11 June, 2018

Starwood completes public bid on Victoria Park

Pangea Property Partners financial adviser to Starwood in the transaction

Starwood Capital Group (through its wholly owned subsidiary HomeStar InvestCo) has announced that shareholders representing 24.4% of the shares and 32.1% of the votes in Victoria Park have accepted the public cash offer presented in the beginning of April. All conditions for the offer have been met or waived and the transaction will be settled around 11 June 2018. Following the transaction, Starwood will control a total of 27,074,397 Class A shares, 32,486,304 Class B shares and 180,348 preference shares in Victoria Park.

For more information, please see press release here.

Pangea Property Partners has been financial and M&A advisor to Starwood in the transaction.

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18 June, 2018

ALNA senter sold for NOK 2bn

Aspelin Ramm sells ALNA senter to Joh Johannson Eiendom AS for about NOK 2bn (EUR 215m). The large retail centre is located at Alnabru, some 10 minutes from Oslo city, and comprises about 70,000 sqm and 1,100 parking spaces. The centre is the third largest in Oslo with an annual turnover of NOK 2bn (EUR 215m) and nearly 5 million visitors in 2017.

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11 June, 2018

Starwood completes public bid on Victoria Park

Starwood Capital Group (through its wholly owned subsidiary HomeStar InvestCo) has announced that shareholders representing 24.4% of the shares and 32.1% of the votes in Victoria Park have accepted the public cash offer presented in the beginning of April. Pangea Property Partners has been financial and M&A advisor to Starwood in the transaction.

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28 May, 2018

Shopping centre deal in Norway

Citycon sells Heiane Storsenter in Norway to the regional investor Midgard Gruppen for approximately EUR 24m. The shopping centre is located in Stord, in the western part of Norway, and has approximately 1.2 million visitors every year. Pangea Property Partners was sell-side adviser to Citycon in the transaction.

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22 May, 2018

Large resi deal in Sweden

Slättö IV sells a newly built Swedish residential portfolio in two separate tranches for almost SEK 1.6bn. The buyers are Trenum (owned by Balder and AP3) acquiring 372 apartments in Stockholm and Västerås and Lansa Fastigheter acquiring 295 apartments in Karlstad and Umeå. The total area is close to 38,000 sqm giving an average price of approximately SEK 43,000 SEK/sqm.

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