Three deals in Norway
Pangea Property Partners is proud to have advised both Oslo Capital Partners on the sale of a pan-Nordic social infrastructure portfolio at NOK ~1.4bn, and Höegh Eiendom on the sale of the modern office building Bøkkerveien 5 in Oslo. In addition, Pangea Project Finance closed their first deal!
Project Care – Oslo Capital Partners
The social infrastructure portfolio with 30 properties was sold to Kinland AS, a Whitehelm Capital portfolio company. The portfolio is located in Finland and Norway and has a GLA of ~38,000 sqm with leading care operators on long leases. Read more in PropertyEU, click here
Project Armour – Höegh Eiendom
The modern office building Bøkkerveien 5 in Oslo was sold to Malling & Co’s Eiendomsfond. The property is located at HasleLinje and has a GLA of ~14,000 sqm with Securitas as main tenant. The property has achieved BREEAM-NOR certification “Very Good” and energy-rating A. You can watch the investorfilm, click here
360 Campus AS
Pangea Project Finance acted as arranger in collaboration with Traaseth Property in the syndication of 360 Campus AS and the company’s equity issue used to finance the acquisition of 228 modern student housing units and a retail store in Trondheim. The seller is Rostinvest AS, and the buyer is Union Real Estate Fund III, Spleismark Campus and Traaseth Property.