Large Nordic portfolio deal
Pangea adviser to Partners Group in the SEK 1.25bn acquisition.
Nordika Fastigheter sells seven properties in Sweden and Finland to a new joint venture lead by Partners Group. The mixed-use portfolio has a total lettable area of about 80,000 sqm with focus on long-lease tenants. In addition, the portfolio comprises approximately 15,000 sqm building rights, mainly located in Stockholm.
The sale means a full exit for the investors in Nordika Fund 1 and a partial exit for the investors in Nordika Fund II. However, the Nordika team will continue to manage the portfolio and the team has co-invested in the new joint venture alongside Partners Group.
Pangea Property Partners was buy-side adviser to Partners Group in the transaction. In the last three years, we have advised on buy-side transactions worth almost SEK 70 billion across the Nordics, including many sizeable cross-border deals.To news archive