9 december, 2019

Sale of public property portfolio in northern Sweden

Pangea adviser to NP3 in the sale of four properties in Härnösand and Sundsvall

In late November, it was announced that NP3 has sold three properties in Härnösand and one property in Sundsvall to Nyfosa. The properties have a total lettable area around 22,000 sqm with focus on public sector tenants such as the Swedish National Courts Administration (Sw: Domstolsverket) and the Swedish Tax Authority (Sw: Skatteverket) in Härnösand. The property in Sundsvall is fully let to a private elementary school operator.

Pangea Property Partners was sell-side adviser to NP3 in the transaction. So far in 2019, we have advised on some 35 transaction and advisory mandates with an underlying property value close to SEK 24 billion across the Nordics.

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