30 October, 2017

Public sector portfolio deal in Sweden

Vänerparken

Pangea adviser to Intea Fastigheter when acquiring Vänerparken

Last week, it was announced that Intea Fastigheter acquires Vänerparken, a large city district in Vänersborg. The area is located between the central station and the channel comprising four properties (15 buildings) with a lettable area of 39,000 sqm, plus 113,200 sqm land. The properties have a rental value just above SEK 53 million with public sector tenants accounting for 95 percent.

Pangea was buy-side adviser to Intea Fastigheter in the transaction. So far in 2017, we have advised on more than 35 transactions with an underlying property value above SEK 12 billion.

Til nyhetsarkiv
28 May, 2018

Shopping centre deal in Norway

Citycon sells Heiane Storsenter in Norway to the regional investor Midgard Gruppen for approximately EUR 24m. The shopping centre is located in Stord, in the western part of Norway, and has approximately 1.2 million visitors every year. Pangea Property Partners was sell-side adviser to Citycon in the transaction.

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22 May, 2018

Large resi deal in Sweden

Slättö IV sells a newly built Swedish residential portfolio in two separate tranches for almost SEK 1.6bn. The buyers are Trenum (owned by Balder and AP3) acquiring 372 apartments in Stockholm and Västerås and Lansa Fastigheter acquiring 295 apartments in Karlstad and Umeå. The total area is close to 38,000 sqm giving an average price of approximately SEK 43,000 SEK/sqm.

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14 May, 2018

Strategic advisory mandate

Pangea Property Partners has conducted a comprehensive strategic analysis for the Swedish municipality Östersund throughout 2017/2018. Focus of the study has been to map the municipality’s total property holdings (spread across a number of different entities) and present a new and more efficient structure, both from a strategic and financial perspective.

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1 May, 2018

Cross-border deal in Finland

Oslo Pensjonsforsikring sells three retail properties in Finland to Ragde Eiendom. The properties are located in Espoo, Porvoo and Vaasa with a total area of about 13,500 sqm. The properties are fully let to Plantagen with an average lease term of about 17 years. Pangea Property Partners and Mrec was sell-side adviser to Oslo Pensjonsforsikring in the transaction.

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