Pangea Property Partners

Solid year for Nordic property ahead despite global headwinds

News • Feb 08, 2019 07:00 CET

A solid economic outlook with competitive growth, strong labour markets and weak local currencies points toward another strong year for the Nordic property market in 2019. However, higher interest rates and lower rental growth in some markets are some of the main threats, according to the new report Pangea Property Outlook 2019.

Larger deals driving Nordic market close to record in 2018

Press Releases • Dec 20, 2018 08:15 CET

2018 was another active year in the Nordic property market, as average transaction size increased, and inflow of foreign capital continued to be strong.

Pangea strenghtens analytical capacity with new hires

News • Sep 06, 2018 12:55 CEST

Pangea Property Partners has strengthened its team with a number of new hires so far this year, consolidating its position as the leading corporate finance and transaction advisory firm focused on the Nordic property sector.

Over the past months, Pangea Property Partners has recruited six new staff members, four in Stockholm and two in Oslo.

“It's no secret that this has been a turbulent year with substantial staff turnover for several of our competitors, especially in the Swedish market. So we’re very happy and proud to continue building on our solid position by attracting talented and ambitious new team members,” said Andreas Birgersson, Pangea’s country manager for Sweden.

"The new recruits particularly strengthen the Pangea team in two areas. Firstly, they add overall analytical capacity, which is key to Pangea’s research-driven business. We maintain extensive in-house market data and publish a broad range of market reports. Secondly, we specifically strengthen our position in the hotel property sector, as illustrated by our recent launch of a dedicated hotel team and a monthly research report on hotel property,” Mr. Birgersson added.

New recruits:

Julia Bergqvist, analyst, Stockholm. Previously with Nordier.
Fredric Gylling, analyst, Stockholm. Previously with Kungsgatan Corporate Finance.
Christian Sahlström, analyst, Stockholm. Previously with Savills.
Tobias Årfelt, associate, Stockholm. Previously with Annordia.
Kristian Hoem, analyst, Oslo. Student, Master of finance, from Copenhagen Business School.
Victoria Tichit, associate, Oslo. Previously with JLL Hotels & Hospitality.

Pangea Property Partners has a staff of more than 30 employees and offices in Stockholm, Oslo and London, as well as a strategic cooperation in Finland. Pangea has advised on close to 400 transactions with an underlying property value of about EUR 30 billion since 2010.

About Pangea Property Partners

Pangea Property Partners is an independent Nordic corporate finance and advisory firm focusing on the real estate sector. The company has offices in Stockholm, Oslo and London with more than 30 employees. We also have a strategic cooperation in Finland. Since 2010, Pangea Property Partners has advised on close to 400 transactions with an underlying property value of about EUR 30 billion. The mandates include property divestments and acquisitions as well as large corporate transactions, capital raisings and debt financing. In 2018 we have, for example, advised Starwood on the acquisition of 32.1% of the votes in Victoria Park, and the sale of 51 logistics and warehouse properties to Hemfosa for SEK 3.6 billion, the two largest property transactions in Sweden this year.

Pangea launches industry leading hotel team and new research

Press Releases • Aug 30, 2018 08:49 CEST

Pangea Property Partners launches a dedicated Nordic hotel team of transaction specialists, analysts and industry experts to strengthen its position as the leading advisor in the growing Nordic hotel property market. In addition, the team presents new research.

“Our know-how of the Nordic hotel and real estate markets is unrivaled and we will now offer an even broader range of transaction services within the hotel segment, as well as operator selections and contract negotiations and advice on strategy and financing. We are excited about this new initiative, as we are seeing growing interest in Nordic hotel properties, both from traditional hotel investors and investors that are new to the segment,” said Bård Bjølgerud, partner and CEO of Pangea Property Partners.

Every month, Pangea Hotel will release a research publication giving an overview of the Nordic hotel market. The report includes statistics on hotel supply, demand and occupancy, transactions, performance of listed hotel companies, hotel market news, project pipeline as well as figures for the capital cities, including airport statistics.

You will, for instance, find the following:

How much have the Nordic hotel markets grown so far this year?
Which Nordic country has the highest occupancy rate? And which capital city?
What are the biggest Nordic hotel transactions this year?
What is the trend of airport statistics and other hotel-market drivers?
Which hotel shares outperformed and underperformed?
Are occupancy rates forecast to increase or decline in the coming years?

The Pangea Hotel team combines existing Pangea partners Bård Bjølgerud, Erik Høvik and Thomas Andersson with new hires Victoria Tichit and Tobias Årfelt. Victoria Tichit has previous experience as a hotel real estate consultant with JLL Hotels & Hospitality in Paris. Tobias Årfelt was previously with the hotel advisor Annordia, where he was responsible for many hotel projects from feasibility to delivery.

“Pangea is the clear market leader within Nordic hotel real estate transactions, with a sustained market share around 50 percent. Our extended hotel team assists local Nordic and international clients based on thorough analysis, decades of experience, documented achievements and a unique network, both in the region and internationally,” added Mr. Bjølgerud.

If you are interested in keeping up with the Nordic hotel market, please see attached the first edition of the Pangea Hotel Monthly and sign up for the following editions. Click here for a free subscription to Pangea Hotel Monthly or other Pangea research.

Attachments:

Pangea Hotel Monthly, 1st edition
Pangea Hotel team presentation

Pangea Property Partners is an independent Nordic corporate finance and advisory firm focusing on the real estate sector and the hotel industry. The company has offices in Stockholm, Oslo and London with more than 30 employees. We also have a strategic cooperation in Finland. Since 2010, Pangea Property Partners has advised on more than 350 transactions with an underlying property value of about EUR 30 billion. The assignments include property transactions as well as large corporate transactions, capital raisings and debt financing. Over the last few years, Pangea has advised on hotel transactions across the Nordics with a combined value of more than EUR 2 billion.

Residential property driving Nordic market close to transaction record in first half of 2018

Press Releases • Jun 29, 2018 08:30 CEST

The overall transaction volume in the Nordic property market reached the second highest level ever in the first half of 2018, driven by large investments from international investors in the residential sector.

Nordic retail property shares struggling, while logistics outperforming

News • Jun 25, 2018 12:33 CEST

Nordic property shares with focus on retail continue to trend downwards, while the logistics sector has outperformed due to increasing focus on online shopping, according to the new edition of Pangea Listed Overview produced by Pangea Property Partners.

Aspelin Ramm sells ALNA senter in Oslo

News • Jun 16, 2018 09:36 CEST

Aspelin Ramm has sold one of the Nordics’ most attractive shopping centres, ALNA senter, after 40 years’ ownership. The centre has five million annual visitors and an annual turnover of NOK 2 billion. The buyer is Joh Johannson Eiendom AS.