26 mars, 2017

Acquisition of First Hotel Örebro

Västerkulla Örebro

Pangea buy-side adviser to Västerkulla in another hotel deal.

Last week, it was announced that Västerkulla acquires Bageriet 2 in central Örebro from Klövern. The property has a lettable area of 3,100 sqm and includes First Hotel Örebro with 71 rooms. The hotel was recently upgraded and has a long lease agreement.

Pangea Property Partners was buy-side adviser to Västerkulla in the transaction. In the last 18 months, we have advised on 8 hotel transactions in the Nordics with an underlying property value around SEK 11bn. In addition, we have done a number of strategic advisory mandates and hotel valuations.

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