News

1 May, 2017

Large conference hotel sold

Starwood Capital Group and its operating partner Scius have divested Aronsborg Conference Hotel located northwest of Stockholm. Aronsborg is a specialised conference and event hotel with 196 rooms and a total area of about 15,000 sqm. The buyer was Strawberry Properties, controlled by Petter Stordalen. Pangea Property Partners was sell-side adviser to Starwood and Scius in the transaction

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5 April, 2017

Retail transaction in Trondheim

In early March, the sale of Citycon’s retail big box property Lade in Trondheim was closed. The property has five tenants and a gross lettable area around 8,600 sqm. The sales price was EUR 21m (NOK 183m) and the buyer was Frost Eiendom, a family-owned company with focus on the Trondheim region.
Pangea Property Partners was sell-side adviser to Citycon in the transaction.

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26 March, 2017

Acquisition of First Hotel Örebro

Last week, it was announced that Västerkulla acquires Bageriet 2 in central Örebro from Klövern. The property has a lettable area of 3,100 sqm and includes First Hotel Örebro with 71 rooms. The hotel was recently upgraded and has a long lease agreement. Pangea Property Partners was buy-side adviser to Västerkulla in the transaction

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19 March, 2017

Sale of two Plantagen properties

At end of February, it was announced that Industrifinans sells two retail properties in Sweden to Sveavalvet. One property is located in Stora Birk retail park in Umeå and the other one next to Hemlingby shopping centre in Gävle. Both properties are let to Plantagen on long leases. Pangea Property Partners was sell-side adviser in the transaction.

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