4 februar, 2019

New Norwegian parking company

Pangea adviser when Bane NOR Eiendom and Eiendomsspar teaming up

In mid-January, it was announced that Bane NOR Eiendom and Eiendomspar establishes a new 50/50 joint venture acquiring two large and centrally located parking facilitates in Oslo and Asker. The sellers are several private owners, including Bane NOR Eiendom which until now has owned 25 percent of the company Oslo S Parkering AS. The two parking properties are located in direct connection to Oslo Central Station and suburban station Asker and comprise a total of 1,165 parking places. The gross rental income is about NOK 50 million and the properties have a combined gross asset value of approximately NOK 1 billion.

Pangea Property Partners was adviser in the transaction including the financing arrangement. So far, we have advised on about 60 transactions and advisory mandates with an underlying property value above EUR 3.5 billion since the beginning of 2018, including a number of sizeable transactions in January 2019.

Til nyhetsarkiv
4 February, 2019

New Norwegian parking company

Bane NOR Eiendom and Eiendomspar establish a new 50/50 joint venture acquiring two large and centrally located parking facilitates in Oslo and Asker. The sellers are several private owners, including Bane NOR Eiendom which until now has owned 25 percent of the company Oslo S Parkering AS.

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28 January, 2019

Acquisition of utleiebolig AS

Selvaag Gruppen has acquired all shares in Utleiebolig AS, buying out eight other shareholders, with the ambition to become the leading owner of new rental apartments in Norway. The company owns 840 rental apartments, of which 410 in production, in greater Oslo, Lørenskog, Jessheim, Drammen and Bergen.

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21 January, 2019

Castellum and Lilium in major Swedish property swap

Castellum acquired six properties in Linköping from Lilium for SEK 1.7 billion. The properties have a lettable area of about 67,000 sqm and are located in the city centre. At the same time, Lilium acquires Castellum’s entire portfolio in Sundsvall consisting of 20 properties with a lettable area of 157,400 sqm for SEK 3.5 billion.

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14 January, 2019

Sizeable logistics portfolio

LogNOR, a company established by Pareto, sells a modern logistics portfolio in Norway for approximately NOK 600 million (according to media reports). The portfolio comprises seven properties located in Ski and Vestby, south-east of Oslo, with a lettable area close to 31,000 sqm. The properties were built in 2016-2018 and are fully let with an average remaining lease term of 9.7 years.

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