3 oktober, 2016

Pangea sell-side adviser to Starwood in Norway

Last week, Fortin AS (owned by Starwood Capital Group) divested Solheimsveien 10, a modern big box asset fully let to Elkjøp. The property is located in Lørenskog, northeast of Oslo, with a gross area around 17,300 sqm, including approx. 260 in-door parking spaces. The store has the highest sales of all Elkjøp stores in Norway and among the highest in the Nordics. The buyer was a Pareto syndicate.

Pangea Property Partners was sell-side adviser to Starwood in the transaction. We have now advised on some 30 transactions with a combined value close to €5bn so far in 2016, which represents a 20% market share in the entire Nordics.

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