15 July, 2017

Strong first half of 2017

Strong first half

In June, Pangea advised on 13 transactions with an underlying property value above EUR 530 million, of which 55 percent cross-border deals.

The transactions include sell-side and buy-side mandates with a total lettable area of about 240,000 sqm:

  • Adviser to Union Investment in the acquisition of office property Uggleborg 14, known as Sthlm HUB, in Stockholm CBD from Mengus
  • Adviser to Genesta in the acquisition of office property Mariboes gate 13 in central Oslo from Klaveness Marine for EUR 59 million
  • Adviser to FagerStad Utvikling in the sale of Sæter Torg in Oslo to Vika Project Finance
  • Adviser to Skanska in the sale of three properties in Flemingsbergsdalen in Stockholm to Niam for SEK 850 million
  • Adviser to Strawberry Properties in the sale of Quality Hotel Entry in greater Oslo to Midstar
  • Adviser to Trygghem in the sale of a residential project in Enköping to a JV with SHH and HSB Projektpartner
  • Adviser to local investor consortium in the sale of a long lease property in Skellefteå to NP3 Fastigheter
  • Adviser to Citycon in the sale of Lietorvet kjøpesenter in Skien to Bratsberg Gruppen and Fjellvåken Holding
  • Adviser to Fem Hjärtan in the sale of 10 office and public sector properties in Halmstad to Hemfosa for SEK 1,066 million
  • Adviser in four separate retail transactions comprising three shopping centres and two retail big boxes in Sweden and Norway to be announced

Altogether, Pangea Property Partners executed more than 30 transactions and other advisory mandates in the first half of 2017 with an underlying property value close to EUR 1.4 billion.

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