4 February, 2019

New Norwegian parking company

Pangea adviser when Bane NOR Eiendom and Eiendomsspar teaming up

In mid-January, it was announced that Bane NOR Eiendom and Eiendomspar establishes a new 50/50 joint venture acquiring two large and centrally located parking facilitates in Oslo and Asker. The sellers are several private owners, including Bane NOR Eiendom which until now has owned 25 percent of the company Oslo S Parkering AS. The two parking properties are located in direct connection to Oslo Central Station and suburban station Asker and comprise a total of 1,165 parking places. The gross rental income is about NOK 50 million and the properties have a combined gross asset value of approximately NOK 1 billion.

Pangea Property Partners was adviser in the transaction including the financing arrangement. So far, we have advised on about 60 transactions and advisory mandates with an underlying property value above EUR 3.5 billion since the beginning of 2018, including a number of sizeable transactions in January 2019.

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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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1 July, 2019

PANGEA LISTED OVERVIEW

Last week, we published a new edition of Pangea Listed Overview covering all listed property companies and property developers on the Nordic main list and First North. The report contains key information about e.g. share price performance, company profile, ownership, leverage and valuation metrics.

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17 June, 2019

Another deal in Stockholm

Profi Fastigheter sold the properties Jollen 4 and Näsbypark 73:5 in northern Stockholm to a new joint venture with Vasaparken, owned by the Åhman family, and Samhällsbyggnadsbolaget. The properties have a total lettable area of approximately 8,200 sqm including office and school premises.

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10 June, 2019

Retail deal in Trelleborg

Skandia Fastigheter sells the property Valfisken Större 45 in central Trelleborg to Point Properties, a wholly owned subsidiary to Fastator, for SEK 222 million. The retail property is known as “Galleria Valen” and has a lettable area of approximately 17,200 sqm, also including offices, residentials and garage. Some of the largest tenants are ICA, KappAhl, Clas Ohlsson, MQ, Intersport and Fitness24Seven.

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