29 January, 2018

Acquiring Clarion Hotel Carlscrona

Clarion Carlscrona

Pangea buy-side adviser to Västerkulla in another hotel deal.

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.

Pangea Property Partners was buy-side adviser to Västerkulla in the transaction. In March 2017, we advised Västerkulla on the acquisition of First Hotell in Örebro from Klövern.

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28 May, 2018

Shopping centre deal in Norway

Citycon sells Heiane Storsenter in Norway to the regional investor Midgard Gruppen for approximately EUR 24m. The shopping centre is located in Stord, in the western part of Norway, and has approximately 1.2 million visitors every year. Pangea Property Partners was sell-side adviser to Citycon in the transaction.

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22 May, 2018

Large resi deal in Sweden

Slättö IV sells a newly built Swedish residential portfolio in two separate tranches for almost SEK 1.6bn. The buyers are Trenum (owned by Balder and AP3) acquiring 372 apartments in Stockholm and Västerås and Lansa Fastigheter acquiring 295 apartments in Karlstad and Umeå. The total area is close to 38,000 sqm giving an average price of approximately SEK 43,000 SEK/sqm.

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14 May, 2018

Strategic advisory mandate

Pangea Property Partners has conducted a comprehensive strategic analysis for the Swedish municipality Östersund throughout 2017/2018. Focus of the study has been to map the municipality’s total property holdings (spread across a number of different entities) and present a new and more efficient structure, both from a strategic and financial perspective.

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1 May, 2018

Cross-border deal in Finland

Oslo Pensjonsforsikring sells three retail properties in Finland to Ragde Eiendom. The properties are located in Espoo, Porvoo and Vaasa with a total area of about 13,500 sqm. The properties are fully let to Plantagen with an average lease term of about 17 years. Pangea Property Partners and Mrec was sell-side adviser to Oslo Pensjonsforsikring in the transaction.

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