14 januari, 2019

Sizeable logistics portfolio

Pangea adviser to LogNOR in the sale of seven logistics properties in Norway

LogNOR, a company established by Pareto, sells a modern logistics portfolio in Norway for approximately NOK 600 million (according to media reports). The portfolio comprises seven properties located in Ski and Vestby, south-east of Oslo, with a lettable area close to 31,000 sqm. The properties were built in 2016-2018 and are fully let with an average remaining lease term of 9.7 years.

Pangea Property Partners was sell-side adviser to LogNOR in the transaction. In 2018/2019, we have advised on more than 50 transactions and advisory mandates with an underlying property value close to EUR 3 billion, including several large logistics transactions across the Nordics.

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