24 April, 2018

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.

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17 December, 2018

Additional hotel deal in Sweden

Västerkulla Hotell has acquired the property Bergmästaren 22 in central Falun. The property was built and extended in 1930 and 1985 respectively with an extensive refurbishment in 2013-2015. The tenant is Clarion Collection Hotel Bergmästaren on a long lease agreement. The hotel has 85 rooms, conference facilities, restaurant and bar.

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10 December, 2018

Another Plantagen deal

Today it was announced that Oslo Pensjonsforsikring has sold a Plantasjen asset in Oslo to Malling & Co Eiendomsfond. The property is located in Gardermoen Business Park and is fully let to Plantasjen with a remaining lease term close to 17 years. Earlier this year, Oslo Pensjonsforsikring sold three Plantasjen assets in Finland to Ragde.

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3 December, 2018

Another logistics deal in Örebro

Conficap has sold a logistics site in Pilängen, an established industrial area south-west of Örebro, to a new investor consortium. The logistics site has a lettable area of about 19,200 sqm and is fully let to Onninen, part of the Kesko group. In addition, the site comprises some 170,000 sqm outdoor storage, parking and undeveloped land.

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12 November, 2018

Sale of residential project

Arwidsro sells Smedjan 8 in Malmö to property developer I Am Home. The property is located in Norra Sorgenfri, a major development area close to the inner city, and comprises about 28,000 sqm of residential building rights. I Am Home plan to develop 440 rental apartments on the property that will be sold to Heimstaden when completed in 2020-2021.

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