14 august, 2017

Office deal in Stockholm CBD

Pangea adviser to Union Investment when acquiring Stockholm Hub.

During the summer, Union Investment acquired office property Uggleborg 14, also known as ‘Stockholm Hub’, from Mengus. The property is located in Stockholm CBD, close to the Stockholm Central Station and has a lettable area of 5,900 sqm. The property was built in 1967 and fully refurbished last year. The main tenant is watch manufacturer Daniel Wellington occupying almost half the area.

Pangea Property Partners was buy-side adviser to Union Investment in the transaction. In June and July, we advised on 15 transactions with an underlying property value well above EUR 600m, of which almost 50 percent cross-border deals.

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