23 October, 2017

Sale of retail property in Drammen

Pangea adviser to Citycon when divesting Krokstad Senter

Last week, it was announced that Citycon sells Krokstad Senter just outside Drammen to an investor syndicate established by Clarksons Platou for approximately EUR 20 million. Krogstad Senter is a newly developed retail big box property with a total lettable area of approximately 10,200 sqm. The property is fully let to five tenants on long lease agreements. Krokstad Senter is located next to Buskerud Storsenter, owned by Citycon, being the main shopping destination in the region.

Pangea was sell-side adviser to Citycon in the transaction. So far in 2017, we have advised on some 35 transactions with an underlying property value above NOK 11 billion.

Til nyhetsarkiv
12 February, 2018

Car Retailer Property portfolio

At the beginning of February, it was announced that Ankarhagen sells a property portfolio to NP3 for SEK 179 million. The properties are located in 18 cities concentrated to the middle of Sweden with a total lettable area of about 24,400 sqm. For NP3, the acquisition means that the company enters a number of new markets.

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30 January, 2018

Karolinska Hospital sold to Niam

Today it was announced that Stockholm County Council (Sw: Stockholms Läns Landsting) sells the former Karolinska University Hospital to Niam. The sales price is SEK 2.3 billion and Niam takes the full risk for the outcome of the zoning process. Pangea Property Partners was sell-side adviser to Stockholm County Council in the transaction, being the largest Nordic transaction so far in 2018.

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29 January, 2018

Acquiring Clarion Hotel Carlscrona

Last week, it was announced that Västerkulla acquires the property Humble 2 in central Karlskrona from Hemfosa. The property has a lettable area of about 3,050 sqm and comprises 82 hotel rooms, conference facilities, restaurant and bar. The tenant is Clarion Collection Hotel Carlscrona on a long lease agreement.

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19 January, 2018

Starwood and Oscar Properties in new partnership

Today, it was announced that Starwood Capital Group and Swedish residential developer Oscar Properties have established a new joint venture for the development of Primus 1 in Stockholm. The property is located at Lilla Essingen, an attractive residential area just by the water and close to Stockholm city. Pangea Property Partners was sole financial adviser in the transaction.

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