20 maj, 2019

Sale of urban development project in Västerås

Pangea Property Partners sell-side adviser to Sveareal and Scius Partners

Last week, it was announced that Sveareal has divested the development property Verkstaden 20 in Västerås to Riksbyggen. The property is located in the industrial area Kopparlunden, less than one kilometre north-east of the city centre and main train station. The existing 25,000 m² industrial premises will be replaced with about 1,000 new apartments as well as commercial premises. Building start is expected in the second half of 2021.

Pangea Property Partners advised Sveareal and Scius in the transaction. So far in 2019, we have advised on more than 15 transaction and advisory mandates with an underlying property value close to SEK 12 billion.

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