29 October, 2018

Pangea adviser to Stendörren in sale to Corem

Pangea adviser to Stendörren in the SEK 325m sale to Corem

Stendörren sells office and industrial property Veddesta 2:43 in northern Stockholm to Corem for SEK 325 million. The property comprises six connected buildings with a total lettable area of about 19,100 m². The average remaining lease term is just above 10 years and the occupancy rate is 91 percent.

Pangea Property Partners was sell-side adviser to Stendörren in the transaction. So far in 2018, we have advised on some 35 transactions and advisory mandates with an underlying property value above SEK 23 billion.

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