Castellum and Lilium in major Swedish property swap
Pangea Property Partners sole financial adviser in the SEK 5.2bn transaction
At end of last week, it was announced that Castellum acquired six properties in Linköping from Lilium for SEK 1.7 billion. The properties have a lettable area of about 67,000 sqm and are located in the city centre. At the same time, Lilium acquires Castellum’s entire portfolio in Sundsvall consisting of 20 properties with a lettable area of 157,400 sqm for SEK 3.5 billion. The combined sales price of SEK 5.2 billion makes it one of the largest Nordic property transactions in recent years. The transaction yield is 4.8% in Linköping and 5.0% in Sundsvall.
Pangea Property Partners was sole financial adviser in the transaction. We also advised Castellum on the acquisition of the properties in Sundsvall as part of Norrporten in 2016.To news archive