15 July, 2019

Strong first half of 2019 for Pangea

Pan-Nordic deal volume close to SEK 12bn in last month

  • 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)
  • Adviser to Union in the acquisition of office property Smultronet 6 (HSB’s HQ) in Kungsholmen, Stockholm, from AFA (price not disclosed)
  • Adviser to Fastator/Point Properties in the acquisition of shopping centre Galleria Valen in Trelleborg from Skandia Fastigheter (SEK 220m)
  • Adviser to Profi Fastigheter in the sale of mixed-use property Jollen 4 in Näsbypark, Stockholm, to Vasaparken and SBB (price not disclosed)
  • Adviser to Oslo Airport City in the establishment of a new 400 room hoteloperated by Haut Nordic (project cost about NOK 800m)

In addition, we have advised on a couple of large transactions across the Nordics to be announced soon. About 40 percent of the transactions are buy-side mandates.

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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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