3 februar, 2020

Hotel deal in central Gävle

Pangea adviser to Blackstone and Areim in the sale of Scandic CH

At end of last week, it was announced that the joint owners Blackstone and Areim have sold the hotel property Gävle Norr 20:6 to Västerkulla Hotell. The property was extensively refurbished in 2006-2007 and upgraded in 2019 with a lettable area close to 9,400 sqm and 186 hotel rooms. The tenants are Scandic Hotels on a long lease agreement and the popular restaurant Skeppet re-opening in March 2020.

Pangea Property Partners was sell-side adviser to Blackstone and Areim in the transaction. We have advised on more than 40 transaction and advisory mandates with an underlying property value above SEK 30 billion in 2019 and 2020, including a variety of hotel deals.

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