Subjects: Building, property
Continued momentum expected for Nordic real estate
Nordic property markets are expected to continue to be a region of particular interest for investments in 2021. Strong recovering economies, low financing costs and international investors gradually returning are the main drivers. Continued high M&A activity in the listed property sector can also boost transaction volumes to new all-time highs, according to the new report Pangea Property Outlo
Pangea establishes Project Finance company
Pangea Property Partners is expanding its business and establishes Pangea Project Finance AS from 1 January 2021. A team from DNB Markets has been recruited and the syndication profile Arnstein Rød (46) will lead the company.- Pangea Project Finance becomes a sister company of Pangea Property Partners. Pangea is one of the largest real estate advisers in the Nordic region, and we are in an extraor
Nordic property markets exceed EUR 40bn in 2020 despite corona
The Nordic property markets have recovered strongly from a dry second quarter and will reach EUR 41.5 billion in 2020, only 9 percent behind the record volume in 2019. A very active residential segment and several major deals in December are the main drivers, according to new figures from property advisor Pangea Property Partners.“After a strong first quarter followed by close to zero activity in
Pangea utser ny partner
Pangea Property Partners är stolta över att presentera Martin Schollin (52) som vår nya partner.Schollin har arbetat som projektledare på vårt kontor i Stockholm sedan oktober 2019. Han är en av Sveriges mest erfarna transaktionsrådgivare och har arbetat i fastighetsmarknaden i 25 år. Han är utbildad civilingenjör från KTH och han inledde sin karriär på Catella. Han blev sedermera en av grundarna
Giant logistics hub sold at record price
The partnership between Møller Eiendom (60%) and Stokke Industri (40%) has sold one of Europe’s most sophisticated distribution centers at NOK ~3.0bn. The buyer is NREP Logicenters.The 84,800 sqm property near Oslo Airport Gardermoen is a mission-critical food distribution center. The tenant is Coop, which is the second largest grocery chain in Norway. Coop’s own investment in the property amounts
Real estate a stock market winner for the ninth consecutive year?
Nordic property shares have recovered strongly after a weak start to the year. Since the bottom in March, the sector has risen by 52 percent and the property shares are now on average valued 18 percent above their net asset values. If the sector ends in positive territory for 2020, it would be the ninth year in a row that Nordic property shares deliver positive returns. The listed property sect
Pangea stärker sitt team
Pangea Property Partners har rekryterat Linn Källum (29) som ny analytiker på Stockholmskontoret.Källum kommer närmast från New Property där hon har arbetat med transaktionsrådgivning i ett och ett halvt år. Hon har tidigare arbetat med bland annat skattejuridik och fondfrågor på CauseyWestling och Fondbolagens förening. Källum har en masterexamen i affärsjuridik med finansiell inriktning från Lin
Stockholms mest spännande bostadsprojekt
Försäljningen av byggrätter om drygt 40 000 kvadratmeter på f.d. S:t Eriks Ögonsjukhus är nu inledd. Stockholms mest spännande bostadsprojekt lanseras nu.S:t Eriks Ögonsjukhus har nyligen flyttat från Fleminggatan på Kungsholmen i Stockholm till nya lokaler i Hagastaden. I samband med detta slutförs ett detaljplanearbete som möjliggör en omfattande bostadsbebyggelse på platsen. På marknadenPangea
Eiendomsspar selger Tjuvholmen Allé 1-5
Eiendomsspar og et selskap etablert av Vika Project Finance med Canica som eneste investor i selskapet, har i dag signert en budaksept for én av Oslos mest attraktive kontoreiendommer. Overtakelse er planlagt i løpet av november 2020.Tjuvholmen Allè 1-5Det velprofilerte kontorbygget tegnet av Niels Torp er ett av de største byggene på Tjuvholmen, og huser i dag ca. 750 ansatte. Bygget er fullt utl
Pangea voted #1 in five categories
Pangea Property Partners has been voted best property advisor in Norway in the Euromoney Real Estate Survey for the third time. Pangea has also won gold in the research-category in both Norway and Sweden and in an additional two categories.“We are both delighted and grateful to be voted the best advisor in Norway for the third time, and to win the research category in both Norway and Sweden. To be
Lower activity as momentum turns
Transaction volumes in the Nordic property market reached EUR 15.5 billion in the first half of 2020, which is 15 percent lower than the same period last year, as expected. After a strong first quarter, activity dropped more than 40 percent in the second quarter, according to new figures from property advisor Pangea Property Partners.The Nordics produced a transaction volume of EUR 6.1bn in the se
Fra Oljefondet til Pangea
Pangea Property Partners har rekruttert Aleksander Lee Olsen (30) som ny kommunikasjons- og markedssjef. Han startet i stillingen 2. mars.Lee Olsen kommer fra Oljefondet der han de siste fire årene har vært kommunikasjonsrådgiver og pressekontakt med hovedfokus på finansiell kommunikasjon. Tidligere har han jobbet med finansiell kommunikasjon i Geelmuyden Kiese, og vært frilansjournalist i Tønsber
New records expected on very strong Nordic real estate market in 2020
Despite weaker economic growth, the Nordic property market is expected to continue its positive trend in 2020. In particular, the Swedish market is hotter than ever and foreign capital continues to flow into the region. Several previous records are about to be broken and there is a clear portfolio premium in the market, according to the new report Pangea Property Outlook 2020.
Roar Ingdal joins our team
With 30 years of leadership experience, we are delighted that Roar has become our new Director.He joined our team at the beginning of the year. Roar has worked in the hotel industry for several decades. He has been CEO at First Hotels, Norlandia Hotels & Resorts and at the hotel real estate company Norgani. Roar has also been part of group management at the Nordic Choice Group for several year
Hotel deal in central Gävle
Pangea adviser to Blackstone and Areim in the sale of Scandic CHAt end of last week, it was announced that the joint owners Blackstone and Areim have sold the hotel property Gävle Norr 20:6 to Västerkulla Hotell. The property was extensively refurbished in 2006-2007 and upgraded in 2019 with a lettable area close to 9,400 sqm and 186 hotel rooms. The tenants are Scandic Hotels on a long lease agre
Serneke sells majority stake in Karlatornet
Pangea adviser to Serneke when teaming up with Oaktree for the development of the tallest building in the NordicsLast week, it was announced that Serneke has reached an agreement-in-principle to sell 80 percent of the landmark building Karlatornet in Gothenburg to Oaktree Capital Management. Serneke remains as a shareholder in the project and will continue to act as main contractor for the constru
Large deals drive Nordic property market to all-time high in 2019
After a very strong last quarter, transaction volumes in the Nordic property market reached approximately EUR 44 billion in 2019, the highest level ever recorded. The volume is driven by a very strong Swedish market and several large corporate deals, according to new figures from property advisor Pangea Property Partners
Pangea voted #1 Nordic advisor by Euromoney
Pangea Property Partners has been voted best Nordic advisor in the Euromoney Real Estate Survey 2019, often regarded as the benchmark in the real estate industry. Pangea also won six other #1 awards in the 2019 survey.
Vibrant Nordic property market despite slightly lower volumes
Transaction volumes in the Nordic property market reached almost EUR 20 billion in the first half of 2019, which is 11 per cent lower than the same period last year. However, the volume in Sweden has increased significantly, and the logistics sector is hotter than ever, according to new figures from property advisor Pangea Property Partners.
Real estate once again a stock market winner, and the number of companies continues to increase
Nordic property shares continue to power on in the stock market. Over the past year the sector has risen by 32%, excluding dividends, compared with 3% for the stock market in general. Above all, Swedish property shares have performed well and are now on average valued 14% above their net asset values, motivating new companies to go public, according to the latest edition of Pangea Listed Overview.