14 september, 2015

Large infrastructure deal

Pangea adviser to EQT Infrastructure when acquiring Mognstad Supply Base

At the end of August, EQT Infrastructure II announced the acquisition of Mongstad Supply Base located outside Bergen. The base is one of the leading oil and gas ports in Norway, strategically located close to an area with high offshore activity. The transaction included land, buildings, storage facilities, piping, roads, quays and other infrastructure at the site supporting about 20 producing oil and gas installations in the North Sea. In total, the base covers over 600,000 sqm of developed land and 750 m of quay, accommodating over 2,500 ship arrivals per year. The seller was Wimoh Invest, a company owned by Marit and Trond Mohn.

Pangea Property Partners was buy-side adviser to EQT Infrastructure in the transaction.

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