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
26 February, 2018

Large cross-border capital flows

In recent years, international investors have shown an increasing interest for the Nordic property market. Pangea has followed that trend and 43% of our executed transactions have been cross-border since 2010. It is both buy-side and sell-side mandates including large investors such as Starwood, Blackstone, Union, Tristan, CBRE, Round Hill and WP Carey, plus many pan-Nordic investors.

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12 February, 2018

Car Retailer Property portfolio

At the beginning of February, it was announced that Ankarhagen sells a property portfolio to NP3 for SEK 179 million. The properties are located in 18 cities concentrated to the middle of Sweden with a total lettable area of about 24,400 sqm. For NP3, the acquisition means that the company enters a number of new markets.

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30 January, 2018

Karolinska Hospital sold to Niam

Today it was announced that Stockholm County Council (Sw: Stockholms Läns Landsting) sells the former Karolinska University Hospital to Niam. The sales price is SEK 2.3 billion and Niam takes the full risk for the outcome of the zoning process. Pangea Property Partners was sell-side adviser to Stockholm County Council in the transaction, being the largest Nordic transaction so far in 2018.

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29 January, 2018

Acquiring Clarion Hotel Carlscrona

Last week, it was announced that Västerkulla acquires the property Humble 2 in central Karlskrona from Hemfosa. The property has a lettable area of about 3,050 sqm and comprises 82 hotel rooms, conference facilities, restaurant and bar. The tenant is Clarion Collection Hotel Carlscrona on a long lease agreement.

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