16 december, 2019

Cross-border logistics deal

Pangea adviser to Nordika and Partners Group in the sale of Swedish logistics site to JV lead by Blackstone

Last week, it was announced that Nordika and Partners Group have sold the logistics property Stenvreten 9:4 in Enköping to a joint venture controlled by Blackstone and M7. The site is located in Stenvreten’s industrial park with a strategic location between Västerås, Uppsala and Stockholm. The site has a lettable area just above 13,000 sqm and is fully let to multiple tenants.

Pangea Property Partners was sell-side adviser to Nordika and Partners Group in the transaction. So far in 2019, we have advised on some 35 transaction and advisory mandates with an underlying property value around SEK 24 billion across the Nordics.

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