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.

Til nyhetsarkiv
26 February, 2018

Large cross-border capital flows

In recent years, international investors have shown an increasing interest for the Nordic property market. Pangea has followed that trend and 43% of our executed transactions have been cross-border since 2010. It is both buy-side and sell-side mandates including large investors such as Starwood, Blackstone, Union, Tristan, CBRE, Round Hill and WP Carey, plus many pan-Nordic investors.

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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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