3 August, 2015

Largest transaction ever in Luleå

Pangea adviser to Rikshem when acquiring a SEK 1.6bn Portfolio from the municipality

In mid July, Rikhem announced its acquisition of a major property portfolio from Lulebo, the municipal property company in Luleå. The portfolio comprises some 1,600 apartments and 7 elderly care properties concentrated to Kallkällan, Mjölkudden and Porsön. As part of the deal, Rikshem also commits to build another 560 apartments in Luleå. Pangea Property Partners was buy-side adviser to Rikshem in the transaction. The sales price was approximately SEK 1.6bn making it the largest deal ever in Luleå.

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