Largest deal in Sweden
Pangea sell-side adviser to Starwood in the SEK 3.6bn portfolio deal
Starwood Capital Group sells a large Swedish warehouse and logistics portfolio to Hemfosa for approximately SEK 3.6 billion. The portfolio comprises 51 properties totalling about 460,000 sqm with a gross rental income (including supplements) of SEK 318 million. The properties are located in 17 cities, mainly in central and southern Sweden, including Stockholm, Malmö, Västerås, Borås and Lund. Some key tenants are DHL, Speed Logistics, Haldex and PostNord.
Pangea Property Partners was sell-side adviser to Starwood in the transaction, being the by far largest property transaction in Sweden this year. In the first half of 2018, we advised on more than 30 transactions and advisory mandates in the Nordics with an underlying property value around SEK 20 billion.To news archive