11 June, 2017

Pangea advisor to Fem Hjärtan in another sale to Hemfosa

Halmstad

At end of last week, Fem Hjärtan Holding divested 10 properties in Halmstad city centre to Hemfosa. The purchase price is based on an underlying property value of SEK 1,066m. The portfolio includes 57,800 sqm lettable area, of which mainly office premises let to public sector tenants. The largest tenants are Halmstad Municipality, Swedish Tax Authority and Halland County Administrative Board. Pangea Property Partners advised Fem Hjärtan Holding in the transaction.

“This transaction shows yet again the strong investor demand for public sector properties in Sweden, and confirms our market leading position in the segment,” says André Lundberg, Partner at Pangea Property Partners.

In 2016/2017, Pangea Property Partners have advised on 12 public sector property transactions in Sweden with an underlying property value above SEK 16bn, representing a 47 percent market share in the segment (buy-side and sell-side). The transactions involve major investors and sector specialists such as Areim, Blackstone, Castellum, Hemfosa, Ikano, Intea and Specialfastigheter.

Til nyhetsarkiv
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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28 August, 2017

Large retail deal in Bergen

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 has some 50 stores, restaurants and service facilities with an annual turnover above NOK 600 million.

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14 August, 2017

Office deal in Stockholm CBD

During the summer, Union Investment acquired office property Uggleborg 14, also known as ‘Stockholm Hub’, from Mengus. The property is located in Stockholm CBD, close to the Stockholm Central Station and has a lettable area of 5,900 sqm. The property was built in 1967 and fully refurbished last year. The main tenant is watch manufacturer Daniel Wellington occupying almost half the area.

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15 July, 2017

Strong first half of 2017

In June and July, Pangea has advised on 15 transactions with an underlying property value well above EUR 600 million, of which 49 percent cross-border deals. Altoghether, Pangea Property Partners executed more than 30 transactions and other advisory mandates in the first half of 2017 with an underlying property value around EUR 1.4 billion.

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