20 December, 2021

Bratsberg sold to Nyfosa and Samfunnsbygg!

Pangea is proud to have advised Øygarden Eiendom and Conceptor on the sale of Bratsberg AS with an underlying company value of NOK ~2.0bn, including two properties sold separately.

The buyer is Samfosa AS, a newly established joint venture owned 50/50 by Samfunnsbygg and Nyfosa. The acquisition of Bratsberg is the first investment the company is making.

The real estate company Bratsberg has been built up by the owners and developed since 2004. The company has a gross lettable area of ca. 115,000 sqm, a landbank of ca. 250,000 sqm and a development potential of ca. 80,000 sqm located at 8 clusters in Porsgrunn, Skien and Horten. The transaction also includes 14 full-time employees.

Pangea’s team consisted of: Bård Bjølgerud, Håvard A. Nustad, Vetle Holt Johansen, Aleksander Lee Olsen, and Magnus Grape.

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