2 maj, 2016

Castellum acquires Norrporten

In mid-April, Castellum announced the acquisition of 100 percent of the shares in Norrporten with a SEK 26.2bn high quality office portfolio in Sweden and Denmark. The purchase price is SEK 10.4bn in cash plus 23.41 million Castellum shares. The sellers are the Second and Sixth Swedish National Pension Funds (AP2 and AP6). Following the transaction, Castellum becomes the largest listed property company in the Nordic region with a total property value of SEK 71bn. Pangea Property Partners was financial advisor to Castellum in the transaction.

“We are very happy to have been part of this landmark transaction from presenting the idea to execution. This is the largest Nordic property transaction since Vasakronan and AP Fastigheter merged in 2008, another transaction that our team advised on,” said André Lundberg, Partner at Pangea Property Partners.

Pangea Property Partners has now advised on the largest property transactions in the Nordic region four consecutive years: Norrporten (2016 YTD), Sektor Gruppen (2015), Sveareal/Fortin (2014) and Hemsö (2013). The transaction is expected to close in late June 2016, conditional on EGM and customary competition approval.

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