28 September, 2015

Sale of Swedbank portfolio

Pangea adviser to the bank in Swedish sale leaseback transaction

Pangea has advised Swedbank on the divestment of three owner-occupied properties in Sweden. The properties are located in Söderköping, Söderhamn and Umeå. Combined, the properties have a total area of approximately 6,000 m² with Swedbank leasing the main bulk of the area.

The portfolio was divested in three separate tranches to local buyers. The largest property, Sparbankshuset in central Umeå, was acquired by the new property company Olsson & Holmquist Fastighet.

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