13 July, 2015

Major retail transaction in Kalmar

Pangea sell-side adviser to IKEA when divesting part of Hansa City to Niam

In early July, Niam’s acquisition of retail property Alhagen 3 in Kalmar was announced. The property is part of Hansa City, the number one shopping area in the region, and consists of two buildings with a lettable are slightly below 21,000 sqm. Anchor tenants in the property are City Gross, Media Markt, Stadium and KungSängen. Pangea Property Partners was sell-side adviser to IKEA Centres Nordic, making their first divestment of a major retail asset. In total, Pangea Property Partners executed 6 retail transactions with an underlying property value of SEK 17bn in H1 2015.

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