1 May, 2017

Large conference hotel sold

Aronsborg pic

Pangea adviser to Starwood and Scius in the sale of Aronsborg.

Starwood Capital Group and its operating partner Scius have divested Aronsborg Conference Hotel located northwest of Stockholm. Aronsborg is a specialised conference and event hotel with 196 rooms and a total area of about 15,000 sqm. The buyer was Strawberry Properties, controlled by Petter Stordalen.

Pangea Property Partners was sell-side adviser to Starwood and Scius in the transaction. In the last 18 months, we have advised on 9 hotel transactions across the Nordics with an underlying property value above EUR 1.2bn. In addition, we have done a number of strategic advisory and valuation mandates in the hotel sector.

 

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14 August, 2017

Office deal in Stockholm CBD

During the summer, Union Investment acquired office property Uggleborg 14, also known as ‘Stockholm Hub’, from Mengus. The property is located in Stockholm CBD, close to the Stockholm Central Station and has a lettable area of 5,900 sqm. The property was built in 1967 and fully refurbished last year. The main tenant is watch manufacturer Daniel Wellington occupying almost half the area.

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15 July, 2017

Strong first half of 2017

In June and July, Pangea has advised on 15 transactions with an underlying property value well above EUR 600 million, of which 49 percent cross-border deals. Altoghether, Pangea Property Partners executed more than 30 transactions and other advisory mandates in the first half of 2017 with an underlying property value around EUR 1.4 billion.

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26 June, 2017

Large transaction in Stockholm

Skanska has divested three properties (Generatorn 4-6) in Flemingsbergsdalen to Niam for SEK 850m. The properties include almost 24,000 sqm newly developed retail, hotel, gym and sports facilities. Pangea Property Partners was sell-side adviser to Skanska in the transaction,.

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11 June, 2017

Pangea advisor to Fem Hjärtan in another sale to Hemfosa

At end of last week, Fem Hjärtan Holding divested 10 properties in Halmstad city centre to Hemfosa. The purchase price is based on an underlying property value of SEK 1,066m. The portfolio includes 57,800 sqm lettable area, of which mainly office premises let to public sector tenants. The largest tenants are Halmstad Municipality, Swedish Tax Authority and Halland County Administrative Board.

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