5 december, 2016

Pangea adviser to Slättö in SEK 5-14bn deal with Magnolia

Last week, Slättö Förvaltning announced the acquisition of residential projects worth at a minimum SEK 5bn from Magnolia Bostäder. The portfolio includes 13 projects and 7,000 apartments located mainly in Stockholm, Uppsala and Öresund. The gross area of building rights is approximately 450,000 sqm. In connection to the transaction, Slättö and Magnolia sign a cooperation agreement up to 31 March 2020. During this period, the portfolio can increase further up to SEK 14bn.

Pangea Property Partners was buy-side adviser to Slättö in the transaction, which is one of the largest residential deals ever made in Sweden. We have now advised on more than 40 transactions with a combined value around €6.5bn so far in 2016, which represents a 20 % market share in the entire Nordics.

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