19 August, 2019

Sizeable deal in northern Sweden

Pangea adviser to Lindbäcks in the sale of 1,443 student apartments in Luleå

In the beginning of July, it was announced that 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. The transaction is partly settled in equity making Lindbäcks the third largest owner in SBS with 20 percent of the shares. The transaction will be closed on the 2nd of September.

Pangea was sell-side adviser to Lindbäcks in the transaction, underpinning our position as the leading property adviser in Northern Sweden.

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