Nordic Transaction Power
Pangea Property Partners is an independent corporate finance and transaction advisory firm focusing on the Nordic property sector. We have a strong track record of executing complex transactions such as creating new companies and divesting portfolios in illiquid markets. This means that we know how to handle all kinds of transactions, maximising results for our clients.
Pangea Property Partners has a history of combining Nordic property with international capital. We have an extended network of international investors, and more than 40 percent of our transactions are cross border. Currently, we are some 30 employees with offices in Stockholm, Oslo and London. In addition, we have a close cooperation with Mrec in Finland.
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.Read more
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.Read more
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.Read more
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.Read more
PREX index family
There are more than 40 real estate equities in the Nordic market.
We have grouped these according to a number of criteria (e.g. geography and sector focus) and created an index family named PREX. To the right, the sub-index PREX Country shows how property shares have performed in different countries over the last 12 months.Read more