25 February, 2019

Hotel transaction in Borlänge

Pangea adviser to Västerkulla when acquiring Best Western Hotel Gustav Wasa

Last week, it was announced that Västerkulla 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.

Pangea Property Partners was buy-side adviser to Västerkulla in the transaction. So far, we have advised on about 60 transactions and advisory mandates with an underlying property value close to EUR 4 billion since the beginning of 2018, including five hotel acquisitions in Swedish regional cities for Västerkulla.

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19 August, 2019

Sizeable deal in northern Sweden

Lindbäcks Fastigheter sells eight residential properties comprising 1,443 student apartments in Luleå to Studentbostäder i Sverige (SBS) for approximately SEK 1.1 billion. The properties are located at Porsön, close to Luleå University, and have a total lettable area of about 41,500 sqm.

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12 August, 2019

Large office deal in Stockholm CBD

Union Investment acquires office property Smultronet 9 in central Stockholm in an off-market deal from AFA Fastigheter. The property has a lettable area of about 11,500 sqm and was built in 1939 and extensively upgraded in 2013. The property is fully let with cooperative housing association company HSB leasing some 85 percent of the space as their head office.

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5 August, 2019

Major shopping centre deal in Norway

Coop Klepp and Dolphin Eiendom, sold Jærhagen Kjøpesenter, worth nearly NOK 1 billion, to a syndicate established by NRP Finans. The shopping centre is located in Klepp municipality, about 25 kilometres south of Stavanger, and comprises about 57,000 sqm, plus 10,000 sqm of parking.

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15 July, 2019

Strong first half of 2019 for Pangea

Adviser to Lindbäcks Bygg in the sale of 1,143 student apartments in Luleå to Studentbostäder i Sverige (SEK 1.1bn), including an equity settlement making Lindbäcks a majority shareholder in SBS (20 percent ownership)
Adviser to Coop Klepp and Dolphin Eiendom in the sale of shopping centre Jærhagen Kjøpesenter in Stavanger to a NRP syndicate (price not disclosed)

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