News

22 December, 2016

Nordic property transactions set record of €43 billion in 2016

Volumes in the Nordic commercial real estate markets set yet another record in 2016, led by an extremely vibrant Swedish market and strong activity in the residential segment. This contrasts with a weak general trend in Europe following the Brexit vote.

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19 December, 2016

Pangea adviser to Citycon when acquiring neighbouring property

Citycon has announced the acquisition of an office building in Bergen for NOK 710m. The seller was Tryg Forsikring, also being anchor tenant in the property with a 10-year lease. Pangea Property Partners was buy-side adviser to Citycon in the transaction.

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12 December, 2016

ICA Fastigheter sells Norwegian portfolio

ICA Fastigheter announced the sale of its Norwegian property portfolio for NOK 2.1bn to UNION Real Estate Fund II, a property fund managed by UNION Eiendomskapital. Pangea Property Partners was sell-side adviser to ICA Fastigheter in the transaction, which is the third largest property transaction in Norway this year, and the largest one in the retail sector.

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5 December, 2016

“If you stop developing the city, you lose the investor interest”

Successful city development requires cooperation, and shared values and visions from all parties involved. (City) development creates investor interest through, increased liquidity, reduced risk, and increased prices in the real estate market, in addition to economic growth. If you stop developing the city, you lose the investor interest. This presentation examines the critical elements for successful development.

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