4 December, 2017

Nordic cross-border hotel deal

Pangea adviser to Strawberry Properties in the sale of five hotels to Midstar.

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:

  • Quality Hotel 11 in Gothenburg, Sweden (259 rooms)
  • Clarion Hotel Ernst in Kristiansand, Norway (199 rooms)
  • Clarion Collection Hotel Tollboden in Drammen, Norway (127 rooms)
  • Clarion Collection Hotel With in Tromsø, Norway (76 rooms)
  • Clarion Collection Hotel Aurora in Tromsø, Norway (121 rooms)

The largest hotel in the portfolio is Quality Hotel 11 in Gothenburg located just by the water at Norra Älvstranden. The hotel also includes neighbouring Eriksbergshallen with capacity to host 2,000 conference guests. The Norwegian portfolio includes four well-established hotels in three strong regional cities. The entire portfolio has a lettable area of approximately 60,000 sqm and all hotels are operated by Nordic Choice.

Pangea Property Partners was sell-side adviser to Strawberry Properties in the transaction, being the third largest hotel deal in the Nordics this year. Our hotel team also advised on the largest hotel deal in January when Strawberry Fields/Nordic Choice entered a long-term partnership and established two major hotels at Copenhagen Airport.

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.

Les mer
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.

Les mer
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.

Les mer
7 November, 2017

Our Premium Research for free

We produce a wide array of property-related research and our ambition is to deliver the best reports in the Nordics. Now, we open up our premium research for everyone. If you want to receive our in-depth reports directly to your mailbox, just sign-up.

Les mer