3 april, 2018

SEK 8.7bn public bid on Victoria Park

VP

Pangea Property Partners financial adviser to Starwood in the transaction.
At end of last week, Starwood Capital Group announced a public bid on Swedish listed mid cap property company Victoria Park. The offer is SEK 34.4 in cash per each class A and class B share and SEK 315.0 per each preference share in Victoria Park, representing a total bid value of approximately SEK 8,680 million. Six major shareholders representing 22.2 percent of the shares and 31.5 percent of the votes in Victoria Park have signed irrevocable undertakings to accept the offer.

For more information, please see press release here

 

Til nyhetsarkiv
9 July, 2018

Largest deal in Sweden

Starwood Capital Group sells a large Swedish warehouse and logistics portfolio to Hemfosa for approximately SEK 3.6 billion. The portfolio comprises 51 properties totalling about 460,000 sqm with a gross rental income (including supplements) of SEK 318 million. Pangea Property Partners was sell-side adviser to Starwood in the transaction, being the by far largest property transaction in Sweden this year.

Les mer
2 July, 2018

Large residential project in Bro

Slättö acquires the first stage of the new residential area Tegelhagen in Bro, in northern Stockholm, from Magnolia Bostad. The project comprises about 650 apartments and the value at completion is estimated to around SEK 1,170 million. Pangea Property Partners was buy-side adviser to Slättö in the transaction.

Les mer
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.

Les mer
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.

Les mer