20 May, 2019

Sale of urban development project in Västerås

Pangea Property Partners sell-side adviser to Sveareal and Scius Partners

Last week, it was announced that Sveareal has divested the development property Verkstaden 20 in Västerås to Riksbyggen. The property is located in the industrial area Kopparlunden, less than one kilometre north-east of the city centre and main train station. The existing 25,000 m² industrial premises will be replaced with about 1,000 new apartments as well as commercial premises. Building start is expected in the second half of 2021.

Pangea Property Partners advised Sveareal and Scius in the transaction. So far in 2019, we have advised on more than 15 transaction and advisory mandates with an underlying property value close to SEK 12 billion.

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19 August, 2019

Sizeable deal in northern Sweden

Lindbäcks Fastigheter sells eight residential properties comprising 1,443 student apartments in Luleå to Studentbostäder i Sverige (SBS) for approximately SEK 1.1 billion. The properties are located at Porsön, close to Luleå University, and have a total lettable area of about 41,500 sqm.

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12 August, 2019

Large office deal in Stockholm CBD

Union Investment acquires office property Smultronet 9 in central Stockholm in an off-market deal from AFA Fastigheter. The property has a lettable area of about 11,500 sqm and was built in 1939 and extensively upgraded in 2013. The property is fully let with cooperative housing association company HSB leasing some 85 percent of the space as their head office.

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5 August, 2019

Major shopping centre deal in Norway

Coop Klepp and Dolphin Eiendom, sold Jærhagen Kjøpesenter, worth nearly NOK 1 billion, to a syndicate established by NRP Finans. The shopping centre is located in Klepp municipality, about 25 kilometres south of Stavanger, and comprises about 57,000 sqm, plus 10,000 sqm of parking.

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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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