1 april, 2019

Further retail acquisitions

Pangea buy-side adviser to Fastator in three separate transactions
Last week, it was announced that Fastator acquires five centrally located retail properties in Bollnäs, Ludvika and Sala for SEK 220 million. The properties have a lettable area of approximately 24,300 sqm, excluding parking, and the current occupancy rate is 89 percent. The largest tenant is the Swedish Tax Agency accounting for 11 percent of total rental income. The properties are acquired in three separate transactions.

Pangea Property Partners was buy-side adviser to Fastator in the transactions. At end of last year, we also advised Fastator in the acquisition of a shopping centre in central Motala.

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