14 January, 2019

Sizeable logistics portfolio

Pangea adviser to LogNOR in the sale of seven logistics properties in Norway

LogNOR, a company established by Pareto, sells a modern logistics portfolio in Norway for approximately NOK 600 million (according to media reports). The portfolio comprises seven properties located in Ski and Vestby, south-east of Oslo, with a lettable area close to 31,000 sqm. The properties were built in 2016-2018 and are fully let with an average remaining lease term of 9.7 years.

Pangea Property Partners was sell-side adviser to LogNOR in the transaction. In 2018/2019, we have advised on more than 50 transactions and advisory mandates with an underlying property value close to EUR 3 billion, including several large logistics transactions across the Nordics.

To news archive
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.

Read more
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.

Read more
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.

Read more
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.

Read more