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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23 October, 2017

Sale of retail property in Drammen

Last week, it was announced that Citycon sells Krokstad Senter just outside Drammen to an investor syndicate established by Clarksons Platou for approximately EUR 20 million. Krogstad Senter is a newly developed retail big box property with a total lettable area of approximately 10,200 sqm.

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9 October, 2017

The Nordic property market at the peak or just on the way to the top?

The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive properties. Transaction activity is expected to be record high in 2017, but slow down slightly in 2018.

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25 September, 2017

Sale to Wallenstam in central Uppsala

At end of last week, it was announced that Heimstaden sells part of Dragarbrunn 20:1 in central Uppsala to Wallenstam for SEK 149 million. The multi-use property is located at Kungsgatan 47/Vaksalagatan 14 with a lettable area close to 3,200 sqm. Wallenstam is one of the tenants in the property today.

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21 September, 2017

Pangea Property Partners voted #1 Advisor in Norway

Pangea Property Partners has been voted best Advisor overall in Norway in the Euromoney Real Estate Survey 2017. We were also voted #1 advisor in the categories M&A and Research in the survey, which by many is regarded as the benchmark in the Real Estate Industry.

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