20 augusti, 2018

Sale of XXL’s logistics centre

Pangea Property Partners sell-side adviser to Pareto in the transaction

Pilängen Logistik, a company established by Pareto, sells a logistics centre in Örebro, one of Sweden’s key transportation hubs, to Aberdeen Standard Investment for about SEK 400 million. The site comprises more than 43,000 sqm of modern logistics premises and is fully let to the Norwegian sports retailer XXL. The remaining lease term is more than 10 years and the site works as XXL’s largest central warehouse in the Nordics.

Pangea Property Partners was sell-side adviser to Pareto in the transaction, being the largest logistics deal in Sweden this year. So far in 2018, we have advised on more than 30 transactions and advisory mandates in the Nordics with an underlying property value above SEK 20 billion.

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