20 August, 2018

Sale of XXL’s logistics centre

Pangea Property Partners sell-side adviser to Pareto in the transaction

Pilängen Logistik, a company established by Pareto, sells a logistics centre in Örebro, one of Sweden’s key transportation hubs, to Aberdeen Standard Investment for about SEK 400 million. The site comprises more than 43,000 sqm of modern logistics premises and is fully let to the Norwegian sports retailer XXL. The remaining lease term is more than 10 years and the site works as XXL’s largest central warehouse in the Nordics.

Pangea Property Partners was sell-side adviser to Pareto in the transaction, being the largest logistics deal in Sweden this year. So far in 2018, we have advised on more than 30 transactions and advisory mandates in the Nordics with an underlying property value above SEK 20 billion.

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17 April, 2019

Pangea Institutional Outlook

Last week, we published our fifth edition of Pangea Institutional Outlook based on an extensive investor survey among the 160 largest institutional investors in the Nordic region. The first report was published in 2011 and the investor sentiment and investment strategies has changed considerably over the years.

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1 April, 2019

Further retail acquisitions

Fastator acquires five centrally located retail properties in Bollnäs, Ludvika and Sala for SEK 220 million. The properties have a lettable area of approximately 24,300 sqm, excluding parking, and the current occupancy rate is 89 percent. The largest tenant is the Swedish Tax Agency accounting for 11 percent of total rental income.

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25 March, 2019

Hotel transaction in Borlänge

Västerkulla has acquired the property Einar 10 in central Borlänge from NP3 Fastigheter. The property was built in 1985 and has a lettable area of about 6,800 sqm comprising 100 hotel rooms, relax and conference facilities, restaurant and bar. The tenant is Best Western Hotel Gustav Wasa on a long lease agreement.

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11 March, 2019

Another Oslo CBD transaction

Tristan Capital Partners, through its European Property Investors Special Opportunities Fund (EPISO 3) has sold the prime office and retail property Grensen 5-7 in Oslo CBD. The property has a lettable area of approximately 14,000 sqm and is located just 150 metres from Oslo’s main shopping street Karl Johans gate.

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