in central Uppsala

At end of last week, it was announced that Heimstaden sells part of Dragarbrunn 20:1 in central Uppsala to Wallenstam for SEK 149 million. The multi-use property is located at Kungsgatan 47/Vaksalagatan 14 with a lettable area close to 3,200 sqm. Wallenstam is one of the tenants in the property today.

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21 September, 2017

Pangea Property Partners voted #1 Advisor in Norway

Pangea Property Partners has been voted best Advisor overall in Norway in the Euromoney Real Estate Survey 2017. We were also voted #1 advisor in the categories M&A and Research in the survey, which by many is regarded as the benchmark in the Real Estate Industry.

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11 September, 2017

Sale of two more Plantagen properties

At end of August, it was announced that Industrifinans sells two retail properties in Sweden to Sveavalvet.
We have now advised on three separate sales including five Plantagen properties with a total area of about 22,500 sqm during 2016/2017. The buyers have been Sveavalvet (four properties) and Alber Fastigheter (one property).

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