3 April, 2018

SEK 8.7bn public bid on Victoria Park

VP

Pangea Property Partners financial adviser to Starwood in the transaction.
At end of last week, Starwood Capital Group announced a public bid on Swedish listed mid cap property company Victoria Park. The offer is SEK 34.4 in cash per each class A and class B share and SEK 315.0 per each preference share in Victoria Park, representing a total bid value of approximately SEK 8,680 million. Six major shareholders representing 22.2 percent of the shares and 31.5 percent of the votes in Victoria Park have signed irrevocable undertakings to accept the offer.

For more information, please see press release here

 

To news archive
17 April, 2019

Pangea Institutional Outlook

Last week, we published our fifth edition of Pangea Institutional Outlook based on an extensive investor survey among the 160 largest institutional investors in the Nordic region. The first report was published in 2011 and the investor sentiment and investment strategies has changed considerably over the years.

Read more
1 April, 2019

Further retail acquisitions

Fastator acquires five centrally located retail properties in Bollnäs, Ludvika and Sala for SEK 220 million. The properties have a lettable area of approximately 24,300 sqm, excluding parking, and the current occupancy rate is 89 percent. The largest tenant is the Swedish Tax Agency accounting for 11 percent of total rental income.

Read more
25 March, 2019

Hotel transaction in Borlänge

Västerkulla has acquired the property Einar 10 in central Borlänge from NP3 Fastigheter. The property was built in 1985 and has a lettable area of about 6,800 sqm comprising 100 hotel rooms, relax and conference facilities, restaurant and bar. The tenant is Best Western Hotel Gustav Wasa on a long lease agreement.

Read more
11 March, 2019

Another Oslo CBD transaction

Tristan Capital Partners, through its European Property Investors Special Opportunities Fund (EPISO 3) has sold the prime office and retail property Grensen 5-7 in Oslo CBD. The property has a lettable area of approximately 14,000 sqm and is located just 150 metres from Oslo’s main shopping street Karl Johans gate.

Read more