Karolinska Hospital sold to Niam
Pangea sell-side adviser to Stockholm County Council in SEK 2.3bn deal.
Today it was announced that Stockholm County Council (Sw: Stockholms Läns Landsting) sells the former Karolinska University Hospital to Niam. The property is located in the major development area Hagastaden in Solna, just north of Stockholm.
The property has a total area of about 110,000 sqm, making it one of the largest properties in Sweden. The sales price is SEK 2.3 billion and Niam takes the full risk for the outcome of the zoning process.
Pangea Property Partners was sell-side adviser to Stockholm County Council in the transaction, being the largest Nordic transaction so far in 2018.
“We are happy to have been part of this landmark transaction in Stockholm. It is one of the most exciting development projects in Sweden and we received many strong bids from different kind of buyers, and held the tight time schedule, despite a challenging housing market,” says Joakim Arvius, Project manager at Pangea Property Partners.
Pangea Property Partners is an independent advisory firm focusing on property related corporate finance and transaction services in the Nordics. The company has about 35 employees with offices in Oslo, Stockholm, and London. In addition, we have a strategic cooperation in Finland. Since 2010, Pangea Property Partners has advised on more than 450 transactions with an underlying property value above €35 billion. The mandates include property divestments and acquisitions as well as large corporate transactions, capital raisings and debt financing.