25 mars, 2019

Hotel transaction in Borlänge

Pangea adviser to Västerkulla when acquiring Best Western Hotel Gustav Wasa

At end of February, it was announced that Västerkulla acquired the property Einar 10 in central Borlänge from NP3 Fastigheter. The property was built in 1985 and has a lettable area of about 6,800 sqm comprising 100 hotel rooms, relax and conference facilities, restaurant and bar. The tenant is Best Western Hotel Gustav Wasa on a long lease agreement.

Pangea Property Partners was buy-side adviser to Västerkulla in the transaction. So far, we have advised on more than 60 transactions and advisory mandates with an underlying property value close to EUR 4 billion since the beginning of 2018, including five hotel acquisitions in Swedish regional cities for Västerkulla.

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