At the end of December, Scherdin Fastigheter announced the sale of a commercial property portfolio in central Umeå. The portfolio has a lettable area of approximately 18,300 sqm with SF, Nordea, Lagerhaus and Lindex being the largest tenants. The buyer is a new property company equally owned by Balticgruppen and the seller.
Pangea Property Partners was sell-side adviser to Scherdin Fastigheter in the transaction. In total, we advised on about 50 transactions with a combined value close to €7bn in 2016, giving a Nordic market share around 16 percent. In Sweden and Norway, the firm’s core markets, the market share was about 22 percent.