ARTICLES TAGGED WITH "Pangea Property Partners"

Strong Foreign Interest in Norwegian Real Estate

Norway Norway — The development of the Norwegian real estate market has been prosperous over the last couple of years. Pangea Property Partners’ CEO Bård Bjølgerud analyzes the foreign interest in Norway and which segments are the strongest.

Pangea: The Nordic Property Market at the Peak or just on the Way to the Top?

Nordic — The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive properties. Transaction activity is expected to be record high in 2017, but slow down slightly in 2018.

Nordic Property Transactions Set New Record in First Half of 2017

Nordic — Driven by a very strong Norwegian and Finnish market, volumes in the Nordic property markets reached a new record in the first half of 2017. Private investors and property funds were particularly active on the buy side and the share of foreign buyers increased significantly, according to Pangea Property Partners report.

Genesta Acquires in Oslo

Norway Norway — Genesta has on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II) acquired the 14,000 sqm office building Mariboes gate 13 in Oslo from T. Klaveness Eiendom AS. The purchase price is EUR 59 million.

Midstar Buys Hotel from Petter Stordalen

Norway Norway — Midstar has acquired Quality Hotel Entry in Kolbotn from Petter Stordalen's Strawberry Properties.

Revaluation of Nordic real estate equities – from premium to discount

Nordic — Nordic property shares have trended downwards since all-time high in September last year. Former valuation premiums have disappeared and many companies are now trading at a discount. In particular, smaller property shares outside the main list have taken a large hit, according to the new report Pangea Nordic Listed Overview from Pangea Property Partners.

Pangea: Continued Record-level Transaction Pace on the Nordic Market

Nordic — The number of transactions has increased during the early part of 2017 compared to the same period in 2016 and the transaction volumes are on par with the Nordic record year in 2016, according to a report from Pangea Property Partners.

Pangea: Nordic Real Estate Still Trending Positive

Nordic — The Nordic property markets will continue to perform well, according to the new report Real Estate Outlook 2017 produced by Pangea Property Partners.

Stordalen to Develop Hotels by Copenhagen Airport

Denmark Denmark — Petter Stordalen and Nordic Choice Hotels won the contract for two hotels by Copenhagen Airport. On April 1st the current airport hotel will be converted to a high-end Clarion Hotel, and at the same time the construction of a new Comfort Hotel will start.

Nordic Property Transactions Set Record of EUR 43 billion in 2016

Nordic — Volumes in the Nordic commercial real estate markets set yet another record in 2016, led by an extremely vibrant Swedish market and strong activity in the residential segment, according to Pangea's report. This contrasts with a weak general trend in Europe following the Brexit vote.

Citycon Buys Office Building in Bergen

Norway Norway — Citycon has signed an agreement to acquire an office building in Bergen for EUR 78M from Tryg Forsikring A/S.

Nordic Property Shares Surge Post Brexit

Nordic — After the Brexit vote, Nordic property shares have strongly outperformed both the general stock market and European property shares, supporting the notion of property in the Nordic region as a safe haven.

Nordic Property Transactions Reach New Record in First Half of 2016

Nordic — Transaction volumes in the Nordic property market were €18.6 billion in the first half of 2016, according to new figures from Pangea Property Partners. This is an increase of 6 percent from the first half last year and a record first half in the Nordic market.

Castellum Gains Access to Norrporten

Sweden Sweden — Castellum gains access to Norrporten and resolves on issue in kind and transfer of repurchased shares. “Together we create an even stronger real estate company with larger presence in important growth markets in Sweden and Copenhagen,” says Henrik Saxborn, Castellum CEO.

Transaction volume € 2.5 billion in May

Nordic — The transaction activity in the Nordics was moderate in May, with 61 transactions summing to EUR 2.5bn, according to Pangea Monthly Update.

Pangea Property Partners Opens London Office to Boost International Presence

Norway Norway — Swedish-Norwegian Pangea Property Partners recently announced the opening of a London office in response to increased interest in the Nordic property market, adding to offices in Stockholm and Oslo.

Pangea: High Transaction Activity in May

Nordic — The transaction activity on the Nordic market was high with with 61 deals and a total volume of € 5.0 billion in May. The volume was driven by large cross-border deals in all countries, according to Pangea Monthly Update.

Negative Rate Creates Real Estate Rush

Nordic — Nordic institutions aim to be active buyers on the real estate market in the next twelve months, according to a new study by Pangea Property Partners. The cause of this is the extremely low interest rate levels and the expected rise of real estate prices ahead.

Transaction volume in February: €1.2 billion

Nordic — The Nordic transaction market was moderate in February. 50 deals were made and the transaction volume reached €1.2 billion, according to Pangea Property Partner´s monthly report.

Nordic Transaction Volume at €1,700 M in January

Nordic — According to Pangea Property Partners, the transaction volume on the Nordic real estate market reached €1,700 M in January. According to Pangea, 56 business deals were made in January.