“It's a great pleasure being voted number one in the Nordics in front of larger and broader competitors, especially when combined with six other #1 Euromoney awards in Norway and Sweden. This proves that quality beats size in our industry. We are extremely proud of the trust from clients inside and outside the region, both in this survey and over the ten years since we started," said Bård Bjølgerud, CEO and partner at Pangea Property Partners.
The Euromoney Real Estate Survey 2019 is conducted by Euromoney magazine and based on responses from almost 3300 real estate companies, advisors, financial institutions, investors, PE firms, developers and corporate end-users in 76 countries worldwide.
Pangea won the following categories:
|Nordic and Baltic||Advisors and Consultants||Overall|
|Nordic and Baltic||Advisors and Consultants||Research|
|Norway||Advisors and Consultants||Overall|
|Norway||Advisors and Consultants||Agency- Letting/sales|
|Norway||Advisors and Consultants||Research|
"Over the past decade we have been lead advisor in more than 400 transactions exceeding EUR 33 billion in value, of which 40 per cent were cross border. Close to 45 per cent of our executed mandates have been as buy side advisor. We will continue to offer the very best property transaction and M&A services, combining unrivaled research and knowledge of the underlying Nordic property markets and the listed sector,” Mr. Bjølgerud added.
So far this year Pangea has executed 25 transactions and other advisory mandates in the Nordics with an underlying property value above EUR 2 billion. For example, the firm has advised on Castellum's and Lilium's major property swap involving properties in Linköping and Sundsvall in Sweden worth a total of SEK 5.2 billion - the largest real estate transaction in Sweden so far in 2019. Pangea recently also advised Starwood and Avara in a notable 2200 residential-unit acquisition in Finland, BaneNor Eiendom and Eiendomspar in the establishment of a new jointly owned NOK 1 billion parking company in Oslo, plus the sale of two prime properties in Oslo CBD for Genesta and Tristan Capital Partners, respectively, and the sale of the Jærhagen shopping mall on the west coast of Norway for Coop/Dolphin, with a total combined value of NOK 2.5 billion.
For more information, please contact:
Bård Bjølgerud, CEO and Partner
+47 484 08 080, email@example.com
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 with Mrec in Finland. Since 2010, Pangea Property Partners has advised on more than 400 transactions with an underlying property value above €33 billion. The mandates include property divestments and acquisitions as well as large corporate transactions, capital raisings and debt financing.