Large resi deal in Sweden
Pangea adviser to Slättö in SEK 1.6bn sale to Trenum and Lansa
Slättö IV sells a newly built Swedish residential portfolio in two separate tranches for almost SEK 1.6bn. The buyers are Trenum (owned by Balder and AP3) acquiring 372 apartments in Stockholm and Västerås and Lansa Fastigheter acquiring 295 apartments in Karlstad and Umeå. The total area is close to 38,000 sqm giving an average price of approximately SEK 43,000 SEK/sqm.
Pangea Property Partners was sell-side adviser to Slättö in the transaction, being the second largest property transaction in Sweden so far in 2018.