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
4 December, 2017

Nordic cross-border hotel deal

At end of last week, it was announced that Strawberry Properties sells a large Nordic hotel portfolio to Midstar Hotels. The portfolio includes one hotel property in Sweden and four in Norway with 782 rooms in total. The largest hotel in the portfolio is Quality Hotel 11 in Gothenburg located just by the water at Norra Älvstranden. Pangea Property Partners was sell-side adviser to Strawberry Properties in the transaction, being the third largest hotel deal in the Nordics this year.

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20 November, 2017

Residential sale in Northern Sweden

At end of last week, it was announced that Rikshem sells seven residential properties in Haparanda to regional investor Fastighetsmästaren. Haparanda is a city in the most northern part of Sweden right next to the Finnish border. The portfolio comprises 151 apartments with a total lettable area of approximately 8,200 sqm.

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13 November, 2017

Property swap in Uppsala and Gävle

In the beginning of November, it was announced that Heimstaden sells three commercial properties in Uppsala to Fastpartner for SEK 480 million. Two of the properties are located in central Uppsala and one in Fyrislund business park and the total area is about 29,000 sqm. At the same time, Heimstaden acquires five residential properties in Gävle from Fastpartner for SEK 130 million.

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7 November, 2017

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