“We now have the benefit of three offices in the Nordic countries as well as our recently opened office in London. This gives us a unique position as the leading corporate finance and advisory firm focusing on the property sector in the Nordic region and the Baltics. There is tremendous investor interest in the Nordic property market, and cross-border transactions are driving the market. This cooperation will enable us to serve our clients even better,” said Bård Bjølgerud, CEO and Partner at Pangea Property Partners.

Over the past years, international interest in the Nordic property market has increased significantly. Transaction volumes reached €40.4 billion in 2015, of which cross-border buyers accounted for €13.3 billion (33 percent of the volume), according to figures from Pangea Property Research. This represents an increase of more than 110 percent compared to the level of cross-border investments in 2014. 

”We are delighted with this opportunity to widen our scope of services as well as further improve our contact network. We look forward to the close cooperation with the successful and likeminded Pangea Property Partners platform. With this arrangement we can provide our clients with an improved Nordic presence in cross-border and Pan-Nordic business,” said CEO Ville Mannila of Mrec.

FACTS/ 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.
FACTS/ MREC
Mrec Oy is an independent financial adviser in property and infrastructure related transactions in Finland. Mrec was established in 2010 as a subsidiary of Swedish Tenzing. In 2014 key personnel acquired the company and changed the name to Mrec.