Pangea Property Partners has opened an office in London in response to increased interest in the Nordic property market.
Pangea Property Partners has opened an office in London in response to increased interest in the Nordic property market.
The new office adds to Pangea's existing team in Stockholm and Oslo.
'We open the London office because our contacts here have expressed a clear desire to meet face to face with the people who have the intimate market knowledge and transaction experience they seek,' said Bård Bjølgerud, CEO and Partner at Pangea Property Partners.
Pangea is a corporate finance and advisory firm focused on the Nordic region and the Baltics.
Foreign investors' interest in the Nordic commercial property market is on the rise, driving growth in transactional volumes in the region which were up 55% to €17 bn in the first half of 2015.
Pangea Property Partners said it has identified more than 150 London-based institutional investors with mandates that include Nordic real estate. These represent assets under management of €200 bn.
'Opening the London office is a strategic move. We think the increase in cross-border transactions is a lasting trend, and our presence in London will build on the trust and confidence investors have already placed in us. Our key people will invest substantial time and effort to ensure the success of this initiative. While the key objective is to serve international investors even better, we will also become an even stronger partner for Nordic clients as our capacity for international execution increases,' added Bjølgerud.
The London office will be operational from the beginning of October and is centrally located in the Mayfair district.
