1 oktober, 2018

Office deal in Fredrikstad

Pangea adviser in the sale of two modern head office properties

Terje Høili, the founder of Europris, has sold two office properties in Fredrikstad in Norway to an investor syndicate established by Pareto Project Finance for NOK 206 million. One of the properties was built in 2016 and serves as head office for Visma in Østfold, and the other property will be the head office for listed company Europris when completed in mid-2019. The properties have a total area of approximately 9,000 sqm and closing for the transaction will be October 9, 2018.

Pangea Property Partners was sell-side adviser to Terje Høili in the transaction. So far in 2018, we have advised on almost 30 transactions and advisory mandates with an underlying property value above NOK 20 billion.

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