26 June, 2017

Large transaction in Stockholm

Pangea adviser to Skanska in the SEK 850m sale to Niam.

Skanska has divested three properties (Generatorn 4-6) in Flemingsbergsdalen to Niam for SEK 850m. The properties include almost 24,000 sqm newly developed retail, hotel, gym and sports facilities. Anchor tenants are ICA, Huddinge municipality, MedFit and Forenom. Flemingsbergsdalen is a large development area south of Stockholm where a new regional city centre is under construction.

Pangea Property Partners was sell-side adviser to Skanska in the transaction. In 2016/2017, we have advised on more than 70 transactions in the Nordics with an underlying property value around SEK 75 billion.

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