28 maj, 2018

Shopping centre deal in Norway

Pangea adviser to Citycon in the sale of Heiane Storsenter.

It was recently announced that Citycon sells Heiane Storsenter in Norway to the regional investor Midgard Gruppen for approximately EUR 24m. The shopping centre is located in Stord, in the western part of Norway, and has approximately 1.2 million visitors every year. Heiane Storsenter has a lettable area close to 24,000 sqm and some of the largest tenants are Coop, Skeidar, Elkjøp and Clas Ohlson.

Pangea Property Partners was sell-side adviser to Citycon in the transaction.

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